(MENAFN - AFP) Cypriot President Nicos Anastasiades has sharply criticised the terms imposed for a March debt bailout in a letter to eurozone leaders pleading for help in safeguarding the island's biggest lender.

In the leaked letter he sent last week, Anastasiades charged that eurozone leaders had treated the island unjustly in their concern to avoid further contagion ...

(MENAFN - AFP) Chrysler announced Tuesday that it would bow to the US safety regulator's pressure to recall 2.7 million Jeep Libertys and Jeep Grand Cherokees over a fire risk that caused dozens of deaths.

Two weeks after rejecting the National Highway Traffic Safety Administration's recommendation for a recall, the number-three US automaker said the two sides had "resolved ...

(MENAFN - AFP) Three leading shipping companies announced an alliance on three crucial routes on Tuesday in a strategy to face over-capacity and declining demand for transportation.

CMA CGM of France, Maersk Line of Denmark and Swiss MSC Mediterranean Shipping Company said that the new so-called P3 Network would initially use 255 ships on three trade lanes: Asia-Europe, ...

(MENAFN - AFP) Chinese telecoms giant Huawei on Tuesday launched what it said was the world's thinnest smartphone, which it hopes will take on high-end rivals like Apple and Samsung in the global market.

Bidding to extend its market reach outside China, Huawei chose London to unveil its Ascend P6, which is just 6.18 millimetres thick -- the June 18 launch date reflecting ...

(MENAFN - AFP) An epidemic of measles is sweeping through parts of northern Syria, with at least 7,000 people affected because the ongoing civil war has disrupted vaccination programmes, Doctors Without Borders said on Tuesday.

"The main factor leading to the worsening of the situation and to outbreaks has been the disruption of routine immunisation activities," MSF said.

Consequently, ...

(MENAFN - AFP) Chinese wine importers have already started putting orders from France and other European countries on hold over fears of a hike in tariffs being triggered as part of a broader EU-China trade dispute, say leading figures in the sector.

Industry insiders attending this week's Vinexpo exhibition in Bordeaux revealed that China's decision to launch an anti-dumping ...

(MENAFN - AFP) Russian lawmakers on Tuesday backed a bill which would place tough restrictions on adoption to countries where same-sex marriages are legal, following France's vote last month allowing such unions.

The bill could ban people in over a dozen countries from adopting Russian orphans even if they are single, according to an amendment that passed in the key second ...

(MENAFN - AFP) State-run television channels in Greece remained off-air on Tuesday as the government scrambled to deal with a storm of protest over its decision to shut down public broadcaster ERT.

A meeting late Monday between conservative Prime Minister Antonis Samaras and his centre-left coalition partners ended inconclusively.

A new meeting has been called for ...

(MENAFN - AFP) German solar panel manufacturer Solarworld announced Tuesday a capital injection by Qatar, a move which will save the company from bankruptcy as the German sector struggles against Asian competition.

Solarworld said in a stock exchange statement that it had agreed several measures with its biggest creditors, including the injection by Qatar Solar in return ...

(MENAFN - AFP) The world's leading industrialised nations struck a deal Tuesday to crack down on the "scourge" of tax evasion and share more cross-border financial information.

Gathered in Northern Ireland for a summit, G8 leaders vowed concrete steps to target not only illegal tax evasion but also tax avoidance by multinationals such as Google, Amazon and Starbucks that ...