Economic Sentiment Indicator improves in Cyprus

Economic Sentiment Indicator in Cyprus has greatly improved for the fifth month running according to September data published by the European Commission. European Commissions’ Directorate – General for Economic and Financial Affairs

EU seeks to boost defences against cyber attacks

European Union policymakers said on Thursday they want to combat large-scale cyber attacks that could paralyze modern, industrialized nations that rely on computer networks. Proposals put forward by the European Commission include

Apple takes legal battle with Nokia to Britai

Apple has sued Nokia in Britain, extending the two technology giants' legal battle over patents beyond U.S. borders. “We are investigating the claims, which appear to be based on nine implementation patents

Jumbo says annual net down 17%, strong in Cyprus

Jumbo, Greece's largest toy retailer, said on Wednesday net profit for its financial year to end-June dropped 17%, hurt by one-off taxes and the nation's austerity-driven consumption downturn. Jumbo said net profit

Piraeus Bank pulls bid for ATEbank, Postbank

Piraeus Bank, Greece's fourth largest lender, withdrew its offer to buy government stakes in ATEbank and Hellenic Postbank saying the government took too long to decide, its deputy CEO said on Thursday.