The domains of education and culture constitute the best investment for progress in the social, economic, intellectual and cultural fields in Cyprus, Minister of Education and Culture Andreas Demetriou has said. Addressing a press conference on the occasion of the 18th International Education Fair, in Nicosia, Demetriou said this year's fair, titled ''Educational Reform
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European Union foreign ministers will condemn the repression of anti-government protests in Libya, according to the draft of a joint statement to be agreed at their meeting later on Monday. "The Council condemns the ongoing repression against peaceful demonstrators in Libya and deplores the violence and the death of civilians," said the draft statement made
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— Alpha rejects offer, not in shareholder interest — National Bank of Greece kicked off a government-sponsored consolidation of the sector with an all-share bid for third-largest lender Alpha Bank, valuing it at around 3 bln euros. But the move by Greece's biggest bank was quickly rejected by Alpha, which said the 8-for-11 share offer
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— Libyan troops, Bahrain security clamp down — U.S. President Barack Obama urged the governments of Bahrain, Libya and Yemen on Friday to show restraint in dealing with protests that have erupted in their countries. "I am deeply concerned by reports of violence in Bahrain, Libya and Yemen. The United States condemns the use of
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European shares ended flat near 29-month highs on Friday, with mining stocks among the top fallers after China once again tightened monetary policy in an attempt to rein in inflation. A report citing European Central Bank policymaker Lorenzo Bini Smaghi repeating its readiness to raise interest rates if needed also weighed and the FTSEurofirst 300
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World shares hit fresh 30-month highs on Friday, driven by bullish views of both economic growth and corporate earnings, although gains were threatened by rising oil prices linked to Middle East tension. Brent crude rose above $103 a barrel, as unrest spreading across the Middle East fanned fears of a supply disruption in the major
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Britain's top shares eased back from recent highs on Friday, as rising concerns over political unrest in the Middle East and North Africa prompted investors to sell out of miners and net recent profits among banks. The FTSE 100 was down 8.55 points. or 0.1 percent, at 6,078.83 by 0908 GMT, having closed 2 points
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Standard & Poor’s has revised its outlook on Greece’s Fage Dairy Industry S.A. from ‘stable’ to ‘positive’ and affirmed its 'B-' long-term corporate credit rating on the company. In a statement released on Friday, the ratings agency said that Fage's solid operating performance in the U.S. will continue to more than offset the decline in
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Brent crude oil eased towards $102 a barrel on Friday, as prices consolidated after hitting 2-½ year peaks this week, but sentiment was underpinned by spreading unrest across the key oil-producing Middle East region. U.S. crude also fell, but held above $86 a barrel, after jumping more than $1.00 the previous day. Parts of the
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The Swiss franc held near two-week highs on Friday, having powered higher on mounting Middle East tensions, while the U.S. dollar lost steam, putting its rebound this month from a three-month low at risk. The Swiss currency, traditionally sought in times of heightened geopolitical tension, stayed near two-week highs versus the dollar and euro as
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