The White House was locked down for more than an hour on Tuesday night as authorities investigated what appeared to be a smoke bomb tossed over the fence of the executive compound, a Secret Service spokesman said. The device was thrown over the fence at one point when about 1,000 to 1,500 "Occupy DC" protesters
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Greece goes head to head with its creditors on Wednesday in a renewed attempt to break a deadlock in negotiations to slash the country's debt and stave off default. International private sector creditors represented by the Institute of International Finance (IIF) were set to meet the government in the afternoon. Talks broke down on Friday
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The air traffic controllers four-hour strike on Wednesday will affect thirty-five scheduled flights to and from Larnaka and Pafos airports. In statements to the Press airport Spokesman Adamos Aspris said that “unfortunately it was not possible to avoid the air traffic controllers strike announced for tomorrow”. According to Aspris, Cyprus airport authorities received at about
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Cyprus ranked 40th worldwide in the World Bank’s annual report entitled “DoingBusinessReport 2012”. The results of the report were presented on Tuesday during an event organized in Nicosia by the Cyprus Investment Promotion Agency (CIPA). Addressing the event, CIPA President Christodoulos Agkastiniotis said that the Agency advises the government on reform issues aiming to improve
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Annual inflation in Cyprus recorded an increase during the month of December 2011, while subsideing on average in the EU and the Eurozone. According to Eurostat data, released today, the annual inflation rate rose to 4.2% in Cyprus, up from 4% last November. Euro area annual inflation was 2.7% in December 2011, down from 3%
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The World Bank warned developing countries on Wednesday to prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09. In a report sharply cutting its world economic growth expectations, the World Bank said Europe was
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The Economist Intelligence Unit (EIU) has raised its forecast for economic growth in the US in 2012 to 1.8%, from 1.3% in its monthly global update. The EIU says that despite weakening external demand from Europe and Asia and continuing stresses at home, the US economy has been resilient. “Job growth has accelerated, consumer confidence
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French luxury groups are on the prowl for promising Italian menswear brands after France's PPR bought Italian tailor Brioni this month, fashion doyen Giorgio Armani said on Tuesday adding that his business was not for sale. PPR, which owns luxury Italian handbag and shoemaker Gucci was well as French fashion brand Yves Saint Laurent, finalised
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– Gets 17,000 users in first 24 hours – RIA Russian internet company Mail.ru has launched its answer to U.S. microblogging site Twitter, seeking to expand its business into social instant messaging and emulate the success of China's Weibo. London-listed Mail.ru said the new 'Futubra' service was part of its strategy to move into microblogging,
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Germany's exit from nuclear power could cost the country as much as 1.7 trillion euros ($2.15 trillion) by 2030, or two thirds of the country's GDP in 2011, according to Siemens, which built all of Germany's 17 nuclear plants. "This will either be paid by energy customers or taxpayers," Siemens board member Michael Suess, in
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