Cyprus will by next week lodge to the EU an application for financial assistance over the damage inflicted to the island by the July 11 blast in naval base in Mari, in the southeast coast of the island, killing 13 persons, the shockwave of which destroyed Cyprus' main power station in nearby Vasiliko, Head of
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Health experts lamented a move by U.S. President Barack Obama to halt rules on limiting smog pollution, saying the decision could endanger many people already susceptible to respiratory problems. Under pressure from businesses and Republican lawmakers, the Environmental Protection Agency had delayed issuing a rule on ozone limits several times. On Friday, Obama unexpectedly told
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Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search for a permanent leader to spearhead a battle in online advertising
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Greece will hand its central bank a tighter supervisory grip on its banks to shield the system from the fallout of a severe debt crisis, according to a draft law tabled on Tuesday. The law would also ratify the new powers of the EFSF rescue mechanism. Euro zone leaders agreed on July 21 to allow
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Revenue from tourism leapt by 18.8% over the year earlier to EUR 274.4 mln in July, according to the Passenger Survey, compared with EUR 231.1 mln in the corresponding month of 2010. For the period January – July 2011 revenue from tourism is estimated to have increased by 17.5% to EUR 951.4 mln compared with
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Unemployment rose in August on both a nominal and seasonally adjusted basis. According to the seasonally adjusted data, the number of registered unemployed increased in August to 28,328, from 27,804 in July. In absolute terms the number of unemployed rose by 19.2% to 26,657. The increase was mainly in the sectors of trade (an increase
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The number of building permits authorised in January – June 2011 fell by 12.9% compared with the same period of the previous year to 4,024. The total value of these permits decreased by 24.6% and the total area by 29.3%. Τhe number of dwelling units recorded a decrease of 42.2%. In June alone, 696 permits
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Inflation eased in August as the consumer price index increased by 2.9% compared with 3.7% in July 2011 and 3.2% in August 2010. Compared with the previous month, prices increased by 0.05%. This was mainly owing to increases in the prices of certain fresh vegetables, electricity, petroleum products and package holidays. Decreases were recorded in
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* Is Cyprus next? * Prime Minister Tayyip Erdogan said on Tuesday Turkey was freezing defence industry trade with Israel and stepping up Turkish naval patrols in the Eastern Mediterranean, deepening Ankara's feud with the Jewish state. "The Eastern Mediterranean is not a strange place to us. Aksaz and Iskenderun, these places have the power
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Scores of Libyan army vehicles have crossed the southern desert frontier into Niger in what may be a dramatic, secretly negotiated bid by Muammar Gaddafi to seek refuge in a friendly African state, military sources from France and Niger told Reuters on Tuesday. Several hours later, Al Jazeera television reported that rebels had struck a
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