Cyprus’ National Economic Policy Council had a meeting on Monday during which it assessed proposals put forward by the Troika with a view to find ways to put these proposals into practice with the lowest possible cost for the economy. According to CNA sources, one of the issues on which the National Economic Policy Council
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Sterling hit a 2-1/2 year low against the dollar on Monday as hedge funds and long-term investors sold, seeing the pound as susceptible to more weakness given contrasting outlooks for the British and U.S. economies. While strong U.S. jobs numbers late last week bolstered speculation that the Federal Reserve may curtail its asset purchase programme
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Three suspected Islamist militants arrested in southern France appeared to be planning an attack in the days ahead, the Paris prosecutor said on Monday, the anniversary of an al Qaeda-inspired shooting that rocked France. Police found weapons and explosives at the home of one of the suspects in the town of Marignane, near Marseille, and
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Some 26,000 diamonds, worth at least $162,000 and contained in transparent plastic bags in hand luggage, proved too much for the "nothing to declare" lane at a Moscow airport. An unemployed, 37-year-old Russian man carrying the precious package from Dubai was detained on Sunday at the international Sheremetyevo airport, Russia's federal customs service said. "One
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The European Union wants to persuade countries such as the United States and China to adopt its ban on the sale of new cosmetics tested on animals that came into force on Monday. The ban, which follows years of campaigning by animal rights groups, applies to all new products and their ingredients sold in the
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A delegation of Cyprus National Hydrocarbons Company (CNHC) will travel to Milan to discuss with Italian energy heavyweight, ENI, over its operations programme on Cypriot offshore blocks. In the context of the second licensing round, the Cypriot government signed on January 24 three contracts with joint venture of Italian ENI and South Korea`s KOGAS on
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Cyprus President Nicos Anastasiades is on an official visit to Athens where he hopes to convince Greek officials to agree to ring-fencing the “bad bank” operations of the island’s two main lenders that are exposed to nearly 25 bln euros worth of Greek debt. Saying that the Cyprus economy was in a “state of emergency”,
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From spinning birthday celebrations to pole dancing bachelorette bashes, U.S. gyms are offering fitness parties as new way to mark life's milestones – with a few friends and a good sweat. Gyms and fitness studios are often eager to host the festivities, which light up darkened rooms after hours and expose potential new members to
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European shares paused early on Monday as Italy's credit rating downgrade hit domestic banks, taking the shine off an equity rally which remains supported by unprecedented stimulus from governments and central banks. By 0858 GMT, the FTSEurofirst 300 was down 2.35 points, or 0.2 percent, at 1,192.85. It had closed at 1,195.20 on Friday, a
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Commonwealth offers a great opportunity to join forces for the common good says Queen Elizabeth in a written message to mark this year’s Commonwealth theme “Opportunity through Enterprise”. “Great achievements in human history have a number of common characteristics. From climbing the highest mountain, to winning a sporting competition, making a scientific breakthrough, building a
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