World Bank President Jim Yong Kim called for a commitment by the international community on Tuesday to end extreme poverty by 2030 and to improve the lives of the most vulnerable people living in developing countries. To reach that goal, Kim said the world need to reduce the number of people living below the poverty
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Egypt predicts a speedy conclusion to talks with the International Monetary Fund on a $4.8 billion loan that will help save its economy from crisis. It may not be that easy. In talks due to start on Wednesday, Cairo must convince the IMF that it is serious about reforms aimed at boosting growth and curbing
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The U.S. military is deploying a second guided-missile destroyer to the Asia-Pacific region, U.S. officials said on Tuesday, as fears mount over North Korea's threats of war. The United States is walking a difficult line, trying to avoid escalating tensions on the Korean peninsula while also taking steps to reassure allies in Seoul and Tokyo
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Cypriot Finance Minister Michael Sarris quit on Tuesday after concluding talks with foreign lenders on a bailout that forced the island to slap unprecedented losses on bank depositors in return for aid. The news came after Cyprus announced a partial relaxation of currency controls, raising the ceiling for financial transactions that do not require central
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Low-cost carrier easyJet is introducing a set of measures that will improve fuel efficiency and reduce CO2 emissions through a new, lighter seat and lightweight trolleys along with aerodynamic improvements like sharklets, an enlarged wing tip which makes the wing more efficient. The new Recaro seats will be fitted onto 14 new aircraft to be
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Unemployment in Cyprus reached 14% of the active population in February, compared to 13.7% in January, while unemployment among men was 13.9% and women 14.1%, according to Eurostat. Unemployment among young persons under the age of 25 was 31.8%, based on December data. The Euro area seasonally-adjusted unemployment rate was 12% in February 2013, stable
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A three-member investigative commission to probe possible civil, criminal or political liabilities concerning developments in Cyprus’ banking sector and the economy was sworn in here today, during a ceremony at the Presidential Palace. The commission is chaired by Georgios Pikis, a former Supreme Court President and former member of the International Court of Justice in
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India's Supreme Court lifted on Tuesday a three-week order banning Italy's ambassador from leaving the country after Italy sent two marines back to India to face trial over the deaths of two Indian fishermen. The court had earlier banned the ambassador, Daniele Mancini, from leaving after Italy announced it would not send the accused marines
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Renowned as the “Martin Luther King of the Middle East”, Nobel Peace Prize Nominee Dr. Izzeldin Abuelaish will visit Cyprus on Wednesday 3 April where he will give key note speeches on endorsing health and education as a tool for peace in the Middle East. Dr. Abuelaish, a Palestinian medical doctor was born and educated
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Asian shares were capped while the dollar eased on Tuesday, with investors growing cautious ahead of new indicators that could flag slowing U.S. economic momentum. The private ADP employment report and the latest weekly jobless claims figures precede the key monthly U.S. nonfarm payrolls report on Friday. European markets were likely to return from Easter
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