Europe's factories delivered more signs last month the region is gradually leaving recession behind, according to business surveys that also eased immediate fears over the health of China's economy. Thursday's purchasing managers indexes (PMIs), surveying thousands of manufacturers worldwide, showed output in British factories surged in July, and industrial activity in the euro zone rose
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Cyprus’ National Hydrocarbons Company (KRETYK) Vice President Solon Kasinis has resigned, He met Wednesday with the President of the Republic Nicos Anastasiades to whom he explained the reasons that led him to his decision to resign his position. In statements to CNA, Kasinis said that he had a frank conversation with the President, which lasted
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Euro zone manufacturing activity grew for the first time in two years in July as factory output surged, a business survey showed on Thursday, suggesting the region may pull out of recession this quarter. Markit's Eurozone Manufacturing PMI rose to 50.3 in July from June's 48.8, revised slightly higher from a preliminary reading of 50.1
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World shares and commodity prices rose on Thursday as signs of modest growth in the global economy played into expectations that major central banks will stick to policies aimed at supporting the recovery. Both the European Central Bank and the Bank of England are likely to leave their loose policies unchanged after rate-setting meetings later
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Passengers of easyJet, operator of Europe’s No.1 air transport network will be greeted onboard by cabin crew in stylish new attire designed byformer British Designer of the Year Jeff Banks MBE, and his team of corporate wear specialists. A choice of six new pieces have been added for the airline’s 5000 cabin crew to choose
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Apple Inc's next software update for its iPhones and iPads will fix a security flaw that allows hackers to engage in spying and cyber crimes when the victim connects the device to a fake charging station, the company said on Wednesday. Apple's devices are vulnerable to attacks until the company releases its iOS 7 software
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Japanese Deputy Prime Minister Taro Aso retracted on Thursday a comment he had made that referred to Adolf Hitler's rise to power and which was interpreted as praising the Nazi regime. The outspoken Aso, who is also finance minister and a former prime minister, said he had caused misunderstanding with the comment, which has drawn
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New Bank of Cyprus shareholders, uninsured depositors of over €100,000 47.5% of whose capital was used for a bail – in, hold 81% of the bank’s share capital, while former Laiki Bank owns 18% and former share holders make up less than 1%. According to a Bank of Cyprus press release, issued here today, the
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The Central Bank of Cyprus announces that significant progress has been made with the Financial Sector Reform Programme at the conclusion of the three week mission of the international lenders the Troika (EC, ECB, IMF). A press release by the CBC notes that the Cypriot authorities have already started to implement a comprehensive action plan
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Cypriot Minister of Finance Harris Georgiades said on Wednesday he expects "no surprises" in the next Eurorgoup meeting the coming September, when the Euro area Finance Ministers will disburse the second tranche of the Cypriot financial assistance programme. In a press conference, following the conclusion of the first programme review by the Troika mission, Georgiades
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