The number of Arab tourists who drive into Lebanon is down by 90% this year after months of political unrest in Syria, the only neighbouring country with an open border into Lebanon, its tourism minister said on Thursday. Fadi Abboud said: "600,000 Arab tourists normally drive through Syria (into Lebanon) every year … 90% of
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The European Union's executive proposed a coordinated recapitalisation of banks on Thursday as the bloc's regulators met to check on the capital buffers of stressed lenders. "We are now proposing member states to have a coordinated action to recapitalise banks and so to get rid of toxic assets they may have," European Commission President Jose
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A typical household in Cyprus is estimated to have spent nearly 1.500 euro on its energy needs in 2009, according to the Statistical Service. On the basis of the results of an ad hoc survey carried out by the Statistical Service in 2009, a typical household in Cyprus is estimated to consume for its total
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Gross basic salaries for teachers entering the profession are lower than national GDP per capita in almost all European countries, and their pay will not even double over the course of their working lifetime, except in a handful of Member States, among which Cyprus. These are the main findings of a report comparing the salaries
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Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation said on Wednesday. Microsoft joins a host of other companies looking at Yahoo, which has a market value of about $18 billion
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* Tributes pour in for Steve Jobs from Samsung, Facebook, Google chiefs * Job's death stirs worries about Apple's innovative streak * Samsung key Apple rival and supplier * Samsung up 3.9 pct, LG rises 6.6 pct, Sony up in strong market The death of Apple's inspirational leader is likely to have a deep impact
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Starting breast cancer screening as early as age 25 may help women who carry a genetic mutation linked to a higher risk of cancer live longer, according to a U.S. study. Researchers, whose findings were reported in the journal Cancer, looked at which breast cancer screenings — mammogram or magnetic resonance imaging (MRI) — were
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Steve Jobs, the transcendent Silicon Valley entrepreneur who reinvented the world's computing, music and mobile phone industries and changed the daily habits of millions around the globe, died on Wednesday at the age of 56. His death after a years-long battle with pancreatic cancer sparked an immediate outpouring of tributes as world leaders, business rivals
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Sarah Palin said on Wednesday that she will not seek the Republican U.S. presidential nomination in 2012, ending months of speculation and leaving the Republican field largely settled. Palin had left the door open to a run but gave little sign of joining the race to challenge Democratic President Barack Obama. She made it official
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Cash-strapped euro zone minnow Cyprus said it would get a 2.5 bln euro loan from close ally Russia on Wednesday, skirting high yield-demanding traditional lenders with an interest rate less than half the going market rate. The bilateral deal, due to come into effect in January 2012, will see Cyprus get 2.5 bln euros at
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