The global economy served up a mixture of green shoots and bitter herbs on Thursday, matching comments overnight from the U.S. Federal Reserve that the recession there appeared to be easing, but at no great pace. "Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is
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The European Commission urged estranged Cypriots on Thursday to seize a "historic chance" to reunite their island, split by a conflict spanning decades and troubling Turkey's bid to join the EU. "The time is now. Do not allow a situation where the younger generation will simply accept the status quo," EU Commission President Jose Manuel
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World stocks slipped on Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding to concerns about the sustainability of a recent recovery. The interbank cost of borrowing three-month euros fell by the most since Jan. 26 to mark a fresh record low, a day after the European
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Cyprus stopped two boats planning to carry aid to the Gaza Strip in defiance of an Israeli blockade from leaving port on Thursday, officials said. The U.S.-based Free Gaza Movement had been planning to take 33 activists to Gaza with medical supplies and cement, a material that Israel does not allow into the Palestinian territory
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The state will continue to support the University of Cyprus and the development of tertiary education in Cyprus in general, President Demetris Christofias stressed Wednesday night addressing the graduation ceremony of UCY. Strengthening higher education beyond a state target is also a due offering to Cypriot youth, President Christofias said. “We have already promoted many
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President of the European Commission, Jose Manuel Barroso, said now is the time to solve the Cyprus and urged President of the Republic Demetris Christofias, together with Turkish Cypriot leader Mehmet Ali Talat to continue their efforts for the reunification of the island. In statements after talks at the Presidential Palace, Barroso also said the
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Oil rose towards $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region. U.S. crude futures for August gained 27 cents to $68.94 a barrel by 0626 GMT, after falling to $68.11 earlier. London Brent crude rose 35
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World stocks slipped on Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding to concerns about the sustainability of a recent recovery. Government bonds were under pressure as the Fed kept to its $300 billion Treasury debt buyback programme after a two-day meeting on Wednesday. The U.S.
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Microsoft Corp, the world's largest software group, is still open to a partnership with search engine giant Yahoo Inc, Chief Executive Steve Ballmer said on Wednesday. "We remain open to a partnership with Yahoo," Ballmer told a seminar at the Cannes Lion 2009 advertising festival. Asked if a deal could be sealed in the next
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China's Foreign Ministry on Thursday accused Google's English language search engine of spreading vulgar content that violated the nation's law. Chinese Foreign Ministry spokesman Qin Gang did not directly answer a question about whether government action was responsible for recent disruptions in access to Google sites from within China. But he made plain the government's
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