— Talat disappointed with election results Discussion on the economy was the focus of Tuesday’s 26th meeting between President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat held within the framework of the direct negotiations that started on September 3. As the UN Secretary General's Special Adviser on Cyprus Alexander Downer said after the
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The Association for Social Reform, Opek, will host four young candidates vying for a seat in the June 6 European Parliament elections, to a public debate at the Journalists’ House in Nicosia at 7pm tonight, April 22. Opek has invited Simos Angelides (Diko), Demetris Papadakis (Edek), Christoforos Phokaides (Disy) and Christos Christofides (Akel) to an
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The European Central Bank is holding talks with the Bank of England on extending its new stock and bond settlement system beyond the euro zone under a plan to slash trading costs, an ECB policymaker told Reuters. ECB Executive Board member Gertrude Tumpel-Gugerell urged the BoE to allow sterling to be among the currencies used
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The Bank of England's forecast of a recovery later this year is showing signs of fruition, a central bank policymaker said on Tuesday, and the BoE detected a new readiness by some big lenders to boost credit to business. Britain's annual living costs fell in March for the first time since 1960 but analysts said
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British Prime Minister Gordon Brown has lost support for his handling of the economy, two polls showed on Tuesday, the eve of what is expected to be one of the bleakest budgets in decades. With an election due by June 2010, the ICM survey for the Guardian newspaper said 35 percent of voters trusted Brown
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The European Commission said on Tuesday it had proposed giving Romania 5 billion euros in financial assistance to help Bucharest deal with the effects of the financial crisis. Romania secured a 20 billion euro aid package last month from the EU and International Monetary Fund to help it thwart a financing crisis and stabilise its
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The EU's executive European Commission has been stepping up the pace on proposals for financial regulation reform to make markets safer for investors. The United States is looking at similar measures as part of wider global efforts spearheaded by the G20 group of industrial and developing countries. This week, the European Parliament meeting in Strasbourg,
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European shares fell by midday on Tuesday in choppy trade as declines in bank stocks offset gains in defensives led higher by record earnings from British retailer Tesco. At 1117 GMT, the FTSEurofirst 300 index of top European shares was down 0.75 percent at 780.37 point, having fluctuated between 0.73 percent lower and 0.8 percent
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World stocks sold off on Tuesday and Wall Street looked set to open lower after a more than one-month long rally lost some of its immediate fiz due to renewed worries about the state of the banking industry. Shares fell despite growing signs of confidence among German investors and solid earnings from Tesco, one of
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German economic sentiment jumped on Tuesday, a clutch of central bankers detected signs of stabilisation ahead and retail giant Tesco shrugged off global malaise to post bumper profits. Recent improvement in some economic data and company results had propelled stocks on a six-week rally until Monday, when spiralling credit losses at Bank of America brought
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