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World organisations unite to improve investor confidence in real estate

For the first time, the world’s leading property institutions will meet to create a universal method of measuring property assets. This will tackle the problem of low investor confidence in property, its

2nd May 2013
Business

Cyprus records second highest unemployment increase in the EU

Cyprus recorded in March the second highest unemployment increase in the EU. According to Eurostat, the statistical office of the European Union, compared with March 2012, the unemployment rate increased in nineteen

2nd May 2013
Cyprus

CYPRUS: Impelentation of measures for new jobs to begin on Tuesday

Labour and Social Insurance Minister Zeta Emilianidou said Wednesday that the government takes measures which aim to create 8.000 jobs. The implementation of the measures, she said, will begin on Tuesday. Speaking

2nd May 2013
Cyprus

Boeing says taking next step toward launching 777X jet

Boeing Co said it is taking the "next step" toward launching its long-awaited 777X wide-body jet by discussing price, schedule and other details with potential customers. The move follows a board meeting

2nd May 2013
Business

Starving Virginia settlers turned to cannibalism in 1609- study

– 14-year-old butchered after her death at Jamestown  – "Tentative" chops were made to girl's head – Girl likely part of prosperous English household Settlers at Virginia's Jamestown Colony resorted to cannibalism

2nd May 2013
Cyprus

EU party pressures Britain’s PM Cameron in local vote

– Local elections being held in England and Wales  – Single national parliamentary seat also up for grabs – Ruling conservatives forecast to lose hundreds of seats  – Anti-EU party predicted to do

2nd May 2013
Business

British overseas territories sign deal to curb tax evasion

– Britain has made fighting tax evasion a priority – Information to be shared among five European states Tax havens such as Bermuda and the Cayman Islands will work more closely with

2nd May 2013
Business

Three men charged with undermining Boston bombing probe

– Trio took backpack, fireworks from dorm room-court papers  – Two Kazakhs charged with obstructing justice  – U.S. citizen charged with lying to investigators  – Men acted as FBI led hunt for suspects-court

2nd May 2013
Business

What options does Obama have to close Guantanamo?

With his renewed vow to close the detention camp for foreign terrorism suspects at Guantanamo Bay, U.S. President Barack Obama has effectively assigned himself a list of possible ways to take the

2nd May 2013
Business

Moody’s downgrades Allianz Russia to Baa2; stable outlook

Moody's has downgraded the global-scale insurance financial strength rating (IFSR) of OJSC IC Allianz (Allianz Russia) from Baa1 to Baa2, but maintained a stable outlook, following continued pressures in underwriting profitability. At

1st May 2013
Business
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Markets complacent over Iran, wider global risks

Financial markets are showing a deeply concerning level of complacency

Yen weakens on slowing safe-haven demand

The Japanese Yen remains on the back foot against its

Ceasefire sinks dollar

The euro-dollar currency pair extended its gains for the fourth

Cyprus risk higher amid Mideast tension, UN cuts

The risk of an attack on the British bases in

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