Greece's finance minister said on Wednesday that his country had been given more time by its international lenders to implement austerity cuts, an assertion played down by leading European Union officials. European paymaster Germany said the EU would only decide on the matter after receiving a report on Greece's progress from the 'troika' of lenders
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Hyundai Q3 profit up 13 pct, but long-term growth concerns South Korea's Hyundai Motor Co increased its quarterly net profit by 13 percent to $2 billion, as it squeezed overseas capacity to keep sales going despite damaging labour strikes at home, where it produces close to half the vehicles it sells worldwide. Hyundai, which with
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At least two thirds of people with advanced cancer believed the chemotherapy they were receiving might cure them, even though the treatment was only being given to buy some time or make them comfortable, according to a U.S. survey. Researchers reported in the New England Journal of Medicine that 69 percent of patients who were
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Noble Energy issued clarifications with regard to comments made by Noble`s country manager John Tomich concerning an LNG plant in Cyprus. “Noble Energy is the operator of Block 12. In this context, the Government of Cyprus is working closely with Noble Energy on a structure for the LNG plant at Vasilikos that could also include
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The EU Environment Ministers will discuss the Council Conclusions for the upcoming Conference of the Parties to the United Nations Framework Convention on Climate Change and the Kyoto Protocol, which will take place in Doha, from November 26 to December 7. The Presidency will seek a common EU position for the Doha Summit bearing in
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Turkish team Fenerbahçe arrived on Wednesday afternoon in Cyprus to play versus the Cypriot football team AEL within the framework of UEFA Europa League. Nicosia Police Chief Kypros Michaelides has said that the tomorrow’s game is a high risk one and everyone must show seriousness and responsibility. Speaking to the press about tomorrow’s game to
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The Greek government, battling a shortage of many medicines, has suspended all drug exports in the wake of a fresh round of price cuts, according to a notice from the country's drugs regulator. The head of the National Organisation for Medicines (EOF), part of the health ministry, has also written to governments around Europe urging
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Cyprus offshore block 12 may carry more than 7 trln cubic feet (tcf) of natural gas, Noble Cyprus manager John Tomich said on Wednesday. "We made that nice discovery of 7 tcf but we think there is a lot more potentially there and we will be chasing additional gas fields," Tomich said during a press
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The Cyprus government debt increased by 8.3% during the second quarter of 2012 compared to the first quarter, according to data released Wednesday by Eurostat. According to the Statistical Office of the EU, at the end of the second quarter of 2012 Cyprus` government debt reached 14.939 billion euro or 83.3% of GDP. In the
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European Central Bank President Mario Draghi gave a robust defence of his bond-buying plan to ease the euro zone's debt crisis, telling sceptical German lawmakers that fears of illegal funding of governments or stoking inflation are misplaced. Draghi emerged from the lion's den of the Bundestag lower house smiling after a two-hour grilling behind closed
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