Cyprus is expected to make a dramatic U-turn on Saturday to avert the imminent threat of financial meltdown, having signalled it is willing to tax big savers in its stricken banks to clinch a bailout from the European Union. The island's partners in the 17-nation euro zone scheduled a meeting for Sunday in Brussels, in a strong sign they believe a solution is near. ...
06:40 AM, Mar 23, 2013
The European Commission on Friday expressed relief over the end of a diplomatic stand-off between India and Italy over marines issue. The commission took note of the decision of the Italian authorities to send back to India the two marines, Massimilian Latorre and Salvatore Girone, but "we have no details of the arrangement", a spokesman said. ...
01:04 AM, Mar 23, 2013
Cyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid. ...
07:40 AM, Mar 21, 2013
Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation. Although Cyprus accounts for only around 0.2 per cent of the economic output of the 17 European Union countries that use the common euro, the tax on depositors was a significant policy shift that has...
05:45 PM, Mar 18, 2013
Cardinal George Alencherry said the Church was already open to the reality of electing a pope that was outside Europe. ...
10:25 AM, Mar 17, 2013
Former counsel for the Italian marines in the Kerala fishermen killings case, Harish Salve has said that there is no legal bar or immunity to the Italian ambassador, Daniel Mancini, from being arrested by the Supreme Court. ...
07:07 AM, Mar 17, 2013
The combined output of BRICS countries will surpass the aggregate GDP of the US, Canada and other European nations by 2020, a UN report said on Friday. ...
04:05 AM, Mar 16, 2013
It helps solve one of the most fundamental riddles of the universe: how the Big Bang created something out of nothing 13.7 billion years ago. ...
02:46 AM, Mar 15, 2013
In an unprecedented action, the Supreme Court on Thursday restrained the Italian Ambassador from leaving India without its permission even as government began a review of entire gamut of relations with Italy which could result in downgrading of diplomatic ties over marines issue. ...
09:34 PM, Mar 14, 2013
The Avantha Masters this week is the only European tour event played in India. As many as 50 winners on the tour are here, but the focus is on the Indian challenge. ...
10:23 AM, Mar 13, 2013
Wrestling officially became part of the inaugural 2015 European Games despite being axed from the 2020 Olympic Games last month by the IOC. ...
10:20 PM, Mar 12, 2013
Roman Catholic cardinals gather under the gaze of Michelangelo's "Last Judgment" on Tuesday to elect a new pope to tackle the daunting problems facing the 1.2-billion-member Church at one of the most difficult periods in its history. ...
02:58 PM, Mar 12, 2013
No company has ever failed to keep its end of a bargain with EU authorities before. ...
06:04 PM, Mar 06, 2013
However, the US PGA Tour disagrees with the suggested change, citing a lack of data detailing specific advantages in anchoring and the 40-year history of long putters as the main reasons not to back the proposal. ...
07:12 PM, Mar 04, 2013
Van Der Walt became the fifth South African winner in 10 European Tour events this season with his two-shot victory at the Tshwane Open. ...
09:28 PM, Mar 03, 2013
Jeev had four pars before running into a horrible patch with a back-to-back bogeys followed by a triple bogey from fifth to seventh holes. ...
06:02 PM, Mar 03, 2013
I am hoping that I'll get the required support to be able to go out there and play the whole season, said Pankaj Advani. ...
02:54 PM, Mar 03, 2013
Sweden's IKEA stopped nearly all sales of meatballs at its furniture store cafeterias across Europe after tests in the Czech Republic on Monday showed some contained horsemeat. ...
06:21 AM, Feb 26, 2013
Italians finish voting in one of the most closely watched and unpredictable elections in years on Monday with a surge in protest votes fuelling concern that the ballot may not produce a government strong enough to pull Italy from its economic slump. ...
10:32 AM, Feb 25, 2013
Will Italy stay the course with painful economic reform? Or fall back into the old habit of profligacy and inertia? These are the stakes as Italy votes in a watershed parliamentary election Sunday and Monday that could shape the future of one of Europe's biggest economies. ...
01:07 PM, Feb 24, 2013
