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Signs of new climate normal apparent in hot 2012

Last year was one of the 10 hottest on record, with sea levels at record highs, Arctic ice at historic lows and extreme weather in various corners of the globe signaling a

7th August 2013
Business

Obama ‘disappointed’ with Russia, calls embassy threat significant

U.S. President Barack Obama confirmed on Tuesday that he would go to Russia this fall for a G20 summit but said he was "disappointed" that Russia granted temporary asylum to former U.S.

7th August 2013
Business

Nikkei leads Asian stocks lower; dollar dips

Asian stocks fell to their lowest in a month on Wednesday following a second day of losses on Wall Street, led by a steep decline in the Nikkei as a firmer yen

7th August 2013
Business

China shares on a roll, Hong Kong stocks slip on data

Shares in China rose in choppy trade on Wednesday, led by property companies, while Hong Kong stocks slipped on concerns over China's slowing economy ahead of Chinese trade data for July. At

7th August 2013
Business

Japan to provide funding for Fukushima clean-up, step up role

The Japanese government will take a significantly bigger role in the massive clean-up at the crippled Fukushima nuclear plant and may spend taxpayer money to contain the build-up of radioactive water, officials

7th August 2013
Cyprus

China fines milk powder makers $110 mln for price fixing

China fined six companies including Mead Johnson Nutrition Co, Danone and New Zealand dairy giant Fonterra a total of $110 mln following an investigation into price fixing and anti-competitive practices by foreign

7th August 2013
Cyprus

Cypriot movie “Block 12” to contest for a candidacy in European Film Awards

The European Film Academy chose the Cypriot movie “Block 12” by director Kyriacos Tofarides as one of forty movies to contest for a candidacy in the 26th European Film Awards. According to

6th August 2013
Cyprus

CYPRUS: Building permits decrease by 26.6% in first five months of 2013

The number of building permits authorised by the municipal authorities and the district administration offices during May 2013, stood at 380, the Statistical Service of the Republic of Cyprus announced on Tuesday.

6th August 2013
Cyprus

Sterling falls versus euro before BoE Inflation Report

Sterling fell against the euro on Tuesday on concerns the Bank of England would indicate a long period of lower rates in its Inflation Report, but robust industrial output data helped it

6th August 2013
Business

Cyprus Harmonised inflation at 0.7% in July

Harmonised annual inflation stood at 0.7% in July 2013 compared to 3.8% in July 2012 and in relation to 0.8% in June 2013, according to data released by the Cyprus Statistical Service.

6th August 2013
Cyprus
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Markets complacent over Iran, wider global risks

Financial markets are showing a deeply concerning level of complacency

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Ceasefire sinks dollar

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Cyprus risk higher amid Mideast tension, UN cuts

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