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Russia to scrap Cyprus tax deal after talks fail: finance ministry

MOSCOW (Reuters) – Russia’s finance ministry said on Monday it would scrap an agreement with Cyprus aimed at avoiding double taxation after talks to modify the deal failed, and that legal changes would make it more profitable for people to transfer money back ... More »

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World War Two veteran breaks own scuba diving record at 96

LARNACA, Cyprus (Reuters) – A 96-year-old celebrated his birthday on Saturday by breaking his own record as the world’s oldest active scuba diver for the third year running, plunging to the depths of the equivalent of a 15-storey building to explore a shipwrec... More »

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EU states set to haggle over blacklist of 20 tax havens

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 14, 2017. REUTERS/Francois Lenoir BRUSSELS (Reuters) – European Union finance ministers will decide on Tuesday on the composition of an EU blacklist of tax havens tha... More »

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Latvia, Luxembourg, Portugal, Slovakia bid for Eurogroup chair

FILE PHOTO – Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem arrives at Eurozone finance ministers meeting in Brussels, Belgium July 10, 2017. REUTERS/Francois Lenoir/File Photo BRUSSELS (Reuters) – Finance ministers from Latvia, Luxembourg,... More »

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Influential Australian Senator Nick Xenophon resigns

Australian Senator Nick Xenophon, a key independent lawmaker, said on Friday he was resigning from national politics, potentially complicating Prime Minister Malcolm Turnbull's efforts to pass legislation. More »

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ECB tells banks to set aside more cash on bad loans

The European Central Bank will ask euro zone banks from next year to set aside more cash to cover newly classified bad loans and may also present additional measures to tackle the sector's huge stock of bad debt, it said on Wednesday. More »

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Germany`s poor hold key to election as inequality grows

An old man in need receives vegetable soup in a plastic cup to take away from the soup kitchen ‘Kana’ in a poor district of the city of Dortmund, western Germany, April 7, 2017. Picture taken April 7, 2017. REUTERS/Wolfgang Rattay For all its economic success,... More »

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Russian minister Mutko barred from FIFA re-election: sources

FILE PHOTO: Russian Sports Minister Vitaly Mutko attends a news conference after a meeting of the management board of the 2018 FIFA World Cup Russia local organising committee in Moscow, Russia, July 5, 2016. REUTERS/Sergei Karpukhin/File Photo Russian deputy ... More »

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Cyprus reunification stalled in row over 1950 vote

Turkish Cypriot leader Mustafa Akinci (R) and Greek Cypriot leader, Cypriot President Nicos Anastasiades, drink coffee in old Nicosia May 23, 2015. REUTERS/Yiannis Kourtoglou Cyprus reunification talks were in disarray on Wednesday after reports the Turkish Cy... More »

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IMF`s Lagarde says worried about European elections

International Monetary Fund (IMF) Managing Director Christine Lagarde delivers remarks at the Atlantic Council in Washington, U.S., February 8, 2017. REUTERS/Jonathan Ernst International Monetary Fund Managing Director Christine Lagarde said on Sunday that she... More »

Greek PM, France`s Hollande discuss Greek bailout review, Cyprus

Greek Prime Minister Alexis Tsipras (L) and French President Francois Hollande attend a European Union leaders summit in Brussels, Belgium October 21, 2016. REUTERS/Stephane De Sakutin/Pool – RTX2PU1R Greek Prime Minister Alexis Tsipras and French President Fr... More »

Euro zone house prices keep rising but no bubble yet: ECB

Pedestrians walk past the headquarters of the European Central Bank (ECB) in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski The euro zone housing market is on its best run since the global financial crisis but prices on average are still only in ... More »

France’s Pouille upsets Nadal to reach quarters

Sept 4, 2016- New York, NY, USA- Lucas Pouille of France winning a game late in the fifth set against Rafael Nadal of Spain (not pictured) on day seven of the 2016 U.S. Open tennis tournament at USTA Billie Jean King National Tennis Center. Mandatory Credit: R... More »

U.N., rights groups say EU-Turkey migrant deal may be illegal

GENEVA/BRUSSELS The United Nations and human rights groups warned on Tuesday that a tentative European Union deal to send back all irregular migrants to Turkey in exchange for political and financial rewards could be illegal. “I am deeply concerned about any a... More »

Factbox: Companies, organizations offer help for migrants

Companies and organizations are pledging to provide funds, goods and services to help thousands of migrants arriving in Europe from war-torn and impoverished countries. Companies are helping through both corporate and employee schemes. Following are some examp... More »