Asian shares edged higher and the dollar was steady against the yen on Monday after the U.S. market hit an almost four-year high last week and with higher European stocks reflecting signs of growing stability in the euro zone. With investors buoyed by those positive signs, financial spread bets are for major European markets to
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Greek banks hard-hit by the country's debt swap might not need all the aid earmarked by the EU and IMF to help them weather the crisis, central bank chief George Provopoulos was quoted as saying on Saturday. The European Union and International Monetary Fund have set aside some 50 billion euros to recapitalise and support
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Greek Socialists elected Finance Minister Evangelos Venizelos as their leader on Sunday, with a mandate to revive a party weakened by unpopular austerity policies ahead of parliamentary polls expected by early May. Venizelos, who has spearheaded the country's marathon debt talks, is set to resign from his post this week to focus on the general
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Imagine standing at the Eiffel Tower and being able to see messages and videos overlaid through your smartphone from all visitors who have come before you. A new app called Wallit combines augmented reality, a virtual view of the real world that can be extended with graphics and other content, with a social experience. It
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Apple Inc, the world's most valuable company, will discuss on Monday what it plans to do with its $98 billion cash hoard, raising expectations it may meet demands to pay a dividend for the first time since 1995. Just days after its stock touched $600 per share, Apple issued a short press advisory saying it
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British Foreign Minister Alistair Burt, giving evidence to a House of Lords Select Committee regarding Iran's nuclear programme, has warned that the country already has weapons which could hit British forces in Cyprus and Afghanistan, and was now seeking to acquire the nuclear bomb. Burt also highlighted concern over Iran's missile programme after Prime Minister
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Iraq said on Saturday it had agreed to pay $408 million to hundreds of thousands of Egyptian workers who fled Iraq because of Saddam Hussein's 1990-91 invasion of Kuwait. Iraqi Foreign Minister Hoshiyar Zebari signed a memorandum of understanding during a visit to Egypt this week, his office said, under which Baghdad agreed to make
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European Commissioner for Climate Action Connie Hedegaard has expressed conviction that the European Commission would have a good cooperation with the Cypriot presidency of the Council of Ministers on issues concerning climate action. In statements at a press conference in Nicosia, Hedegaard said that “from the conversation with the Minister and the meeting with the
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A group of British MPs and volunteers is to take part in a two day clean- up session of desecrated churches and cemeteries in the occupied areas of Cyprus, Conservative MP and Chairman of the British All Party Parliamentary Group on Cyprus David Burrowes has announced. The proposed clean up session of a total of
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Lewis Hamilton put his McLaren on pole position for the opening race of the Formula One season with the fastest time in qualifying for the Australian Grand Prix on Saturday. The Briton will be joined on the front row by compatriot and team mate Jenson Button, while Lotus's French driver Romain Grosjean and seven-times world
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