Greece's "Troika" of international lenders have appointed monitors to provide additional supervision of banks being recapitalised with funds from the country's latest bailout. Accounting firm Grant Thornton has been named as the monitor for the biggest bank, National Bank of Greece, as well as Eurobank, the smaller rival it is in the process of buying.
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British supermarket chain Tesco< TSCO.L> said on Tuesday it had withdrawn a number of beef burgers from sale after samples were found to contain horse DNA in tests. The burgers that had tested positive were produced in two plants in Ireland and one in the UK and sold by several retailers, the Food Safety Authority
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Growth across all service lines KPMG International (KPMG), the global network of professional firms providing Audit, Tax and Advisory services, announced record-high combined revenues of US$23.03 bn for the fiscal year ending 30 September 2012, a 4.4% increase over the previous year in local currency terms. When adjusted to US dollars, revenues increased by 1.4%,
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Public Lecture by The Cyprus Institute The Cyprus Institute (CyI) is organizing its annual Hubert Curien memorial lecture on Friday, 25 January. This year’s lecture, is entitled “Who needs the Higgs boson?’’ this topic will be presented by two internationally renowned scientists, Prof. Edouard Brézin, a theorist, former President of the French Academy of Sciences
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A helicopter crashed into a crane near a railway station in central London during the morning rush hour on Wednesday, bursting into flames and throwing plumes of smoke into the air. British police said two people had been killed. "Two people have been confirmed dead at the scene. We have no further details," police said
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Last year was among the top 10 warmest in the modern global record, two U.S. climate-watching agencies reported on Tuesday, less than a week after 2012 was declared the hottest ever in the contiguous United States. The U.S. space agency NASA and the National Oceanic and Atmospheric Administration jointly issued two reports on 2012 world
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Facebook Inc took the wraps off a new search tool on Tuesday that lets people trawl their network of friends to find everything from restaurants to movie recommendations, an improvement that's likely to increase competition with review websites like Yelp and potentially even Google Inc. The so-called graph search marks the company's biggest foray into
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Representatives of the US-based investment management firm Pimco will meet on Wednesday the leadership of the Cyprus Popular Bank and the Bank of Cyprus, in Nicosia. According to CNA sources, Pimco representatives will discuss with the Banks’ leaderships issues regarding loans which had been given by the two Banks to the construction industry. Pimco representatives
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President of the Republic of Cyprus Demetris Christofias has sent a letter to President of the European Commission Jose Manuel Barroso, in which he asks for his support for a direct bank recapitalisation tool to function retroactively for those countries that have received indirect recapitalisations for their banking sectors. In his letter, dated 11 of
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In a matter of days, Hillary Clinton will leave the State Department behind and become a private citizen for the first time in 34 years. But her next big decision will be a very public one: whether to run for U.S. president in 2016. Many factors would weigh in her favor should she decide to
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