Asian shares hit 6-wk low on bleak outlook

Asian shares hit a six-week low on Thursday and safe-haven Japanese bond futures rose to their highest since Lehman Brothers collapsed in September as the U.S. banking crisis deepened, sparking fears of

Israel intercepts aid boat, turn back to Cyprus

Israeli warships turned back a Greek-flagged vessel carrying aid for Palestinians in Gaza, activists said on Thursday. Activists on board the ferry said they were returning to Cyprus after an overnight encounter

Cyprus prepares for Euro elections

The Ministry of the Interior will be posting 20,000 letters over the next few days to new voters, who are or will be 18 years old in June 2009, when the European

Cyprus Rally 2009 preparations underway

With work well underway to prepare for the 2009 Cyprus Rally, organisers have announced that a Service Park will be created, and work on the Park will be overseen by two local

Cyprus and Greek stocks dive on S&P downgrade

Cyprus and Greek stocks went into a free-fall on Wednesday after Standard & Poor's Ratings Services cut its credit ratings on Greece's sovereign debt o, due to falling economic competitiveness and a

Cyprus Airways continues renewal of fleet

Cyprus Airways (CY), Cyprus’ national air carrier, have sold one of their old Airbus A320, in the framework of their strategy to renew their fleet. The Airbus was sold for $5.6 mln.