By Alison Bevege The white sandy beaches, wildlife and tropical climate of East Africa are losing their attraction for long-distance visitors facing recession and unemployment as a result of the global financial crisis. To Europeans and North Americans, it is a remote and expensive destination, and one of the first to be dropped from holiday
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Asian stocks edged up on Wednesday supported by the top U.S. Treasury official saying most banks have adequate capital, but caution was likely to reign until official results of "stress tests" were released on May 4. Treasury Secretary Timothy Geithner said most U.S. banks have enough in reserve to keep lending, but the yen and
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Africans and Roma face acute discrimination in the European Union but little of it gets reported to the authorities because victims don't believe any action will be taken, an EU report said on Wednesday. It said about 55 percent of minority residents and migrants felt ethnically-inspired bias was widespread, but of the 12 percent who
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Turkish Cypriot hardliners who swept to victory in parliamentary elections this week must support the peace process with Greek Cypriots, Turkish Prime Minister Tayyip Erdogan said. Turkish Cypriot leader Mehmet Ali Talat, whose allies were routed in the vote, said the peace talks would not be affected. Their fate holds the key to Turkey's aspirations
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A European Union laboratory will prepare a new control protocol on scrapie to confirm the genetic resistance of goats in Cyprus to the disease, according to Commission sources. A decision to this effect was taken at a meeting in Brussels which has asked the Community Reference Laboratory to prepare the protocol, aiming at gathering more
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Greek Prime Minister Costas Karamanlis arrives for a two-day official visit Wednesday, timed to coincide with the outcome of the Turkish Cypriot assembly election on Sunday. Karamanlis, accompanied by his wife Natassa and Foreign Minister Dora Bakoyianni, as well as other officials, will arrive at 1pm and will be welcomed at Larnaca airport by President
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— 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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