A committee of Greek MPs failed to agree on Wednesday on whether a former minister should stand trial in a bribery scandal, leaving parliament to resolve the case in a vote that could trigger an early election. Parliament, where the conservative government clings to a one-seat majority, is expected to vote next week on the
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Libya is interested in participating in Cyprus Energy Center, in supplying Cyprus with natural gas and in investing in the energy sector in Cyprus, Libyan Minister of Petroleum Shokri Ghanem has assured. Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides and Libyan Minister of Petroleum Shokri Ghanem hold a meeting here today and discussed
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Germany confirmed its first case of swine flu on Wednesday, the eighth country where the virus has been found, but reported deaths remained confined to Mexico nearly a week after the threat of a pandemic emerged. Mexico's government says up to 159 people have been killed by the virus there. Cases of swine flu have
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Stock index futures pointed to a higher start for Wall Street on Wednesday, ahead of GDP data. At 0902 GMT, futures for the Dow Jones, S&P 500 and Nasdaq were up between 0.6 and 0.7 percent. * The FTSEurofirst 300 (.FTEU3) index of top European shares was up 0.5 percent at 805.38 points, with Banco
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Britain's Home Retail posted a 24 percent drop in annual profit on Wednesday and warned weak consumer demand and a lower pound could lead to an even bigger fall this financial year, knocking its shares. The owner of catalogue-based Argos stores and the Homebase do-it-yourself chain said it would raise prices, cut costs and curb
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World stocks rose on Wednesday and government bonds and the low-yielding yen fell as forecast-beating earnings from European companies spurred share buying ahead of key U.S. growth data. French tyre maker Michelin rose 6.8 percent after it posted first-quarter sales slightly higher than expected and said it was well on track toward generating positive free
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With signs the deep U.S. economic swoon may be easing, Federal Reserve policy makers appear ready to hold off new measures to flood the economy with money while keeping interest rates steady near zero on the final day of a two-day meeting on Wednesday. The Fed's interest-rate setting Federal Open Market Committee is due to
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The head of the $700 billion rescue fund created to restore the U.S. financial system will likely make Friday his last day on the job, The Washington Post reported. Neel Kashkari has taken the brunt of Congress' criticism of the bailout program but is credited with helping keep the country out of a complete financial
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Microsoft has responded to EU antitrust charges that it sought to thwart rivals by bundling its web browser with its Windows PC operating system, the European Commission said on Wednesday. "We will study it carefully," a Commission spokesman said. The European Union executive charged the U.S. software giant on January 15 with infringing EU rules
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Nokia Oyj said on Tuesday it would combine its different Internet services tighter together as the world's top cellphone maker tackles Apple's hugely succesful App Store. To cope with slowing phone demand Nokia is building a new business from mobile Internet services — like games or maps — but is scaling back separate investment plans
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