At least six people were killed and scores injured when tornadoes ripped through a stretch of Texas near the Dallas-Fort Worth area after dark on Wednesday, destroying homes and uprooting trees, authorities said. Hood County Sheriff Roger Deeds said the death toll could rise as rescue workers combed through houses in the middle of the
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Actor Leonardo DiCaprio and Christie's auction house raised $38.8 million through a charity art auction and donations, Christie's said on Tuesday, with proceeds to benefit environmental and conservation causes. The 33 works in The 11th Hour Auction organized by the star of the new film "The Great Gatsby" sold for $31.74 million on Monday
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CNP Assurances said on Thursday that the impact of the crisis in Cyprus on its CNP Laiki Insurance Holdings unit would be 16 million euros ($20 million), up from a previous estimate of 5 million. The French insurer also said it had made a provision of 50 million euros to cover the unit's estimated goodwill
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Successfully managing risk is a fundamental requirement for any effective business. In financial services it is a critical component. Part of the responsibility for the credit crisis in Cyprus is widely attributed to a poor understanding of risk. CIIM is offering the Chartered Institute for Securities & Investment (CISI) Risk in Financial Services qualification training
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Nearly two-thirds of Greek youths are unemployed Greek youth unemployment shot to a record 64 percent in February, underscoring the dire state of the recession-hit economy despite signs of improving business sentiment. Repeated doses of austerity under international bailouts have almost tripled Greece's jobless rate since its debt crisis began in 2009, weighing on an
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Ryanair aims to grow much faster than previously indicated over the next five years in a bid to exploit the weakness of mid-tier European rivals struggling with recession, the firm's chief operating officer has told Reuters. Three decades after it launched the industry's cheap flights revolution, the Irish airline hopes to raise passenger numbers by
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Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing the country's progress in cutting its budget deficit and the receding risk of its euro zone exit. After nearly crashing out of the euro last year and coming under attack for stalled reforms, Greece has won praise in recent
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The euro zone's economy contracted for the sixth straight quarter at the start of this year, data showed on Wednesday, marking its longest recession on records dating back to 1995. Falling output across the bloc, from France to Finland, meant the 17-nation economy shrunk 0.2 percent in the January to March period, the EU's statistics
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When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most notable among companies transferring money from the country's two main banks were Russians and East Europeans. At least 3.6 billion euros ($4.67 billion)
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Warren Buffett-backed Chinese carmaker BYD Co Ltd rolled out Hong Kong's first electric taxi fleet on Wednesday, marking a milestone for its all-electric battery car that highlights its promise and its limitations. "We expect to increase the number of e6 taxis in Hong Kong to 5,000 in three years," said Liu Xueliang, general manager of
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