Turkey aims to raise trade with China to $50 billion from a current $17 billion over the next five years, Prime Minister Tayyip Erdogan said on Friday at a joint news conference with visiting Chinese Premier Wen Jiabao. Erdogan also said energy cooperation on nuclear power will form part of the burgeoning trade with China.

Jailed Chinese pro-democracy activist Liu Xiaobo won the Nobel Peace Prize on Friday for decades of non-violent struggle for human rights, an award that Beijing had anticipated and bitterly criticised. The prize puts China's human rights record in the spotlight at a time when it is starting to play a bigger role on the global

Minister of Finance Charilaos Stavrakis said today that investment from Cyprus to Russia will mark an increase, after the signing of an agreement to avoid double taxation between the two countries. The Minister described the agreement as “very important” and “very beneficial for the two countries”. Speaking at the Cyprus-Russia Business Forum held today in

The opening ceremony of Limnitis crossing point to be held on Thursday, 14 October, at 10 a.m, will take place at the presence of the leaders of two communities in Cyprus while the European Commissioner for Enlargement will also attend the event, an official announcement says. According to the announcement , Greek Cypriot leader Demetris

Britain's Thomas Cook and the Co-operative Group are to merge their high street and foreign exchange business to create the country's largest retail travel network, they said on Friday. Thomas Cook, which last week announced a cost-cutting programme to prepare for expected tough conditions in its home market, said the merger will result in savings

The Bulgarian parliament rejected on Friday the first no-confidence motion against the year-old centre-right government, which was accused by the opposition of failing to overhaul the ailing health care sector. The minority cabinet of Prime Minister Boiko Borisov backed by right-wing parties survived the challenge as expected, with 144 lawmakers voting against the motion and

Oil fell on Friday, erasing gains for the week, as the dollar strengthened on speculation the U.S. jobs market may have emerged from a soft patch, putting into question the urgency of further monetary stimulus. U.S. crude for November fell for a second day, shedding as much as 52 cents or 0.6% to $81.15 a

China's key stock index climbed 3.3% on Friday morning after the week-long National Day holiday, catching up with firmer global markets and as stronger commodities prices bolstered metals and mining issues. The Shanghai Composite Index was up 3.3% by the midday break at 2,742.8 in heavy volume as the benchmark vaulted past the 2,700 level