Economic activity, especially in small and medium size enterprises in Cyprus, needs to be re-launched, European Parliament President Martin Schultz said on Monday. As a means to do that he proposed a European Investment Bank credit programme targeted to small and medium size enterprises, an idea he will put forward on his return to Brussels.

"We must keep the momentum on the banking union," President of the European Council Herman Van Rompuy said on Monday, adding that, “if anything, the recent uncertainties around Cyprus have underlined the need not only for a single supervisor but also for a strong and effective single resolution mechanism.” “Only with a complete banking union

Boeing began installing reinforced lithium-ion batteries on five grounded 787 jets in Japan on Monday, starting a process that should make the first commercial Dreamliners ready to fly again in about a week. Boeing's Dreamliners have been grounded since regulators in the United States and elsewhere ordered all 50 planes out of the skies in

Serbs pride themselves on their hospitality, and Abu Dhabi's crown prince got the full treatment this year: skiing in the mountains, a tour of Belgrade's Red Star soccer club and a parting gift of hand-knitted woollen socks. For years an exporter of war and instability, Serbia is now trying to lure hundreds of millions of

German Chancellor Angela Merkel said on Monday that euro zone members must be prepared to cede control over certain policy domains to European institutions if the bloc is truly to overcome its debt crisis and win back foreign investors. Speaking at an event hosted by Deutsche Bank in Berlin alongside Polish Prime Minister Donald Tusk,

Spain's official population fell last year for the first time since the 1940s as immigrants fled a five-year on-and-off recession that has sent unemployment soaring. The number of residents fell by 206,000 to 47.1 million, the National Statistics Institute said on Monday, a figure entirely accounted for by the fall in the number of registered

Tired of checking the washing machine to see if a cycle has completed, or worrying that the lights were left on at home? Apps are increasingly helping people monitor and control objects remotely on their mobile devices. From Internet-connected washing machines and smart refrigerators to bathroom scales, gadgets that connect to the Internet are on

The dollar strengthened towards 100 yen on Monday and shares rose after the G20 accepted Japan's bold stimulus policies, helping to counter the gloom over the global growth outlook. In a communique after a two-day meeting, the G20 said it would be "mindful" of possible side effects from extended periods of monetary stimulus, without singling