Turkey's defence minister said on Tuesday he was misunderstood when he apparently praised the deportation of Greeks and Armenians after the fall of the Ottoman Empire as an important step in creating modern Turkey. Vecdi Gonul's statement during a ceremony to mark the death of the republic's revered founder Mustafa Kemal Ataturk on Monday may
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The Republic of Cyprus and the State of Qatar signed here Tuesday seven bilateral agreements to enhance cooperation between the two countries. The bilateral agreements were signed after talks at the Presidential Palace between President of the Republic of Cyprus Demetris Christofias and Prime Minister and Minister of Foreign Affairs of Qatar Sheikh Hamad bin
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Economic gloom overpowered financial markets again on Tuesday, sending stock and commodity prices lower as ebullience about China's $600 billion stimulus plan fizzled out. Bad news from corporate America — General Motors shares at a 62-year low, Goldman Sachs seen posting a first-ever quarterly loss, and No. 2 U.S. electronics retailer Circuit City's bankruptcy filing
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Weak economic readings from China, Japan and Britain and a grim corporate outlook worldwide reinforced fears on Tuesday of a prolonged recession, prompting investors to look to a world leaders' summit for solutions. Chinese import growth slowed in October and inflation fell to a 17-month low as domestic demand cooled, making it likely Beijing will
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The insurance businesses of U.S. billionaire investors Warren Buffet and Wilbur Ross are close to buying all or part of the U.S. bond insurance unit of Dexia, Belgian business daily De Tijd said on Tuesday. "The transaction is in the final stages, according to several sources," the newspaper said on its website. Belgian-French financial services
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Britain's global goods trade deficit narrowed more than expected in September as exports rose more than imports and the oil trade gap eased to its smallest in more than a year, official data showed on Tuesday. The Office for National Statistics said Britain's goods trade gap narrowed to 7.482 billion pounds in September from 8.026
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British house prices fell 5.1 percent on a year ago in September, the government said on Tuesday, in a further sign that the housing market is deteriorating. The Department for Communities and Local Government revised down its August reading to show a fall of 4.6 percent on the year, from a previously reported decline of
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Britain's top share index fell 1.9 percent early on Tuesday, tracking losses in the U.S. and Asia, as economic worries returned to the fore to hurt global markets, knocking oils, miners and banks. By 0920 GMT, the FTSE 100 index was 83.53 points lower at 4,320.39 after gaining 38.96 points, or 0.8 percent, on Monday.
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Dell Inc, struggling to recharge its lineup of consumer product offerings, indicated Monday that a digital music player is not in the computer maker's near-term plans despite speculation that such a product is in the works. Although Dell declined to comment specifically, the company said in a blog posting that its digital entertainment strategy "has
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The European Union decided on Monday to send a naval force to the coast of Somalia to combat piracy, after a unanimous decision of the Ministers of Defence of the 27 member states. Cypriot Minister of Defence Costas Papacostas, who participated in the Ministers of Defence Meeting in Brussels, said Cyprus has one of the
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