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Microsoft, Nokia pin hopes on new Lumia as mobile war escalates

Nokia and Microsoft Corp will take the wraps off the struggling European company's most powerful smartphone on Wednesday, in what may be their last major shot at winning back a market lost

5th September 2012
Business

Russia loan would not slow Cyprus austerity drive

Cyprus will not ease off fiscal austerity measures required by its European Union partners if it secures a 5 billion euro loan from Russia, its foreign minister said on Tuesday. The Mediterranean

5th September 2012
Cyprus

Euro slips but in recent ranges, dollar/yen firm

Asian shares slid to near six-week lows and the euro fell on Wednesday, as investors turned edgy ahead of a pivotal European Central Bank meeting on Thursday and U.S. payroll data on

5th September 2012
Business

Political violence almost unheard of in Canada

A gunman shot dead one person inside the Montreal theater where the leader of Quebec's separatist Parti Quebecois was addressing supporters in the wake of a narrow election win in the Canadian

5th September 2012
Business

No reply from Moscow as regards loan to Cyprus

Government Spokesman Stephanos Stephanou clarified Tuesday that Moscow has not taken a decision on Cyprus’ request for a new bilateral loan yet and that no reply has been conveyed to Nicosia as

5th September 2012
Cyprus

Hungarians protest against release of Azeri officer

Almost 2,000 Hungarians protested in Budapest on Tuesday against the government's decision to allow an Azeri soldier who had killed an Armenian officer in 2004 to return home, leading to heightened tensions

4th September 2012
Cyprus

Euro contagion to worsen youth joblessness globally

Unemployment among young people is likely to rise globally as the euro crisis hits emerging economies and more discouraged jobless youth drop out of the labour force altogether, the International Labour Organization

4th September 2012
Business

Greek PM to meet ECB’s Draghi on Sept 11- PM’s office

Greek Prime Minister Antonis Samaras will meet European Central Bank President Mario Draghi in Frankfurt next week, the prime minister's office said in a statement on Tuesday. The meeting will take place

4th September 2012
Business

ECB bond-buying hopes cut Spanish and Italian bond yields

Global stocks slid on Tuesday as data showed U.S. manufacturing shrank at the sharpest clip in more than three years last month, while expectations the European Central Bank could buy more bonds

4th September 2012
Business

Gymnich in Cyprus to focus on Syria, water and education

The Informal Meeting of EU Foreign Ministers that will take place in Cyprus 7 and 8 September will focus on the situation in Syria, water and education. CNA has learnt that during

4th September 2012
Cyprus
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