Annual unemployment increased by 31.7% in July in relation to the same month of 2012, Cyprus Statistical data published on Monday, show. Unemployed persons, registered at the District Labour Offices on the last day of July 2013, reached 48.001 persons. Based on the seasonally adjusted data showing the trend of unemployment, the number of registered
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Etihad Airways, the national airline of the United Arab Emirates (UAE) has unveiled plans to acquire 49% of JatAirways. The Abu Dhabi-based carrier has also been awarded a five year management contract for the Serbian national airline as part of of a wide-ranging strategic partnership agreement, signed by Etihad Airways and the Government of Serbia,
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Cyprus Police Chief Michalis Papageorgiou has assured that citizens in Cyprus must not worry over a possible terrorist attack on the island, after warnings that al Qaeda may be planning attacks in August, particularly in the Middle East and North Africa. However, he stressed that there is no room for complacency and that everyone must
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Iran and the United States signalled a fresh will on Sunday to seek to end the dispute over Tehran's nuclear programme after Hassan Rouhani was sworn in as president and called for dialogue to reduce "antagonism and aggression". Hopes for a diplomatic resolution increased with Rouhani's win over conservative rivals in June, when voters replaced
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A U.S. State Department official is set to testify on Monday about how much convicted soldier Bradley Manning's leaks of classified diplomatic cables to the WikiLeaks website hurt ties between Washington and its allies as well as global intelligence-sharing methods. Judge Colonel Denise Lind on July 30 found Army Private First Class Bradley Manning, 25,
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Asian shares were soft and the U.S. dollar was on the defensive on Monday after data showed U.S. employers slowed their pace of hiring in July, while the New Zealand dollar tumbled after a food-safety scare affected dairy exports of the country's largest company. Japan's Nikkei share average fell 1.0% while ex-Japan Asian shares dropped
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A 72-year-old German man has been arrested on a Greek island on suspicion of spying for Turkey, police said on Saturday. The man told police he had photographed barracks and other military-related buildings on the island of Chios for five people he believed were Turkish nationals who paid him up to 1,500 euros for each
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The Bank of Cyprus, the island’s biggest lender that has just come out of resolution following a bail-in recapitalisation by large depositors of 8 bln euros, has reduced its staff numbers by 25% and staff costs by 35%, it said on Friday. The cost of the redundancy package was not disclosed. The bank announced that
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European Union officials endorsed a deal on Friday to settle a dispute with China over solar panels, the biggest trade row to date between the two powers, after winning almost unanimous backing from member states. The agreement will be officially published on Saturday and takes effect on Aug. 6. Chinese firms who agree to its
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Lithuania has taken over the EU Council rotating presidency for the second half of the year and has set its goals on improving the credibility of the European Union through the stabilization of the economy, better economic governance and combating tax evasion. Presenting his credential to President Nicos Anastasiades, Lithuania’s new ambassador to Cyprus, Alfonsas
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