Stocks extended declines on Monday as the collapse of a joint venture between Kuwait and Dow Chemical threatened to unravel one of the large merger deals of the year and overshadowed gains in energy shares. * Dow Chemical tumbled nearly 20 percent the day after Kuwait's decision to end a $17.4 billion petrochemical joint venture,
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The kind of ratings used for films could be applied to websites in a bid to better police the Internet and protect children from harmful and offensive material, Britain's minister for culture has said. Andy Burnham told The Daily Telegraph newspaper, published on Saturday, that the government was planning to negotiate with the administration of
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The light from an MP3 player saved two lost tourists from a chilly night stuck out in the snowy Swiss mountains, rescue authorities said Saturday. The two — a skier and snowboarder, both from France — had got lost late in the day Friday outside marked runs near the resort of Savognin in southeast Switzerland,
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By Daniel Trotta Cynthia Goldrick's daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home for the elderly. So when the Goldrick family's adjustable rate mortgage reset while husband Patrick was off work for a job-related injury, it eliminated
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By Christian Lowe Russian Prime Minister Vladimir Putin's determination not to slash the rouble's value comes at a price: it could send the spluttering economy even faster into recession, fuelling the public discontent he set out to avoid. Despite intense pressure on the rouble from falling world oil prices, Putin has ruled out any sharp
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A four-year project to clear landmines from a buffer zone in war-divided Cyprus could end next month due to a lack of funds, a United Nations-backed agency said on Monday. The Mine Action Centre (MAC) started work in the 180 km-long (111 mile) buffer zone separating Cyprus's Turkish and Greek Cypriot communities in Nov. 2004.
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Mayor of the fenced off town of Famagusta Alexis Galanos has participated in the 13th General Assembly of the Euro Mediterranean Partnership of Local and Regional Authorities (COPPEM), on behalf of the Union of Municipalities and Communities. In his address to the meeting, he highlighted the illegal immigration and settling, which are the result of
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The Republic of Cyprus has increased security measures at embassies of Middle East countries, after the escalation of violence in Gaza, Loucas Louca, Minister of Justice and Public Order has said. Speaking here today after a meeting with the Police leadership, Louca noted that the Republic of Cyprus is ready to confront any situation that
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European shares rose in thin midday trading on Monday, as heavyweight energy stocks added most points to the index, supported by higher oil prices that were boosted by the conflict between Israel and Hamas. At 1135 GMT, the FTSEurofirst 300 index of top European shares was up 0.9 percent at 810.64, after closing 0.5 percent
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Britons injected more equity into the housing market in the third quarter of this year than at any time since records began in 1970, Bank of England figures showed on Monday. The figures highlight the extent to which credit is being restricted and will put further downward pressure on consumer spending. Households injected a net
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