World

Kurdish rebels declare formal ceasefire with Turkey

ISTANBUL (Reuters) – The Kurdistan Workers Party (PKK) militant group declared a “formal and clear ceasefire” with Turkey yesterday after the rebels’ jailed leader this week ordered a halt to the decades-long armed campaign for autonomy.

Cyprus closes in on EU bailout, U-turn on levy

NICOSIA,  (Reuters) – Cyprus is expected to make a dramatic U-turn today to avert the imminent threat of financial meltdown, having signalled it is willing to tax big savers in its stricken banks to clinch a bailout from the European Union.

Reuters World News Highlights

WASHINGTON – As the U.S. government prepares for years of austerity, a bipartisan group of senators is aiming to give the agency that maintains ports and waterways extraordinary protection from budget cuts.

EU gives Cyprus bailout ultimatum, risks euro exit

NICOSIA,  (Reuters) – The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency zone.

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