. By Shavasb Bohdjalian The International Monetary Fund, the European Commission and the European Central Bank — known as the troika – are currently in Greece assessing how sustainable the country's debts are with conflicting reports on the one hand suggesting that Greece has not met its targets, hence it cannot qualify for the next
More
Qatar's exchange said on Monday it had signed a memorandum of understanding with the Cyprus Stock Exchange to formalise cooperation between the two markets. The two exchanges will cooperate in the exchange and dissemination of information including legal and technical content, as well as the promotion of the integrity of the markets, Qatar Exchange said.
More
The bumper Easter season for tourism that saw a 43% increase in arrivals was even better on the expenditure side. According to the results of the Passenger Survey, revenue from tourism jumped by 53.5% to EUR 136.7 mln in April 2011 compared with EUR 89.0 mln in the corresponding month of 2010. This brought total
More
The relentless rise in unemployment continues, with the number of unemployed people registered at District Labour Offices rising in seasonally adjusted terms by 3.3% in May. The absolute number of registered unemployed was 26,050, an increase of 5,467, or 26.6% compared with May 2010. The increase compared with the previous year was mainly in wholesale
More
. Superfast machines helped Chinese and German scientists decode the genes of Europe's deadly E.coli strain with astonishing speed — but on the front line in the war with bacteria, old-fashioned detective work is what counts. Finding the source of the infection that has killed 17 people will require laborious on-the-ground investigations by food safety
More
Jack Kevorkian, the assisted suicide advocate known as "Dr. Death" for helping more than 100 people end their lives, died early on Friday at age 83, his lawyer said. The American pathologist had been hospitalized in Royal Oak, Michigan, for two weeks with kidney and heart problems, said Mayer Morganroth, Kevorkian's attorney and friend. Kevorkian
More
The Bahrain Formula One Grand Prix, postponed in March due to violent civil unrest, will go ahead on October 30 with India moving to the end of the season, the governing FIA said on Friday. No date was set for the inaugural Indian race, which was originally scheduled for October 30, but it is most
More
Police in the U.S. border city of El Paso can thank criminals in Mexico for ridding them of one serious problem — teenage drug smuggling. Extreme drug war violence in the neighboring Mexican city of Ciudad Juarez is scaring U.S. teenagers off from bringing drugs over the border, once a common crime. In 2001, 162
More
U.S. employers hired far fewer workers than expected in May and the jobless rate rose to 9.1%, raising concerns the economy might be stuck in a painful slow-growth mode. Nonfarm payrolls increased 54,000 last month, the weakest reading since September, the Labor Department said on Friday. Private employment rose just 83,000, the least since last
More
* 300 Greek millionaires share €52 bln fortune * Construction and energy tycoon Efthyvoulos Paraskevaides, pharmaceuticals manufacturer Andreas Pittas and hedge fund manager Elena Ambrosiadou are the three wealthiest people in Cyprus, whose fortunes are equal to 5% of Cyprus’ GDP and have remained largely unaffected by the world financial crisis, according to the fourth
More