A Cypriot court on Tuesday postponed the extradition of a suspected international jewel thief thought to be part of a Balkan criminal gang known as the "Pink Panthers". Global police agency Interpol suspects 41-year-old Rifat Hadziahmetovic, from Montenegro, is a member of the Pink Panthers, a loose association of about 200 criminals blamed for a
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Oil rose towards $50 a barrel on Tuesday, heading for its largest monthly and quarterly gain since June 2008, gaining a lift from rising stock markets and a weaker dollar. European stocks gained, with banks and drugmakers taking the lead, following a rise in Asia. A weak dollar can increase the appeal of oil and
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Bank of Cyprus International Banking Services (IBS), the Division providing banking and other financial services to the international clientele of the Bank, announced that Cyprus Certification Company, an official accreditation body for ISO 9001 standards, granted Bank of Cyprus International Banking Services and its branches, the International Business Units (IBUs), ISO 9001:2008 certification for their
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World Bank President Robert Zoellick announced a $50 billion global trade liquidity program on Tuesday and urged G20 leaders to support the effort to reverse a sharp drop in trade due to the global economic crisis. In a Newsmaker speech at Reuters ahead of the Group of 20 summit in London, Zoellick said the World
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World stocks looked set on Tuesday to achieve their best monthly performance in more than six years in March, while commodity prices also rose and the Japanese yen fell. The MSCI World index strengthened 0.6 percent and was on course to record its biggest monthly rise since October 2002. But the global stock index is
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Britain's top share index rose 2.4 percent early on Tuesday, as miners and energy stocks gained on recovering commodity prices and retailers rallied after a trading update from Marks & Spencer. By 0813 GMT, the FTSE 100 had added 90.02 points to 3,852.93, having slid 3.5 percent, or 135.94 points, in the previous session. On
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Britain's economy will shrink by 3.7 percent this year, its fastest pace of decline since World War Two, and the government has little room for more fiscal support, top international researchers said on Tuesday. The Organisation for Economic Cooperation and Development, a Paris-based thinktank funded by 30 countries including Britain, said the UK economy was
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Cyprus Minister of Communications and Works Nicos Nicolaides discussed during the EU Transport Council the issue of Turkey’s refusal to allow Cypriot aircrafts to use its air space. Nicolaides met on the sideline of the Council meeting with European Commission Director of Air Transport Daniel Calleja, with whom he discussed Turkey’s refusal to allow the
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Microsoft Corp has signed up multiple software partners for its upcoming cellphone software marketplace, including Web music service Pandora, game publisher Electronic Arts Inc and social site Facebook. The software company said on Tuesday it plans to discuss those partnerships and conduct demonstrations of the software store — set to launch later this year —
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Microsoft Corp. is to exit its Encarta encyclopedia business later this year after losing ground over the years to freely available reference material on the Internet on web sites like Wikipedia. "People today seek and consume information in considerably different ways than in years past," the software maker said in a notice posted on its
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