Britain is to overhaul its archaic libel laws to stamp out 'libel tourism' by wealthy individuals and corporations who flock to British courts to sue for defamation. Opponents of the current libel laws say they make it too easy for the rich and powerful to bring cases in Britain — or to use the threat
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London Olympic organisers were left red-faced on Tuesday when a huge clock in Trafalgar Square marking the countdown to the 2012 Games stopped just hours after being unveiled at a glitzy ceremony. The steel digital clock measuring 6.5 metres tall and five metres long froze with 500 days, 7 hours, 6 minutes and 56 seconds
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Nearly 15 mln people in the United States take care of a loved one with Alzheimer's disease or another form of dementia, amounting to 17 bln hours or more than $202 bln in unpaid care, Alzheimer's experts said on Tuesday. If these caregivers all lived in one U.S. state, it would be the nation's fifth
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Prospects on tourist trends from Russia to Cyprus in the coming summer season are exceptionally optimistic, according to President of the Cyprus Tourism Organisation (CTO) Alekos Orountiotis who led Cyprus' delegation to the 6th Tourist Exhibition of Moscow. In statements, Orountiotis said ''we have had contacts with big tour operators who specialize in Cyprus as
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Cypriots in their majority appear satisfied with their life on the whole, according to the regular Eurobarometer 74, which was carried out from mid-November to early December 2010 across Cyprus. According to a press release issued by the European Commission Representation in Cyprus, the results of the survey indicated that, while 82% of Greek Cypriots
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Japan warned radiation levels had become "significantly" higher around a quake-stricken nuclear power plant on Tuesday after explosions at two reactors, and the French embassy said a low-level radioactive wind could reach Tokyo within hours. Prime Minister Naoto Kan urged people within 30 km (18 miles) of the facility north of Tokyo to
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Morgan Stanley has increased its holding in Alpha Bank to 5.1% from 4.965%, the Greek lender said in a bourse filing on Monday, adding that the transaction was unsolicited. Alpha Bank rejected an all-share offer by larger rival National Bank to merge in February. It was the first move after calls by Greek officials on
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Former European member of parliament (MEP) Yiannakis Matsis and a Greek Cypriot refugee were released on Monday having spent two days in custody after a military court in the Turkish-occupied north of Cyprus fined them for trespassing. Matsis, who was accompanying a delegation of MEPs visiting the north to review the situation of destroyed cultural
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Cyprus and Israel share a challenge to work together in the name of science and technology, Israeli President Shimon Peres said on Monday, during a joint press conference with President of the Republic of Cyprus Demetris Christofias, who is on an official visit to Israel. Furthermore, Peres expressed hope that Cyprus would be reunited, noting
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Greek bank shares jumped 7% at Monday's open as investors welcomed the improved bailout terms for Greece agreed at the euro zone summit on Friday and yield spreads tightened. "Greece's economy got oxygen at the euro zone summit," said Takis Zamanis, chief trader at Beta Securities. "The favourable decisions are helping banks as the risk
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