Greek club PAOK Salonika have been fined and threatened with a ban from European competition for breaching UEFA's club licensing regulations, European soccer's governing body said. UEFA said its disciplinary committee had fined PAOK, who have reached the last 32 of the Europa League, 250,000 euros ($319,000), of which 200,000 euros is suspended for a
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A backlash against rising inequality — evident from the Occupy movement to the Arab Spring — risks derailing the advance of globalisation and represents a key threat to economies worldwide, according to the World Economic Forum. Severe income disparity and precarious government finances rank as the biggest economic threats facing the world, according to the
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The stable albeit cautious outlook for Turkish corporates reflects a number of risk factors that could potentially affect their credit quality over the next 12-18 months, Moody's said in a Special Comment report. "Our stable outlook for non-financial Turkish corporates is based on our expectation that rated corporates will benefit from moderate economic growth of
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– Cyprus to allow suspect Syria boat to leave – Media reports said carrying up to 60 tonnes of munitions (Adds government spokesman) A ship reportedly carrying ammunition to Syria will be allowed to leave Cyprus after giving authorities assurances it will change its destination, a government official said on Wednesday. Media reports said the
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Greek Cypriots claiming for loss of use for their property in the internationally unrecognized Turkish Republic of Northern Cyprus received on Tuesday only 23% of what they claimed from the European Court of Human Rights (ECHR), according to analysis by Sapienta Economics Ltd. In the judgment on merits in the case of Lordos v. Turkey
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Everybody knows hospital rooms are noisy, but now a study has confirmed it — with the added finding that noise levels may sometimes spike to nearly that of a chainsaw. "The hospital environment is certainly not a restful environment," said Vineet Arora, at the University of Chicago, who led the study published in the Archives
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This year’s Cyprus International Fair aims to be the forerunner of many events that will follow, within the framework of Cyprus’ Presidency of the EU, in the second semester of 2012. A Cyprus State Fairs Authority press release said that this year’s Fair will include many innovations and attractive offerings, because of the financial crisis.
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The Advisory Group of Experts on hydrocarbons is expected to hand to the government by the end of the week its proposal on establishing a state oil company. This week the Group is holding a series of intensive meetings with the Ministerial Committee on hydrocarbons and other experts, focusing on developing and managing hydrocarbons in
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Spain is preparing to battle several smaller and economically fitter northern countries to hang on to its seat on the European Central Bank's influential executive board, well placed euro zone sources told Reuters. Spain's seat on the six-member board is under threat from, among others, the Netherlands, Luxembourg and Finland, as the euro zone's northern
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Indians may think twice before gulping down a glass of milk after the country's food safety regulator found most samples collected in a survey were either diluted or adulterated with products including fertilizer, bleach and detergent. The study, conducted this month by the food safety and standards authority of India, found milk was adulterated with
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