U.S. medical device maker Allergan will invest $350 million to expand its manufacture of the anti-wrinkle drug Botox in the west of Ireland, creating 200 new jobs over the next four years bringing its total Irish workforce to 1,100. Botox is already a $1.5 billion-a-year product and approval for its use in treating migraine headaches
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BMW posted record car sales for 2011 and forecast that a boom in luxury cars would keep it ahead of rivals this year as the world's biggest maker of premium cars enjoys strong demand from China and the United States. The Munich-based company said on Monday that worldwide sales of BMW, MINI and Rolls-Royce cars
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The global crisis shows that the world needs economic ethics and new rules so the financial system benefits all humanity, Pope Benedict said on Monday in his keynote speech for the New Year. In a wide-ranging address, the pontiff also called for the end of violence across North Africa and the Middle East, and denounced
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Two paintings, one by art master Pablo Picasso and another by famous Dutch painter Piet Mondrian, were stolen from Greece's National Gallery on Monday, police sources said. The robbers broke into the gallery in the early hours and snatched the 1939 Picasso work "Woman's head", a police official said without disclosing the other artwork's title.
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The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance. The coming months will be decisive in determining whether European leaders can hold their increasingly fragile currency bloc together or will stumble in the face of
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The London Olympics countdown entered its final 200 days on Monday with government and organisers talking up the legacy Britain can look forward to long after the last medal has been won and the show is over. On the day three more Games venues had their future ownership announced, Prime Minister David Cameron was due
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Iran's judiciary said on Monday a death sentence had been passed for an Iranian-U.S. citizen on charges of spying for the United States, the students news agency ISNA reported. "A death sentence has been issued for Amir Mirza Hekmati for cooperating with the hostile government of America and spying for the CIA," ISNA quoted spokesman
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Signs of improvement in the German and U.S. economies helped offset concerns over the prospects for euro zone debt auctions later this week, lifting the single currency and European shares on Monday. The FTSEurofirst 300 index of top European shares opened up by around 0.2 percent to 1015.88. The MSCI world equity index was also
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Italian Prime Minister Mario Monti plans liberalisation steps to promote competition in several industry sectors and revive the ailing economy, he said on Sunday, ahead of meetings with European partners to discuss ways to stem the debt crisis. The liberalisations, which will seek to reduce privileges for dominant companies, will be included in a new
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The upgrading and expansion of defence cooperation between Cyprus and Israel aims at safeguarding peace and stability in the region, always in accordance to international law, Defence Minister Demetris Eliades said on Saturday prior to an official visit to Israel on Sunday to meet Deputy Prime Minister and Defence Minister Ehud Barak. The Cypriot official
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