NICOSIA, Cyprus (AP) - Cypriot Finance Minister Michalis Sarris has resigned following the launch of a government investigation into how the country's economy nearly collapsed last month.
President Nicos Anastasiades has accepted Sarris's resignation. The minister has faced strong criticism
By TOM KRISHER and DEE-ANN DURBINAP Auto Writers
DETROIT (AP) - March was the best sales month for Ford and Chrysler in nearly six years, as buyers armed with tax refund checks were lured by flashy new vehicles and low interest rates.
Ford's sales were up 6 percent and Chrysler's rose 5
By EDITH M. LEDERERAssociated Press
UNITED NATIONS (AP) - The U.N. General Assembly overwhelmingly approved the first international treaty regulating the multibillion-dollar global arms trade Tuesday, after a more than decade-long campaign to keep weapons from falling into the hands of terrorists,
By LORI HINNANTAssociated Press
NICOSIA, Cyprus (AP) - Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt.
President Nicos Anastasiades said Tuesday that ordinary citizens who are shouldering the burden of "actions and omissions" by officials
By PAN PYLASAssociated Press
LONDON (AP) - Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999, official figures showed Tuesday.
Eurostat, the EU's statistics office, said the rate in February was
By ELAINE KURTENBACH and MARI YAMAGUCHIAssociated Press
TOKYO (AP) - Japan's Cabinet has approved a proposal to revamp its troubled electricity industry and foster more competition by obliging utilities to split power generation and distribution into separate businesses.
The plan is meant to
LONDON (AP) - The Bank of England's new financial watchdog says savers, big and small, in the British arm of the Cypriot bank Laiki will not have to pay a levy on their deposits.
The Prudential Regulatory Authority says 270 million pounds ($410.5 million) worth of deposits in Laiki Bank U.K.
By ROD McGUIRKAssociated Press
CANBERRA, Australia (AP) - Australia is paying its biggest Hollywood inducement ever to bring "20,000 Leagues Under the Sea" Down Under.
The Walt Disney Studios will film a new version of the science fiction classic in Australia, which will pay the studio 21.6 million
MADRID (AP) - Spanish government figures show that the number of people registered as unemployed edged down by a little under 5,000 in March, the first reduction for the month in five years.
The Labor Ministry said Tuesday that the decline showed the government's policies are working. The scale