* Seeks imports until 2018, when it gets own supply * Cyprus has received 17 bids for the supply of natural gas, its state gas company said on Monday, in an interim solution until its own natural gas reserves come online around 2018. The natural gas company, Defa, said it would not disclose more details
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Three suspects, said to be plotting the assassination of the Attorney General, were remanded in custody late on Monday for eight days by the Nicosia District Court in connection with police investigations into the alleged plot. The three suspects, all Greek Cypriots, were arrested on Sunday night, after a coordinated operation by the Police, acting
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Bayerische Motoren Werke AG's BMW of North America affiliate said it will recall 45,500 of its 7 Series luxury sedans from model years 2005-2008 to correct a flaw that could cause a parked vehicle to roll away. BMW said automatic transmissions may not remain in "park" position due to a software problem on cars equipped
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Tough new sulphur limits for shipping fuel will be phased in across EU waters as part of European Union efforts to free the air of toxic chemicals that shorten thousands of lives. EU environment ministers backed the rules on Monday, in a final stage of the process before official publication of the law. From 2015,
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German wages had their sharpest rise in almost four years in July in stark contrast to the pay cuts and job losses seen in most of the euro zone. The Federal Statistics Office said on Monday that German wages rose by 3.2 percent year-on-year in July, the highest increase since a 3.4 percent expansion in
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Hungary appeared to cast doubt on Monday on prospects for an International Monetary Fund/European Union funding pact, with Budapest's negotiator saying "life would go on" even without a deal. Mihaly Varga, Hungary's minister in charge of the negotiations, also played down what an IMF/EU deal would do to attract investors. The remarks came after the
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Shares in UBS soared on Monday after media reports the Swiss bank would announce up to 10,000 job cuts as it takes the knife to its investment banking operations, particularly its fixed income business. UBS Chief Executive Sergio Ermotti is expected to announce the radical restructuring along with third-quarter earnings on Tuesday, but news of
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Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthened on Monday after hundreds of thousands moved to higher ground, public transport shut down and the U.S. stock market suffered its first weather-related closure in 27 years. About 50 million people from the Mid-Atlantic to Canada were in the path of the
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A major Greek newspaper reprinted the names of more than 2,000 wealthy Greeks with Swiss bank accounts on Monday and the editor who first published the list was to go on trial for violating data privacy laws. Ta Nea devoted 10 pages to the list of accounts said to hold some 2 billion euros until
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Iran holds pictures of Israeli bases and other restricted areas obtained from a drone launched into Israeli airspace earlier this month, an Iranian lawmaker was quoted as saying on Monday. Earlier this month, Israel shot down a drone after it flew 55 km into the Jewish state. Lebanese militant group Hezbollah claimed responsibility for the
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