. In the efforts of the powers-that-be to have full control over all matters related to energy, they have succeeded in once again demolishing what little trust and confidence had remained in the Cyprus public system. The ongoing feud between the Energy Service Director and his political superior, the Minister of Commerce and Industry (who
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. BY SHAVASB BOHDJALIAN The Bank of Japan (BOJ) acting on orders of the Japanese Ministry of Finance surprised markets on Monday by intervening massively in the forex markets, selling the yen to the equivalent of $30-40 bln. The price action saw the yen weakening from a record high of 75.50 to 79.50 against the
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BP Target Neutral announced it is inviting London 2012 ticketholders, from across the world, to try and set a new world record for the most number of people offsetting their travel carbon to a single event. In so doing, BP's not-for-profit carbon management scheme is seeking to create awareness of the environmental impact of all
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The CSE Council announced that it has accepted the listing of 3,400,000 shares of nominal value 10c of Wargaming Public Co Ltd (CSE: WG) in the Emerging Companies Market (NEA). The issuer is exclusively responsible for distribution rights of the internet game “World of Tanks”, as well as other games that are under development. The
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* IKOS founder’s ex admits to copying secret files * BY PETROS MAVROS The estranged husband of the founder of one of Europe’s biggest hedge funds has admitted to secretly copying the company’s unique trading software, a London court has heard. Martin Coward confessed for the first time that he downloaded the software while still
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The state has the obligation to step in and provide support to the banking system to ensure that it continues to operate and function smoothly, Finance Minister has said, underscoring that the state intervention will be made not by choice but when necessary and upon the invitation of the competent supervising authority. In statements to
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There is a gender dimension to unemployment Minister of Labour and Social Insurance Sotiroula Charalambous has said. Addressing an event organised by a Business and Professional Women Association on the subject of women and unemployment, Charalambous explained that in the beginning of the crisis men were affected more than women did by unemployment, adding this
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Greece's prime minister won the backing of his cabinet on Wednesday to hold a referendum on a 130 billion euro bailout package but will find the stunned euro zone leaders who engineered the deal last week harder to convince. Some of his party lawmakers called for him to quit, accusing him of endangering Greek euro
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Last-gasp APOEL Nicosia pulled off another shock by beating former European Cup winners Porto 2-1 to remain top of Group G on Tuesday and close to becoming the first Cypriot team to reach the Champions League last 16. Gustavo Manduca struck on 90 minutes to send 25,000 fans into raptures after Porto, who were surprisingly
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* Sarkozy, Merkel to push speedy euro zone plan implementation * Meeting to include IMF, EU institutions ahead of G20 in Cannes * French leader to hold ministerial meeting later on Tuesday * Sarkozy ally says Greece being "totally irresponsible" French President Nicolas Sarkozy and German Chancellor Angela Merkel will hold an emergency meeting with
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