France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis. President Nicolas Sarkozy and Chancellor Angela Merkel said after talks with Italian Prime Minister Mario Monti that they trusted the independent central bank and
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Britain said it will keep restrictions on the number of Romanians and Bulgarians allowed to work in Britain until the end of 2013 to avoid harming the jobs market at a time when unemployment is at a 15-year high. The decision means Britain will maintain restrictions on Romanian and Bulgarian workers for the maximum seven-year
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Euro zone citizens would support giving authorities the power to limit national governments' spending, ECB governing council member Athanasios Orphanides said on Thursday, adding that a failure to bring the debt crisis under control was making people poorer. In a November working paper published on the Web site of the central bank of Cyprus, Orphanides
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Delays in Turkey's negotiations to join the European Union are becoming "insulting", the country's president said on Wednesday, warning that support for EU membership among the Turkish people could be lost. President Abdullah Gul, on a state visit to Britain, said the majority of Turks still wanted to join the EU despite the slow pace
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* Wal-Mart, Old Navy, Kmart, Toys R Us, open on Thursday: Kohl's, Macy's, Target, Best Buy open at midnight * The holiday shopping season starts in earnest on Thursday, with retailers anxious to see how willing U.S. consumers are to spend despite an endless stream of scary headlines about the fragile economy and their own
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Russian tycoon Roman Abramovich's interest in building a new stadium for his Chelsea football club at Battersea Power Station in London has been revived after a bid by Malaysian firm SP Setia to buy into the red-brick pile was rebuffed. On Thursday, SP Setia told stock exchange Bursa Malaysia that Lloyds Banking Group and Ireland's
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Zlatan Ibrahimovic has inspired sportswear manufacturer Nike to create a jacket based on the tattoos on the Sweden and AC Milan forward's upper body. "Tattoos are an art form and were very suitable for this project," Nike Nordic PR manager Jeannette Francke told Swedish newspaper Aftonbladet. "It's a very personal jacket." Ibrahimovic will get to
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Zenit St Petersburg are set to face UEFA sanctions following crowd trouble during Wednesday's Champions League game against APOEL Nicosia. German referee Felix Brych was twice forced to halt the Group G match for several minutes — first late in the first half and again shortly after the interval — after home fans lit flares
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The number of conference tourism events and participants for 2010 has been increased according to the results of the “conferences and incentives survey” conducted for the fifth consecutive year by the Cyprus Tourism Organisation. An announcement issued today by CTO said that the survey results showed that the total number of conference tourism events held
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The euro zone is struggling to design a fired-up bailout fund capable of protecting Italy and Spain nearly a month after European leaders agreed on the plan, adding to concerns that the crisis has escalated too far for the fund to have an impact. Finance ministers are expected to finalise details on how to extend
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