The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than first thought as power shortages curtail factory output and disrupt supply chains, the country's economics minister warned on Tuesday. The more sober assessment came as Japan raised the severity of its nuclear crisis at the Fukushima Daiichi nuclear

A two-day International Conference on European Copyright Law will take place on Thursday 14th and Friday 15th April at the University of Cyprus. Organised by the University of Cyprus and the Cyprus Chamber of Commerce and Industry and among others being sponsored by the governments of USA and France the Conference will be attended by

Minister of Finance Charilaos Stavrakis has said that banks should also contribute to the efforts of the government to achieve fiscal consolidation. He also assured that the seasonal increase of total state expenses will be overturned and said that by the end of the year it will be limited to 0%. Stavrakis was speaking before

The IMF sees new risks to the global economy from a rise in the price of oil and other raw materials, a senior German official said on Monday. Speaking ahead of a meeting of G20 ministers later this week at the spring meetings of the International Monetary Fund and World Bank in Washington, the official

GW Pharmaceuticals has signed up Novartis to sell its cannabis-based drug Sativex in a range of markets, marking a key endorsement for the treatment from the major Swiss pharmaceutical company. GW said Novartis will file and market the drug, which has been approved in some European countries and Canada as a treatment for spasticity due

– Strong quake in Japan rattles investors  European stocks dipped early on Monday as renewed worries that high commodity prices will bite into companies' results prompted investors to book recent gains following a brisk 3-week rally. A new earthquake of magnitude 7.1 in northeast Japan also rattled investors, while a one-meter tsunami advisory was issued

Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers from any future financial crisis, a government-commissioned report said. Shake-up proposals outlined on Monday appear harshest for Lloyds Banking Group, which may be forced to sell hundreds more branches in addition to the 600 already