Cyprus’ Socialists Party, EDEK Social Democrats’ Movement, decided Monday night to withdraw from the government coalition. The decision was taken by EDEK Central Committee, with 115 votes in favour, eight against and three abstentions. EDEK President Yiannakis Omirou talked about his party’s ''total disagreement'' with Cypriot President Demetris Christofias' strategy on the Cyprus problem. Omirou
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Cyprus humanitarian aid arrived on Monday to earthquake-stricken Haiti on a Hellenic Imperial Airways Boeing 747 aircraft carrying humanitarian aid, comprising 50 tons of pharmaceutical supplies, foodstuffs and tents. The aid has already been collected by the six-member mission from the Volunteer-Doctors-Cyprus and the Greek doctors that are in Port au Prince. Greek Deputy Foreign
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Asian shares broadly rose on Tuesday, led by Taiwan and South Korea, and the euro staged a small rebound from its recent drubbing, but Japan and Australia fell as investor sentiment remained weak on euro zone fiscal concerns. Share markets in Britain, France and Germany were forecast to open as much as 1 percent down,
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Lebanese President, Michel Suleiman, will pay an official visit to Cyprus later this week, a Lebanese embassy official told CNA today. On Friday the President of Lebanon will have separate meetings with President of the Republic of Cyprus Demetris Christofias and President of the House of Representatives Marios Garoyian. Suleiman will visit the cease-fire line
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Cyprus’ Socialists Party, EDEK Social Democrats’ Movement, decided last night to withdraw from the government coalition. The decision was taken by EDEK Central Committee, with 115 votes in favor, eight against and three abstentions. In his speech, EDEK President Yiannakis Omirou talked about his party’s ''total disagreement'' with Cypriot President Demetris Christofias' strategy on the
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British retail sales recorded their worst performance for the month of January in at least 15 years, a survey showed on Tuesday, even as separate figures showed house prices extended their recent rise. The British Retail Consortium said the value of sales last month was 0.7 percent lower than a year ago when measured on
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Asian share markets struggled to hold firmer ground on Tuesday but won some respite from recent losses, while the euro rose tentatively as investors took a break from selling it off over fiscal concerns in the euro zone. The MSCI index of Asian shares outside Japan slipped 0.2 percent after dipping to a five-month low,
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The Bank of England looks set to leave the door open to further monetary easing and admit the recovery may be weaker than it had hoped when it publishes new quarterly forecasts on Wednesday. In November, the central bank's modal growth projections suggested annual growth of 2.2 percent in 2010, rising to an even punchier
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Worries about Greek sovereign debt and a potential spillover elsewhere rattled financial markets again on Monday, squelching a tentative recovery by both European shares and the euro. Stock markets were generally lower, the euro lost its early gains and Wall Street looked set to open flat to lower down. World equities as measured by MSCI
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Falls by energy stocks and financials, unsettled by persistent market jitters, outweighed gains from defensive drugmakers and tobacco stocks to push Britain's top share index slightly lower by midday on Monday. By 1220 GMT, the FTSE 100 index was 10.20 points lower at 5,050.70, retreating from strong gains earlier in the session after closing 78.39
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