Future EU budgets for research and competitiveness must be increased, as unanimously promised by the EU leaders at their June 2012 summit, the European Parliament said in a resolution voted on Tuesday. The resolution was adopted with 517 votes in favour, 105 against and 63 abstentions. MEPs warned member states not to make cuts in
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The European Commission (EC) has received Cyprus government’s counter-proposals to the Troika’s package of austerity measures put forward as part of the island’s bailout programme, the EC’s Economic and Monetary Affairs spokesperson Simon O`Connor has told CNA. Asked when the Troika would return to Cyprus for the final phase of negotiations with the government on
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A new record-breaking passenger traffic at Pafos International Airport was announced on Tuesday by Hermes Airports Ltd, the company in charge of the management and control of Larnaka International Airport and Pafos International Airport. A press release issued by the company said that according to the latest records, from 01 January 2012 to 22 October
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The head of the BBC denied on Tuesday helping to cover up a sex scandal involving one of its former stars but accepted the British broadcaster had been damaged by a crisis that has shaken public trust in a national institution. George Entwistle, who only took charge at the 90-year-old media organisation in August, told
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France backed Airbus on Tuesday in a row with Germany over funding for its next jetliner, in a sign of lingering tension following the collapse of a European aerospace industry merger. Germany is unhappy about its share of work on the $15 billion A350 aircraft project and has withheld half of a roughly 1.2 billion
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The European Commission threw its support on Tuesday behind a plan by 10 euro zone to use a single rule to tax transactions by financial institutions as a way of contributing to the cost of the sovereign debt crisis. Support for the harmonised financial transaction tax (FTT)could open another rift in Europe, where countries already
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The Food and Drug Administration said on Monday that it was investigating reports of five deaths that may be associated with Monster Beverage Corp's namesake energy drink, and the company's shares fell more than 14 percent. Monster is also being sued by the family of a 14-year-old Maryland girl with a heart condition who died
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The Emir of Qatar entered the Gaza Strip on Tuesday for a visit that broke the isolation of it Islamist rulers, Hamas, but disappointed Israel and mainstream Palestinian leaders in the West Bank. Sheik Hamad bin Khalifa al-Thani crossed into Gaza from Egypt at the head of a large delegation on what is billed as
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Iran said on Tuesday it would stop oil exports if pressure from Western sanctions got any tighter and it had a "Plan B" contingency strategy to survive without oil revenues. "If sanctions intensify we will stop exporting oil," Iranian oil minister Rostam Qasemi told reporters in Dubai. "We have prepared a plan to run the
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IKEA, the world's largest furniture retailer, will shift to renewable energy by 2020 and grow more trees than it uses under a plan to safeguard nature that has won support from environmentalists. The Swedish-based group, which wants to build on many customers' desire for a greener lifestyle, also said on Tuesday it would limit sales
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