Police descended on a Boston suburb amid reports of gunfire and explosions shortly after a university police officer was shot dead on the MIT campus Thursday night, touching off a manhunt in a community on edge just days after the Boston Marathon bombing. Neighbours reported hearing several gunshots and explosions in Watertown, a neighboring suburb
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Britain's top share index advanced on Friday, recouping a fraction of recent steep losses caused by global growth concerns, with some investors looking for bargains in a market that is likely to remain choppy. The FTSE 100 index rose 13.19 points, or 0.2%, to 6,256.07, but still headed for a weekly decline of about 2%.
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Charles Ellinas, Chairman of the Cyprus National Hydrocarbons Company (KRETYK) and Solon Kasinis Vice President of KRETYK said on Thursday that Cyprus will become an energy hub, capable of covering a large part of the EU energy needs, with prospects of exporting gas to Asia. Speaking during the “2nd Annual Cypriot-Greek Oil & Gas 2013
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The outlook for Greece's banking system remains negative, unchanged since 2010, Moody's Investors Service said in a new report, due to the stressed operating environment, combined with still-high sovereign exposures that will continue to erode banks' asset quality, capital, profitability and funding. Moody's said that the deep and prolonged economic contraction will further increase already
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Two senior Russian officials warned political leaders on Thursday against rushing into more spending to stimulate a struggling economy at the risk of higher inflation. Russia's $2.1 trln economy expanded by just 1.1% in the first quarter, significantly below the Kremlin's target of 5%, prompting President Vladimir Putin to urge the government to boost social
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Italy's parliament failed to elect a new state president in the first two votes on Thursday, with a centre-left rebellion against leader Pier Luigi Bersani torpedoing his official candidate and prolonging political stalemate. Until the new president is elected, the paralysis hobbling attempts to form a government since February's inconclusive general election will continue but
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U.S. stocks fell on Thursday after data showed signs of slower growth ahead for the U.S. economy, with traders zoning in on technical factors to anticipate the market's next move. The S&P 500 briefly traded below its 50-day moving average for the first time this year, an indication that the market's medium-term uptrend could be
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Twitter Inc launched a stand-alone music-streaming app on Wednesday, opening another front in the micromessaging service's ambitious expansion into multimedia content. The iPhone app, called #music, will recommend and stream songs based on who users follow on Twitter and artists' recommendations. The songs will be streamed via Rdio and Spotify, the subscription-based music services, and
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Hundreds of protesters waved banners and chanted against the Bahrain government on Thursday ahead of this weekend's Formula One race, which the opposition sees as a chance to attract international attention to its pro-democracy campaign. The Gulf Arab kingdom has arrested several people accused of stealing and burning cars and scaled up security ahead of
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The outlook for Lebanon's banking system remains negative, as it has been since 2011, Moody's Investors Service said in a new report, with expectations of weak economic growth adversely affected by the ongoing conflict in Syria as well as domestic political tensions; modest capital buffers; and, declining net profitability. The Syrian conflict and factious domestic
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