Three Ohio women believed abducted separately about a decade ago were found alive together on Monday at a Cleveland house near where they had last been seen, and three brothers were arrested as suspects in their disappearances, police said. Police said they were alerted to the whereabouts of the women by a frantic emergency call
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Asian shares were capped on Tuesday by caution over weak global growth data, but renewed hopes for a steady U.S. recovery propelled Japanese equities to a near five-year peak. European stock markets were seen tracking Asian shares lower, with financial spreadbetters predicting London's FTSE 100 , Paris's CAC-40 and Frankfurt's DAX would open flat to
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J Sainsbury, Britain's third largest supermarket group, said on Tuesday it was in advanced negotiations with Lloyds Banking Group to take full ownership of the Sainsbury's Bank joint venture. The statement was prompted by media speculation over the weekend that Sainsbury's was on the verge of buying out Lloyds' 50% stake in the bank. Sainsbury's
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Cyprus will enter deep recession and face a rise in unemployment, deficit and debt ratios, following a bailout agreement with the Troika of international lenders (European Commission, ECB, IMF) and accompanying austerity measures, the European Commission’s spring forecast said Friday. According to the report, the Cyprus economy will enter a recession, with its GDP shrinking
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* Aims for 50% market share “in a year” * MTN Cyprus chief executive Philip van Dalsen believes that the island’s alternative telco, until recently co-owned by the NK Shacolas Group, will be able to raise its market share from 34% to 50%, And he hopes to achieve that target by hiring more people, a
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The protection of offshore gas facilities within the exploration areas between Cyprus and Israel is a top priority between the two countries, with their ministers of defence agreeing this week to raise their military cooperation to new levels. Cyprus Defence Minister Fotis Fotiou said on his return to the island that during his meeting in
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. * Using gas reserves to raise money is a rather foolish option * By Costis Stambolis Following the Eurogroup conspiracy of March 15, the subsequent Troika-inspired “bail out” and the consequential collapse of Cyprus’s banking system, the question arises as to what model, if any, could be applied to help restart the island’s economy.
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Did the “billions” of the Russian oligarchs (that were never here in the first place) leave Cyprus and head for the Baltic states? Well, Moody’s Investors Service is worried that the rising levels of non-residential deposits within the Latvian banking system are considered credit negative. The rating agency said that the negative pressure arises from
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Moody’s maintains a stable outlook for the UK’s general insurance sector, driven by expectations that rate increases and meaningful expense reductions will mitigate the adverse effects of the challenging macro-economic environment and tough market conditions. The rating agency explained that “while upcoming civil, legal and regulatory reforms may be positive for the industry, they also
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Cyprus President Nicos Anastasiades will be paying an official visit to Israel on the Greek Orthodox Easter Sunday, where he is expected to discuss oil and gas with the political leadership there. Speaking in Nicosia before his departure, President Anastasiades said that the visit was “one of the most important actions and initiatives undertaken by
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