Cypriot Finance Minister Resigns

Michalis Sarris resigned after announcing the final terms of a bailout for the nation’s banking system that imposed heavy losses on bank depositors in return for aid.

  • Top Editors Abruptly Leave Village Voice
    Will Bourne, who became editor in chief of The Village Voice in November, and Jessica Lustig, the deputy editor since January, are leaving the weekly publication. They met with the staff at 11 a.m. on Thursday and said that Christine Brennan, executive editor of Voice Media Group, had instructed them to lay off or drastically reduce the roles of five employees on the 20-person staff. More
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • WHO Raises Risk Outlook; Italy Weighs Emergency: Virus Update
    The World Health Organization raised the global risk for the new coronavirus to “very high” from “high.” James Bullard, president of the Federal Reserve Bank of St. Louis, said rate cuts may be ...
    02/28/2020 - 5:01 am | View Link
  • Coronavirus outbreak 'getting bigger': All the latest updates
    French Finance Minister Bruno Le Maire announced that companies can declare 'force majeure' when dealing with small-to-medium sized enterprises. "We are going to consider the coronavirus as a case of ...
    02/28/2020 - 4:52 am | View Link
  • Read Alberta Finance Minister Travis Toews' budget 2020 speech
    Mr. Speaker, it is a great honour to rise today in this house and table this government’s budget for 2020. This budget continues the responsible four-year fiscal plan that started with Budget 2019, a ...
    02/27/2020 - 9:49 am | View Link
  • New Zealand prepared for 'serious impact' on economy from virus
    WELLINGTON (Reuters) - The coronavirus outbreak could have a serious impact on New Zealand’s economy in the short term, the country’s finance minister said on Thursday, amid new data that showed ...
    02/26/2020 - 1:06 pm | View Link
  • South Africa unveils measures to rein in public spending
    South Africa's finance minister on Wednesday announced plans to tighten government spending, including a major cut to public sector wages, in an effort to avoid a looming financial crunch. In his ...
    02/26/2020 - 11:18 am | View Link
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