Cyprus tourism leaps 12.7% in February

Tourism arrivals leapt in February after a decrease in January, according to the latest figures from the Statistical Service’s Passengers’ Survey. Arrivals of tourists rose by 12.7% to 62,294 in February 2011

Is the EU pact for real?

. By Shavasb Bohdjalian  European leaders agreed on Saturday to strengthen the euro zone bailout fund, make its loans cheaper and lower the interest rate on funds extended to Greece but left

Cyprus, Israel leaders discuss LNG shipping deal

Cypriot and Israeli leaders have discussed cooperating to transport their newly discovered natural gas from an offshore Israeli field to Cyprus before shipping to the rest of Europe. Israeli Prime Minister Benjamin

Stocks, oil tumble on Japan nuke crisis

* Yen rises on risk aversion after quake Fear of a nuclear catastrophe in Japan pounded world stock markets on Tuesday, shredding $1 trln in equity valuations as investors dumped assets considered

Copper sinks to 3-month low

Copper fell to a three-month low on Tuesday, after a mounting emergency at a quake-stricken nuclear plant in Japan sparked a slide across financial markets in which investors abandoned investments perceived as

Libyan oil output to take time to restore

. Libya's oil output will take some time to return to normal, the head of the National Oil Corporation said on Tuesday, because some installations were damaged in fighting between rebel and