– China's art market boom also impacts memorabilia – Appetite stimulated by money and a more open society – $500 Michael Jordan basketball sells for $294,000 The art world shook last February when a report by The European Fine Art Foundation (TEFAF) revealed that China had overtaken the United Kingdom to become the world's second largest
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The problems faced by the global shipping industry due to piracy at sea, mainly in the region of Somalia, were the focus of the International Conference on ''Maritime Cyprus 2011'' the deliberations of which started in Limassol. Minister of Foreign Affairs Erato Kozakou-Marcoullis in her speech at the Conference said that “the International Maritime Organization
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A posthumous Michael Jackson album entitled "Immortal" is to be released in November featuring newly discovered outtakes and redesigned versions of some of his biggest hits, Epic Records said on Monday. The album, released in conjunction with Jackson's official estate, will feature an alternative version of the Jackson 5 hit "ABC," medleys of Jackson's chart-topping
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Prosecutors in the manslaughter trial of Michael Jackson's doctor sought to prove on Monday that his physician misled hospital doctors on the day of the singer's death, and was busy on his phone around the time the pop star stopped breathing. Los Angeles hospital doctors testified that Jackson was already dead when he arrived there
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Euro zone finance ministers are reviewing the size of the private sector's involvement in a second international bailout package for Greece, a move that could undermine the aid programme and hasten the threat of a Greek default. Ministers also agreed after a meeting in Luxembourg that Greece could wait until mid-November until it receives the
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Global stocks fell to a 15-month low on Tuesday, pinning Asian stocks near a 16-month low, as investors shed riskier assets on growing doubts over Greece's ability to avoid default, fuelling fears of global financial turmoil and recession. Fears over the banking sector's exposure to euro zone sovereign debt and plummeting value of assets across
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Cyprus president Demetris Christofias said he will not resign over the findings of an independent inquiry that placed most of the blame for a deadly blast last July on him. All political parties, apart from his own communist Akel, have called for his resignation while large crowds demonstrated peacefully in front of the presidential
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Apple looks set to unveil a new iPhone on Tuesday after a 15-month hiatus, hoping to fend off hard-charging rivals running Google Inc's Android and safeguard its lead with the fifth incarnation of the iconic device. Newly appointed CEO Tim Cook will do the honors this time from Apple's headquarters, running the first major product
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College students' Facebook pages may hold clues as to which of them are at risk for alcohol dependence and abuse, according to a U.S. study. Researchers led by Megan Moreno from the University of Wisconsin-Madison found that students who had pictures or posts about getting drunk or blacking out were more likely to be at
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A one-man independent inquiry concluded that Cyprus President Demetris Christofias is "mainly" to blame for negligence leading to the blast of poorly-stored munitions on July 11 that destroyed the island’s largest power station killing 13 seamen and firefighters. Former Defence and Foreign ministers Costas Papacostas and Markos Kyprianou also took a share of the blame for
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