British inflation dropped sharply in January as the effect of a rise in sales tax in 2011 fell away, backing Bank of England forecasts for a sharp easing of price pressure this
Zurich has topped Tokyo to become the world's most expensive city, as surging currencies push up the cost of living in countries like Switzerland and Australia, a survey showed on Tuesday. The
APOEL FC faces Tuesday night Olympique Lyonnais for the Champions League knockout stage. The match will be held in Stade de Gerland in Lyon and will begin on 21:45 local time (19.45
The Cyprus Telecommunications Authority (Cyta) and the Lebanese Ministry of Telecommunications have ratified an agreement for the construction of a submarine fiber optic cable system between Cyprus and Lebanon, named EUROPA. EUROPA
Cyprus has opened a second hydrocarbons licensing round, buoyed by natural gas discoveries off its own shores and rich finds in waters off neighbouring Israel. The island is offering 12 offshore blocks
Shares and the euro fell on Tuesday after Moody's warned it could downgrade top-rated sovereigns including Britain, reminding investors that Europe is still deeply mired in a debt crisis despite Athens' steps
Competitiveness, the banking sector and the future of the newly found natural gas dominated debate at the LSE conference on the economy of Cyprus held in London last Friday. The conference, entitled
Card spending by Greek Cypriots north of the UN-monitored Green Line dropped by 17.8% compared with the year earlier in January, while spending by Turkish Cypriots fell by 8.6% in the same
Spending using plastic cards issued in Cyprus rose by 26% over the year earlier to EUR 231,540,461 (EUR 232 mln) in January, according to the card company, JCC Payment Systems. JCC noted
**Trade deficit shrinks by 9.7% ** In a little piece of good news for the Cyprus economy the trade deficit shrank by 9.7% in 2011, according to preliminary figures for December, thanks
