The European Central Bank held its main interest rate at a record low of 0.75 percent on Thursday, holding fire after a pick-up in inflation last month offset pressure to breathe life into the flagging euro zone economy by easing borrowing costs. Annual euro zone inflation accelerated to 2.6 percent in August from 2.4 percent
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Cyprus’ inflation reached 2,7 percent in August 2012, on annual basis, from 2,2% in July this year, according to data released Thursday by Eurostat, showing an increase in the inflationary pressures following a decrease in the inflation in June to 1.8%, which is the lowest in 2012. The increase in the consumer price index or
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European shares edged higher in early trade on Thursday, with investors looking to the European Central Bank to support risk appetite by detailing plans for a new bond-buying programme to help bring down borrowing costs and revive risk appetite. The onus is on ECB President Mario Draghi to back up his promise "to do whatever
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Former President Bill Clinton made a more comprehensive case for President Barack Obama's re-election in 49 minutes on Wednesday than the rest of the speakers at the Democratic Convention could muster in the 11-1/2 hours that preceded him. In a detailed and passionate endorsement of his former rival, Clinton amplified the central argument of Obama's
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European equities edged higher in early trade on Thursday, with investors reluctant to sell the market in case a European Central Bank meeting later in the day yields a sufficiently strong stimulus signal to revive risk appetite. The onus is on ECB President Mario Draghi to back up his promise "to do whatever it takes"
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Operation “Zygos” was launched Wednesday, targeting nine suspected criminals, possibly evading justice, who are wanted by UK authorities and are believed to be hiding in Cyprus. The campaign was launched in Nicosia by UK crime-fighting charity Crimestoppers, the UK’s Serious Organised Crime Agency (SOCA) and Cyprus Police. The individuals concerned are eight men and a
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Toting homemade brushes and bags of tools, two astronauts left the International Space Station on Wednesday for a second spacewalk to try and install a new power system unit. Lead spacewalker Sunita Williams and Japan's Akihiko Hoshide floated outside the station for the second time in a week, hoping to resolve a problem that left
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The languages and the cultures are different, but the pet peeves of mobile technology users around the globe are the same, with most people annoyed by receiving too much information, according to a poll released on Wednesday. About 60 percent of adults and teenagers in eight countries said too much is being divulged online, including
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The host cities for the 2018 World Cup in Russia will be announced this month, the tournament's organisers said on Wednesday. "The Local Organising Committee (LOC) and FIFA will announce the host cities on Sept. 29 in Moscow," LOC said in a statement. Thirteen Russian cities — Moscow, St. Petersburg, Kaliningrad, Yaroslavl, Nizhny Novgorod, Kazan,
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Beneath the bell tower in Dubrovnik, behind the cold stone walls of the city's state archive, there is a map drawn by hand depicting an age of empires. Of unknown date, its faded lines show the 'Republica di Ragusa', the city-state forerunner to Croatia's Dubrovnik, squeezed between the rival Venetian Republic on the coast and
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