Cypriot tennis player Marcos Baghdadis recorded his second Top 10 win in three weeks on Thursday in ATP Cincinnati Masters, as he defeated World No. 7 Tomas Berdych 7-5, 6-4, to reach the quarter-finals of the Western & Southern Financial Group Masters. Baghdadis also defeated a Top 10 player two weeks ago in Washington, where
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. Investors other than ordinary shareholders would take a loss before banks are bailed out by taxpayers or fail under a new proposal from the Basel Committee of global banking regulators. The proposal, unveiled on Thursday, is part of wide-ranging measures regulators have been planning to reshape the financial system and avoid a repeat of
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. The Russian drought has intensified a debate about food security in a warming world and helped frame a multi-billion-dollar takeover bid for fertiliser company Potash Corp as a bet on rising food prices. Aid agencies and other experts say world farming needs exceptional investment, and perhaps some luck, to feed the world's growing population
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Britain's Lloyds is closing its Irish business banking operation and effectively pulling out of the country in the latest blow for a local industry ravaged by bad debts and recession. Lloyds shuttered its 44-branch retail business, Halifax, in Ireland earlier this year and said on Thursday it had changed its mind about maintaining its business
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Students performed better than ever in A-level exams, results showed on Thursday, with more than 8% achieving the new A-star (A*) grade, but many still face a struggle to get into university. Despite record performances, experts warn that more than 150,000 students could miss out on university despite getting the appropriate grades because of a
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The European Commission said on Thursday Greece met qualifying conditions for the next, 9 bln euro tranche of euro zone financial aid it is due to receive in September. "The Commission considers that the broadly positive evaluation of the conditions imposed on Greece opens the way for the next phase of lending," the EU executive
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European shares rose on Thursday after confidence was boosted by Germany's Bundesbank raising its forecast for the country's economic growth this year, with banks and miners among the biggest gainers. By 1059 GMT, the FTSEurofirst 300 index of leading European shares was up 0.6% at 1,058.80 points, rebounding from falls earlier in the day in
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Gregoris Xenofontos, the fourth suspect in the murder case of Andis Hadjicostis, managing director of the Dias media group, was extradited to Cyprus late Wednesday evening from Moldova where he fled after the murder in January. A remand order is expected to be issued when Xenophontos appears before court on Thursday. He was arrested in
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The number and the gross tonnage of ships registered under the Cyprus flag dropped in the first six months of 2010, compared to the corresponding period a year ago. The number of registered ships was 1843 up until June 30, or 13 vessels less, according to the Department of Merchant Shipping (DMS), compared to the
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A mild recovery of 2% was recorded by state revenue in January – July compared with the corresponding period of 2009. Property and capital gains tax led the state revenue for the first seven months of the current year up 14.78 mln euros despite the 14% drop in revenue from corporate tax. According to the
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