The London Olympics failed to boost British retail sales as hoped last month, when households preferred to watch the games rather than go shopping, giving stores one of their worst months of 2012, the British Retail Consortium said on Tuesday. The BRC's findings tally with other surveys and retailers' reports, showing that consumers were in
More
Cyprus could have natural gas from Israel in early 2015, if discussions on the supply of small quantities are completed by the end of the year, Commerce, Industry and Tourism Minister, Neoklis Sylikiotis said here today. Speaking to journalists about a visit to Israel by a high ranking Cypriot delegation, he said Israel is positive
More
The first draft of a memorandum between the government and the Troika (European Commission, European Central Bank, International Monetary Fund) could be agreed during the next visit to Cyprus by the Troika, Finance Minister Vasos Sharly said on Monday. Speaking during a press conference, in Nicosia, the Minister said that consultations with the Troika continued
More
President Demetris Christofias will pay a two-day official visit to Amman, following an invitation by King Abdullah II of Jordan. According to an official announcement, the President departs for Amman on September 5 and will be accompanied by Minister of Commerce, Industry and Tourism Neoklis Sylikiotis and Government Spokesman Stefanos Stefanou, and his wife Elsi.
More
Asian shares eased on Tuesday on concerns over weakening regional and global economic activity, but expectations of more stimulus from central banks and hopes for progress in tackling Europe's debt crisis lent support. European equities were seen flat to lower, with financial spreadbetters calling London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down
More
Germany and the European Commission appeared at odds on Monday over the extent of oversight the European Central Bank should be given as part of efforts to create a European banking union and quell the region's debt crisis. Olli Rehn, the European commissioner for economic and monetary affairs, said the ECB should be allowed to
More
Serbia's power utility EPS shut down the 270 megawatt (MW) Djerdap 2 hydro power plant on the border with Romania on Monday as a fire threatened the 110 kilovolt line that feeds its electricity into the system, it said. "The outage will not cause any disturbance in the supply of local consumers," EPS said in
More
French President Francois Hollande is scheduled to decorate former Beatle Paul McCartney with a Legion of Honour award, the president's office told Reuters on Monday. In the ceremony scheduled for September 8, McCartney will be made an officer of the Legion of Honour, France's highest public distinction which has been awarded to the likes of
More
It is a common maxim that money cannot buy you happiness and Cristiano Ronaldo, one of the world's best paid players, appears to have become the latest to acknowledge this after saying he was "sad" at Real Madrid. The Portugal forward, who cost Real a record 94 million euros ($118.49 million) in 2009 and who
More
Paris St Germain have completed the signing of Netherlands right back Gregory Van der Wiel from Ajax Amsterdam on a four-year contract, the Ligue 1 club said on Monday. "The new PSG defender had been introduced to his teammates by coach Carlo Ancelotti on Sunday," the club said on their website (www.psg.fr ). No financial
More