President of the European Commission Jose Mannuel Barroso met Tuesday in Brussels Cypriot President Demetris Christofias, to whom he expressed his full support for the ongoing efforts to reach a solution of the Cyprus problem. In statements to journalists after his meeting with Barosso, President Christofias said they agreed that Brussels would offer its expertise
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The Republic of Cyprus and the Russian Federation have signed a Memorandum of Cooperation in tourism. The Memorandum formalises the agreement achieved between the Cyprus Tourism Organisation (CTO) and the hosts of the Russian Tourism Exhibition Intourmarket, and concerns the participation of Cyprus as an honorary participant and collaborator in the exhibition which will take
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Democratic presidential candidate Barack Obama leads Republican rival John McCain by 14 percentage points, with three weeks to go until the U.S. election, a CBS News/New York Times poll showed on Tuesday. Obama had 53 percent support to McCain's 39 percent in the national opinion poll, CBS News said. Obama's lead was 3 points higher
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European Union nations are set on Wednesday to back calls for a root-and-branch overhaul of the world's financial structures in a bid to ensure no repeat of the worst credit crisis since the 1930s Great Depression. EU leaders meet in Brussels just days after finally breaking a free-fall in global markets with a concerted 2.2-trillion-euro
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LONDON, Oct 15 (Reuters) – Some of Britain's banks are urging the government to lift a ban on dividend payments imposed as part of its 37 billion pound ($65 billion) bail-out of the crisis-hit sector, newspapers reported on Wednesday. Royal Bank of Scotland, HBOS and Lloyds TSB — the three lenders participating in the state
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Chiu Hei-chun spent 50 years washing dishes at a roadside stall in Hong Kong only to lose his life savings when Lehman Brothers went belly up. "I saved it (HK$520,000) bit by bit. It was meant for my wife and I, for our medical bills and our coffins after we die so we won't have
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Most Asian stock markets fell 1-3 percent while gold rose on Wednesday on investor worries of lower corporate earnings in a weakening global economy, even as money markets continued to heal gradually. Major European share markets were expected to open as much as 2 percent down , according to financial bookmakers, after the FTSEurofirst 300
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More Britons are expected to have joined the dole queue in September than in any month since December 1992 as the economic slowdown deals the job market an increasingly heavy blow. Analysts expect official figures on Wednesday to show the claimant count for unemployment rose by 35,000 last month — the eighth consecutive monthly rise
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Eurogroup Chairman Jean-Claude Juncker said on Tuesday the financial crisis was not yet over despite stock price jumps in the last two days as governments moved to bail out the stricken financial sector. "Despite the positive reactions on the stock markets in the last two days, there is no reason to proclaim the end of
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By Myles Neligan and Steve Slater (Reuters) The UK government's bank bailout scheme seems to have triggered a palpable change in financial market sentiment but it leaves the UK taxpayer massively exposed to potentially risky assets. Under the scheme, the government will own or part-own lenders controlling nearly 3 trillion pounds in assets and almost
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