An unmanned Russian rocket carrying three navigation satellites crashed shortly after lift-off from the Russian-leased Baikonur launch facility in Kazakhstan on Tuesday, spilling its highly toxic propellant. State-run Rossiya-24 television showed footage of the Proton-M booster rocket veering off course seconds after lift-off. It fell apart in flames in the air and crashed in a
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Saudi Arabia's King Abdullah has extended an amnesty for foreign workers to obtain legal status in the country until the end of the Islamic year on Nov. 3, from the previous deadline of July 3, the official Saudi Press Agency reported on Tuesday. Earlier this year the kingdom began to crack down on the many
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Unemployment in Cyprus reached 16.3% in May compared to 15.8% in April and it is amongst the countries with the highest increase. According to data released Monday by the Eurostat, the EU statistical service, the eurozone area unemployment rate was 12.1% in May 2013, up from 12.0% in April. The unemployment among the 27 EU
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A total of 2,190 places for the higher and highest educational institutes of Cyprus and Greece’s military and theatre schools, have been offered to Cypriot students for the academic year 2013-2014. The results of the 2013 Pancyprian examinations were announced Monday by the Minister of Education and Culture Kyriakos Kenevezos, who said that he was
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Euro area annual inflation is expected to be 1.6% in June 2013, up from 1.4% in May3, according to a flash estimate from Eurostat, the statistical office of the European Union, released Monday. According to the main components of euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in
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Abacus, a leading business advisory firm with a portfolio of elite multinational clients announces the appointment of Marianna Charalambous as Head of Energy. “The recent developments in the oil and gas field in Cyprus and the dramatic changes in the energy industry have resulted in many of our multinational and global clients requiring our assistance
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Nokia shares surged on Monday after it announced plans to buy out partner Siemans AG's share of their valuable network equipment joint venture, betting on the technology to run 4G networks after it stumbled as a maker of smartphones. Loss-making Nokia gains full control of the profitable venture Nokia Siemens Networks (NSN) for $2.2 billion,
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Greece and its international lenders resume talks on Monday to unlock 8.1 billion euros ($10.5 billion) of rescue loans after a two-week break during which the government almost collapsed over redundancies at state broadcaster ERT. Prime Minister Antonis Samaras has said he expects the talks to conclude successfully, despite setbacks to the country's privatisation programme
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To fireworks, cannon-fire and Beethoven's Ode to Joy, Croatia joined the European Union at midnight on Sunday, two decades since fighting itself free of Yugoslavia. Thousands packed Zagreb's Ban Jelacic square to celebrate the accession of the bloc's 28th member, setting aside for a moment the troubles of a country in its fifth year of
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Asian equities edged lower on Monday, hurt by worries that the U.S. Federal Reserve could start scaling back its massive monetary stimulus in September, and signs of an economic slowdown in China. European stocks were seen likely to fall on Monday. Financial spreadbetters expect Germany's DAX to open down 0.44%, and France's CAC 40 to
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