The British transfer record was smashed twice on Monday as Liverpool sold Fernando Torres to Chelsea but raided Newcastle United for an immediate replacement in the shape of burly England frontman Andy Carroll. The two strikers, together with Benfica defender David Luiz who also joined Chelsea on deadline day, took spending in the final hour

Google Inc launched a special service to allow people in Egypt to send Twitter messages by dialing a phone number and leaving a voicemail, as Internet access remains cut off in the country amid anti-government protests. "Like many people we've been glued to the news unfolding in Egypt and thinking of what we could do

– Minister of Communications and Works Erato Kozakou Marcoullis expressed certainty on Monday that ''shipping will recover from the current crisis,'' noting that ''it is by far the most efficient form of transportation and inevitably, when the demand for goods and raw materials recovers, shipping will flourish again.'' In a speech at the 2nd Annual

The European Commission has adopted an action plan to help reduce the number of young people leaving school early. The action plan intends to help member states to achieve the Europe 2020 headline target of reducing the EU average rate of early school leavers to under 10% from the current level of 14.4%, by the

Cyprus might be a small country and its honorary excellences might not be internationally known, but it is my country and the honour is extremely important for me, Nobel Prize Winner Christoforos Pissarides said accepting tonight the Grand Cross of the Order of Makarios III, Cyprus’ highest award. President of the Republic of Cyprus Demetris

The Spanish government reached an agreement with main labour unions and business groups late on Monday to lay the way for a comprehensive package of further reforms to stimulate a weak economy. The pact between the three groups was widely expected after they agreed to pension reform on Friday that will raise the retirement age

Israeli police questioned the chief executive of Bank Hapoalim regarding a loan given to the bank's former chairman Dan Dankner, Israel's second-largest bank said on Tuesday. The bank in a brief statement to the stock exchange said CEO Zion Kenan was questioned on Monday regarding approval of the loan, which was extended by the bank

Support is growing in the euro zone for the idea of giving Greece more time to pay back its EU bailout in an effort to avoid a default, although details still have to be pinned down. German Finance Minister Wolfgang Schaeuble, whose country is pivotal to any solution as Europe's strongest economy, did not rule