The number of registered unemployed for September 2012 has increased to 38.253 persons compared to 36.967 in the previous month. The Statistical Service of the Republic of Cyprus said that in comparison with September 2011, the number of unemployed persons increased by 8.367 or 27.99%. Based on the data of the District Labour Offices, the
More
European Central Bank President Mario Draghi said on Thursday the ECB was primed to buy troubled euro zone bonds when conditions were right and that this had already calmed financial market tension. Speaking at his regular monthly news conference, Draghi also said "significant progress" had been made in Spain to bring its finances into order,
More
Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 mi llion us ers since June. Facebook, based in Menlo Park, California, hit the 1 billion milestone on Sept. 14 at 12:45 p.m. Pacific time, the company said on its website.
More
The European Commission said Thursday that it looks forward to receiving as soon as possible the comments from the Cypriot authorities as regards the non-paper for a financial assistance to Cyprus from the Troika (Commission, IMF, ECB). Invited to comment on statements made by President of the Republic of Cyprus Demetris Christofias on the Troika,
More
The rate of inflation in September 2012 in Cyprus was 2.5%, on a year-to-year basis, compared to 2.7% in August, according to data released on Thursday by the Statistical Service. For the period January-September 2012, the Index rose by 2.7% compared to the same period of 2011. In September 2011, inflation had risen by 2.4%.
More
Bank of Cyprus expressed its disagreement over proposals tabled by the Troika of the European Commission, the European Central Bank and the International Monetary Fund concerning the consolidation of the Cypriot banking sector. Andreas Artemis, Chairman of the Bank of Cyprus, Cyprus’ largest bank said the bank disagrees with the proposal by Troika that the
More
European Central Bank President Mario Draghi will keep his bond-buying bazooka on display when the bank meets on Thursday, but Spain's reluctance to request aid from EU partners means he is unlikely to pull the trigger soon. A month after Draghi unveiled the bond-purchase plan that was hailed by many as a saviour for the
More
– "Dr. No", starring Sean Connery, premiered in 1962 – Documentary, exhibition, auction, scent launched – "Everything or Nothing" tells of films' torrid past As a new documentary shows, the real story behind the James Bond film franchise is almost as dramatic as the 007 fantasies themselves, full of twists and turns, personality clashes, heroes, villains,
More
UK shares turned lower on Thursday, hit by concerns over bailout talks in Greece and tensions in the Middle East, ahead of central bank meetings in Britain and Europe that are unlikely to generate new stimulus moves. By 0836 GMT, the UK's FTSE 100 was down 12.53 points or 0.2 percent, at 5,813.29, with the
More
Seven-times world Formula One champion Michael Schumacher is to retire from the sport for a second time at the end of the season, the German driver told reporters ahead of the Japanese Grand Prix on Thursday. His Mercedes team announced last week that Schumacher would be replaced by Briton Lewis Hamilton for the start of
More