Warren Buffett attacked the government's stress tests of 19 large U.S. banks, saying they failed to properly assess the industry's health, and that he would buy more shares in three big banks Berkshire Hathaway Inc already owns. The world's second-richest man also said Berkshire, which generates about half its business from insurance, would consider writing
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President of the Republic Demetris Christofias has said that Turkey is responsible to a great extent for the destruction of the cultural heritage in the Turkish occupied north of Cyprus. He was speaking during an exhibition in London’s Gallery K of 23 artists, including Cypriots and British, inspired by photographs of churches and other holy
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The European People’s Party has called on Turkey to withdraw its troops from Cyprus and allow the leaders of the island’s two communities to negotiate freely their country’s future. In the conclusions of the party congress, in Warsaw, the EPP “stresses the need for a comprehensive settlement in the Cyprus question, based on UN Security
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The Ministry of Health remains in readiness regarding the novel influenza virus (H1N1), as the number of cases increases globally on a daily basis. According to an official announcement issued on Sunday, the Ministry’s Management Committee, dealing with novel influenza issues, is in continuous contact with all the international organisations and bodies concerned and is
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Asian stocks punched to a seven-month peak on Monday, fuelled by confidence the global economy is recovering faster than expected and a further jump in Taiwanese shares on hopes for an influx of Chinese investment. Taiwan's benchmark TAIEX index soared 5.6 percent, taking gains to 12.8 percent in just two days as investors see a
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China's manufacturing sector posted its best performance in nine months in April, a private survey showed on Monday, offering fresh evidence the global economy may be picking up from its sharpest slump in six decades. The latest sign of "green shoots" from the world's third largest economy came as Asian stock markets cheered Friday's U.S.
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Walt Disney Co will buy a 30 percent stake in Hulu.com, bringing popular TV shows such as "Lost" and "Grey's Anatomy" to the video website founded by NBC Universal and News Corp. Disney's entrance, which comes after months of negotiations, means that three of the four major U.S. broadcast networks now have stakes in Hulu:
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Oracle Corp, the world's No. 2 business software maker, plans to expand its small line of programs that companies access via the Web, said a person familiar with the strategy. The person, who was not authorized to publicly discuss the plan, said that Oracle is developing Internet-based programs to help businesses manage human resources functions
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Mexico's flu outbreak appeared to be easing with a fall in serious cases, the government said, but world health officials still say the unpredictable virus could still become a pandemic. Here are details of the latest number of worldwide cases of the new strain of the H1N1 flu virus: COUNTRY DEATHS CONFIRMED CASES SUSPECTED CASES
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U.S. consumers felt much more upbeat about the economy in April, a month when the nation's manufacturing sector also appeared to be crawling out of a deep recessionary hole, reports showed on Friday. The news was fresh evidence that the U.S. economy is on a slow path to recovery on the back of a huge
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