Memorabilia telling the story of the Olympics from 776 BC to the modern-day speed machine Usain Bolt will go on display in London during the 2012 Games. Up to 400 artefacts, video and graphics will be on show in a free exhibition called "The Olympic Journey: the Story of the Games" at the Royal Opera
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Standard and Poor's cut Greece's rating to B from BB- on Monday, dragging it further into junk territory over concerns that a debt restructuring is increasingly likely. One year into its EU/IMF bailout, Greece is struggling with weak revenues and a deep recession, fuelling speculation that it will have to restructure its debt to pull
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Italian Prime Minister Silvio Berlusconi branded magistrates "a cancer of democracy" on Monday as he attended a hearing in one of the four trials he faces. "There is something incredible about this whole trial," Berlusconi said during a pause in the hearing of a case in which he is accused of bribing British lawyer David
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Apple has overtaken Google as the world's most valuable brand, ending a four-year reign by the Internet search leader, according to a new study by global brands agency Millward Brown. The iPhone and iPad maker's brand is now worth $153 billion, almost half Apple's market capitalization, says the annual BrandZ study of the world's top
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Stocks and commodities rose from last week's lows on Monday after solid U.S. payrolls data showed the economic recovery in the world's biggest economy was picking up momentum, though big gains may be limited as some sellers may be waiting for a sharper bounce to take profits. In a sign that markets were still cautious,
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President Bashar al-Assad has sent tanks deep into Syria's third city Homs, escalating a military campaign to crush a seven-week-old uprising against his autocratic rule. Syrians demanding political freedom and an end to corruption have held weeks of what they say are peaceful demonstrations in the face of government repression, despite a civilian death
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Egypt's military-led government faced a major challenge after two days of clashes between Muslims and Christians in which state media reported 12 people died and 238 were injured. Egypt's worst sectarian strife since 13 people died on March 9 when a church was burned was triggered by rumors Christians had abducted a woman who converted
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Concern about plans for a fundamental review of the bailouts given to Europe's high debtors hit European stocks on Monday and drove up the bond yields of troubled euro zone economies. Wall Street, however, looked set to open with gains. The euro itself rebounded from recent sharp losses. Commodity prices firmed, bouncing back from their
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Amid the gloom of the real estate statistics a brief glimmer of hope came with the data on local credit card spending in April, which showed a rise of 16% over the year earlier to EUR 164,284,290 , or EUR 164.3 mln. However, the euphoria was shortlived, as the credit card JCC company pointed out
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Turkish Cypriot plastic card spending in the south rose by 11.5% over the year earlier in April to reach EUR 1.49 mln, compared with EUR 1.33 mln in April 2010. For the first four months as a whole, spending rose by 13.7% to EUR 5.74 mln, according to our analysis of data produced by JCC
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