Nestle, the world's biggest food company, has removed beef pasta meals from sale in Italy and Spain after finding traces of horse DNA. The discovery of horsemeat in products labelled as beef has spread across Europe since last month, prompting product withdrawals, consumer anger and government investigations into the continent's complex food-processing chains. Swiss-based Nestle,
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Armenia's presidential election was an improvement on recent elections in the former Soviet republic but was not genuinely competitive, international observers said on Tuesday. Representatives of the Parliamentary Assembly of the Organization for Security and Cooperation in Europe said Monday's election, in which President Serzh Sarksyan was re-elected, was peaceful and generally well conducted. "However,
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Two years after a pro-democracy uprising, Egypt resembles a rickety bus rolling towards a cliff, its passengers too busy feuding over blame to wrench the steering wheel to safety. Foreign exchange reserves are dwindling. Tourism is moribund. Investment is at a standstill. Subsidised diesel fuel and fertiliser are in short supply, while the cost of
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Philippine and Australian shares scaled new heights on Tuesday but other Asian shares were mixed, with worries about the risk of an inconclusive outcome in Italy's election and about U.S. budget talks limiting the upside after strong rallies in early February. European markets looked set to inch higher, with financial spreadbetters predicting London's FTSE 100,
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– Conservative Anastasiades short of outright majority – Run-off against Communist-backed Malas on Feb. 24 – Kingmaker Lillikas suspicious of terms for any bailout – Financial crash could reignite euro zone crisis – Runner-up will say on Friday who he supports The Cypriot politician most in favour of an international bailout was in pole position to
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A new virus that emerged in the Middle East last year and has killed five people is well adapted to infecting humans but could potentially be treated with drugs that boost the immune system, scientists said on Tuesday. The virus, called novel coronavirus or NCoV, is from the same family as the common cold and
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A Texas mother had a one-in-70-million kind of Valentine's Day this year when she gave birth to two sets of identical twin boys, a Houston hospital announced on Monday. The four brothers were delivered at 31 weeks to Tressa Montalvo, 36, via Cesarean section at The Woman's Hospital of Texas in Houston, according to a
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After Hugo Chavez spent two months out of the public eye for cancer surgery in Cuba, the Venezuelan government hailed his homecoming on Monday and said the president had achieved another milestone – 4 million followers on Twitter. The 58-year-old flew back from Havana before dawn and was taken to a military hospital. No new
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A meteor that exploded over Russia's Ural mountains and sent fireballs blazing to earth has set off a rush to find fragments of the space rock which hunters hope could fetch thousands of dollars a piece. Friday's blast and ensuing shockwave shattered windows, injured almost 1,200 people and caused about $33 million worth of damage,
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Central Bank of Cyprus (CBC) will seek Troika approval to officially inform the banks about the amount needed for their recapitalization according to Pimco so that the banks will, in their turn, be able to release their preliminary results for 2012 thus informing accordingly investors. Global investment solutions provider PIMCO has been assigned with the
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