The euro retreated from two-week highs against the dollar on Monday, pausing after its best weekly performance since February and drawing limited support from the weekend decision to double the International Monetary Fund's warchest. Worries about upcoming debt auctions in Italy and the Netherlands and concerns about a political backlash against austerity measures could keep
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Brent held steady under $119 a barrel on Monday, as supply worries stemming from tightening Western sanctions on Iran and stabilising factory activity in China countered lingering concerns over the euro zone debt crisis. Iran's crude exports have slipped to 2.1 million bpd, compared with an average of 2.3 million bpd in the last Iranian
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Asian shares and the euro eased on Monday, but losses were kept in check after a report showed Chinese factory activity stabilising in April, alleviating worries about a sharp deceleration in the world's second-largest economy. European shares were also expecting a lower start, with financial spreadbetters predicting that major European markets would open down as
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Greek conservative leader Antonis Samaras promised on Sunday to cut taxes and increase social spending, without missing the targets set by international lenders, if he wins the May 6 national election. Samaras, the front runner in the race, has often criticised the terms of the bailout that saved Greece from bankruptcy, and said he would
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Three executives of the defunct Cypriot airline Helios and a British engineer were each sentenced in absentia to 10 years in prison on Friday for their role in Greece's worst air crash that killed 121 people. The Boeing 737-300, arriving from Larnaca early on August 14, crashed into a mountain near Athens in 2005 after its oxygen supply
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www.cyprusgourmet.com/component/zoo/item/magazine-picks-rising-us-chefs-from-unexpected-places.html
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Voters look set to turn their backs on conservative Nicolas Sarkozy in Sunday's first round of an election that could give France its first left-wing president in 17 years just as fears resurface over Europe's sovereign debt crisis. A sickly economy and a deep dislike of Sarkozy's flashy style have dominated the campaign, but the
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A U.S. military helicopter went down in poor weather in Afghanistan on Thursday, the military said, in a crash that officials believed may have killed all four people onboard. A U.S. defense official, speaking on condition of anonymity, said the Black Hawk helicopter crashed in the Regional Command-Southwest area, which includes the traditional Taliban stronghold
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Geologists in Russia's volatile Chechnya region have discovered what they believe to be fossilized dinosaur eggs laid by one of the huge extinct reptiles that roamed the Earth more than 60 million years ago. "We've found about 40 eggs so far, the exact number has not been established," said Said-Emin Dzhabrailov, a geologist at the
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Polar bears evolved as a separate species far earlier than previously thought, according to a new genetic study, which adds to worries about their ability to adapt in a rapidly warming world. Research published on Thursday found the Arctic's top predators split off from brown bears, their closest relatives, around 600,000 years ago – five
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