British Minister of State, Foreign and Commonwealth Office, Lord Howell of Guildford, has expressed conviction that the Republic of Cyprus will carry out its responsibilities during its presidency of the Council of the EU as defined by the Treaty on EU. Replying to questions at the House of Lords as regards the assumption of the
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British Airways owner IAG is to buy Lufthansa's UK unit bmi for 172.5 million pounds ($270 million) in cash, it announced on Thursday, seeing off rival bidder Virgin in the race to grab loss-making bmi's much coveted runway slots at London Heathrow. The deal, agreed in principle in November, gives IAG another 56 daily take-off
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Giving parents of newborn premature babies some help in better understanding and interacting with their infants may make a difference in their children's behaviour by the time they are ready for school, according to a Norwegian study. Children born prematurely tend to have higher rates of behavioural problems, such as attention-deficit hyperactivity disorder (ADHD), than
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First indications on possible deposits of natural gas or oil in block 12 of Cyprus’ Exclusive Economic Zone (EEZ) are expected to be announced around Christmas, Minister of Commerce, Industry and Tourism Praxoula Antoniadou said. Antoniadou's comments came in the wake of press reports suggesting that block 12 natural gas deposits are approximately 8 trillion
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The government will turn the state-controlled Cyprus Stock Exchange (CSE) into a company, as a first step towards privatization, Minister of Finance Kikis KAzamias has said. ''The Council of Ministers adopted yesterday the Finance Ministry's proposal that will proceed with the change in the law on the Stock Exchange,'' he said, adding that initially the
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A proposed multi million joint development project between Qatar and Cyprus, in the capital Nicosia, will go ahead, Minister of Finance Kikis Kazamias has said. Kazamias visited on Wednesday the military barracks at the entrance of Nicosia, which will be demolished as part of the joint venture between the two countries. He said that the
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Part of a loan from Russia to Cyprus, amounting to 590 million euros, is expected by the end of December, Finance Minister Kikis Kazamias said here today. The Minister added that the second of the three installments of the 2.5 billion euro loan is expected by February next year. Replying questions about possible funding from
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With House Republicans under attack from friends and foes, U.S. Democrats held out for victory in a fight over extending a payroll tax cut for millions of workers that is set to expire at year's end. "He (House Speaker John Boehner) will cave," a senior Democratic aide flatly predicted, expressing the sentiment and hopes of
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Asian shares fell and the euro struggled on Thursday as doubts remained over how much of the funds that banks raised from an inaugural long-term European Central Bank tender will actually flow into struggling euro zone economies and help restore confidence. MSCI's broadest index of Asia Pacific shares outside Japan fell 0.7%, after climbing to
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Greece's technocrat Prime Minister Lucas Papademos will meet party leaders within days as he races against time to complete promised reforms before elections expected in February. Papademos, a former central banker, has to pass a set of reforms and restructure part of Greece's massive debt to meet the conditions of a 130 billion-euro ($170 billion)
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