Italy appeared to be inching toward another round of elections on Monday after centre-left leader Pier Luigi Bersani issued an ultimatum to 5-Star Movement leader Beppe Grillo to support a temporary government or "we'll all go home". Appearing on RAI state television late on Sunday, Bersani ruled out another technocrat government like the last one,
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Worries over the global growth outlook dragged European shares lower on Monday and weaker-than-anticipated earnings from leading bank HSBC did little to ease investors concerns. By 0857 GMT, the FTSEurofirst 300 index was down 4.29 points, or 0.4 percent, at 1,164.35 points, and the euro zone's blue chip index shed the same to 2,605.93 points.
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EU Economic and Monetary Affairs Commissioner Olli Rehn warned on Sunday against a Cypriot exit from the eurozone and said all countries in the single currency bloc were systemically important. "Even if you come from a big EU country, you should be aware that every member of the eurozone is systemically relevant," Rehn was quoted
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Going to London for a weekend escape and connecting to key destinations becomes even easier with British Airways’ new summer schedule and move to its exclusive home in London Heathrow, Terminal 5! From April 2013, British Airways flights from Larnaca to London Heathrow will be departing daily at 11:05am, reaching London Heathrow at 14:05 (compared
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Insomniacs looking for a good night's sleep may want to hit the treadmill, take a walk or play a game of golf or tennis because a new report released on Monday shows exercise promotes good sleep and the more vigorous the workout the better. Just 10 minutes of exercise a day could make a difference
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Sergio Marchionne does not walk on water. Nevertheless, it may require a miracle to pull off the Fiat chief's latest gambit: Take his sporty Alfa Romeo brand global with more expensive models and triple its sales volume by 2016 – after years of losses. To add extra spice to the challenge, which takes place as
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European policymakers should be asking themselves "who lost Italy" after a grassroots revolt against austerity, unemployment and the political elite caused an electoral earthquake in the euro zone's number three economy. Instead, most are insisting that their policy mix to fight the currency area's debt crisis is right, even though the latest EU forecasts have
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The global financial crisis is clearly far from over but few long-term investors feel we are back to square one either. The current situation might be best summed up by filmmaker Orson Welles, in a famous quote cited by Brown Brothers Harriman strategist Mark Chandler this week: "If you want a happy ending, that depends
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* Eurostat says Cyprus jobless inches up to 14.7% * Combating unemployment is a top priority for the new government of Cyprus, with its newly appointed labour minister saying on Saturday that the situation is “out of control” and that the conclusion of a bailout package with international lenders will help stabilise the economy. Labour
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Cyprus Finance Minister Michalis Sarris, hardly 48 hours in his new job, has already packed his bags and is headed for Brussels to prepare for Monday’s Eurogroup meeting where he will propose a new formula to allay EU concerns about money laundering. Calming jittery nerves, especially from among his German, Dutch and Finnish Finance Ministers,
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