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
  • Everyone wants to farm cannabis, even North Macedonia
    Sofia/Prague — Jane Sevdinski used to work in the legal department at the finance ministry. He and a friend are now ... And whether it’s former policemen, a lawyer or relatives of the prime minister, ...
    09/21/2019 - 8:08 am | View Link
  • UPDATE 4-India cuts corporate taxes to boost manufacturing and revive growth
    Effective tax rate cut to about 25% - Finance Minister * Equity markets post biggest intraday rise in over a decade * Tax revenue loss from lower rates seen at $20.4 bln * Bond yields rise on concern ...
    09/20/2019 - 7:57 am | View Link
  • Court decision could ruin Cypriot economy, finance minister warns
    NICOSIA, Sept. 19 (Xinhua) -- A Supreme Court decision on a case brought by civil servants demanding restoration of their salaries before cuts imposed during the 2013 economic crisis could lead to a ...
    09/19/2019 - 10:08 am | View Link
  • RPT-U.S., Chinese trade deputies face off in Washington amid deep differences
    A delegation of about 30 Chinese officials, led by Vice Finance Minister Liao Min, were set to launch talks on Thursday morning at the U.S. Trade Representative’s (USTR) office near the White House.
    09/19/2019 - 12:42 am | View Link
  • UK top court aims to rule next week on Parliament shutdown
    The former president was receiving treatment for prostate cancer and was hospitalized last week. PARIS (AP) — France's finance minister says Europe is ready to impose retaliatory tariffs next year on ...
    09/18/2019 - 9:14 pm | View Link
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