* Swings to loss on Greek debt * Hellenic Bank posted a net loss of 99.5 mln euros last year, hit by a 70% writedown on its Greek sovereign debt holdings, the bank said on Tuesday. Hellenic said its operating profit, excluding the Greek impairment and other provisions rose 47% to 132.56 mln euros, compared
More
**The crisis is an opportunity to act ** Published 8 February 2011. The Cyprus economy needs a new strategic direction if it is to tackle the big challenges facing it in the coming years and the current crisis should be treated as an opportunity to do this. These were the conclusions of an expert panel
More
Revenue from tourism inched up by 0.7% over the year earlier to EUR 30.0 mln in January 2012, compared with EUR 29.8 mln in January 2011, according to the Passengers’ Survey. This was not as high as tourism arrivals, however, which rose over the year earlier by 7.1% in the first month of the year.
More
Industrial output prices surged over the year earlier in January, rising by 8.0% compared with January 2011. Compared with December, the index reached 134.5 (base 2005=100), recording an increase 1.4% compared with December 2011. The manufacturing subindex was stable compared with December. The main reason for the increase, therefore, came from higher water and electricity
More
Outbound tourism declined by 4.2% over the year earlier in January, with 79,777 residents of Cyprus returning from a trip abroad compared with 83,243 in January 2011. Either declining business with Greece or fears of being caught up in riots appears to have affected trips to Greece, which dropped by 11.4% over the year earlier
More
Nokia also today ushered in a new era in high end smartphone imaging. The Nokia 808 PureView is the first smartphone to feature exclusive Nokia PureView imaging technologies that will enable a range of high-end imaging experiences into Nokia products over the coming years. The Nokia 808 PureView combines a large, high-resolution 41-megapixel sensor,
More
The anti-secrecy group WikiLeaks began on Monday publishing more than 5 mln emails from a U.S.-based global security analysis company that has been likened to a shadow CIA. The emails, snatched by hackers, could unmask sensitive sources and throw light on the murky world of intelligence-gathering by the company known as Stratfor, which counts Fortune
More
Virtual boxing, tennis and dancing along with video game systems may not be helping children meet daily exercise requirements, according to a U.S. study. Researchers from Baylor College of Medicine in Houston, Texas found that children who were given so-called active video games to play on a Nintendo Wii didn't end up logging any
More
Germany's Constitutional Court will rule on Tuesday whether a small sub-committee in parliament is representative enough to take decisions over whether the country should grant help to heavily indebted euro zone countries such as Greece in future. The court in Karlsruhe will rule at about 0800 GMT on a case brought by two opposition MPs
More
German trade union GdF, which represents around 190 striking workers at Frankfurt airport, said on Tuesday it wants control tower staff to join the walkouts, a move which could increase disruption caused by a strike which has forced the cancellation of 1,400 flights. The union wants 12 air traffic controllers to join the strike from
More