A forgotten short film featuring footage of comic legend Charlie Chaplin is expected to fetch over 100,000 pounds ($165,000) when it goes under the hammer next month, auctioneers Bonhams said on Tuesday. "Charlie Chaplin in 'Zepped'", believed to be a propaganda film made in Britain during World War One, was discovered inside a battered old
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Dutch electronics group Philips Electronics said on Tuesday it was recalling several million hair dryers due to safety concerns, but the costs of the recall will not have a material impact. Company spokesman Steve Klink said Philips had learned of a safety incident reported by consumers in Korea and an investigation had uncovered a faulty
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France's government will have to pay out several hundred million euros to compensate farmers hit by its driest spring in 50 years, chiefly livestock breeders who face high feed costs, the agriculture minister said on Tuesday. Bruno Le Maire also said that French bank Credit Agricole had agreed to provide 700 mln euros ($1 bln)
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Greece appears to have agreed a tax cut with its international lenders, aimed at forging a broad consensus for more austerity to avoid a debt default, but the opposition said on Tuesday this would still not win its support. International lenders are demanding that leading Greek political parties sign up to the government's latest austerity
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* Banks could absorb impact of a 50% Greek haircut * Fitch ratings cut Cyprus's sovereign rating by three notches to A- on Tuesday, saying it was concerned about its banks' exposure to Greek debt and the impact this could have on the island's finances. The outlook was negative, the agency said. Its sharp downgrade,
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Turnover of legal and accounting services leapt by 12.5% compared with the same period of the previous year in the first three months of 2011, while other data on turnover in services suggest that there are signs of life in the sector. Legal and accounting services fall under the broad category of “professional, scientific and
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The Cyprus ship management industry was in healthy shape at the end of 2010, according to latest results from the Central Bank of Cyprus’ Ship Management Survey. Ship management revenues rose in the second half of 2010 in constant (inflation-adjusted) terms by 7.3% compared with the second half of 2009 at a time when the
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More than half of female retirees in Cyprus fell into the “at risk of poverty” category in 2009, according to figures just released by the Statistical Service. The rate for retired women was 50.5% in 2009, up from 50.3% in 2008 but down from a peak of 52.1% before the communist-led government of Akel took
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The late Easter seems to have booted outbound tourism in April, with the number of residents of Cyprus returning from a trip abroad jumping by 20.6% to reach 110,672 residents compared with 91,737 in April 2010. Orthodox Easter (and, by chance, western Easter) was celebrated on April 24 in 2011 and April 4 in 2010.
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The construction sector looks set to remain in the doldrums for some time to come as the number of building permits authorised fell compared with the year earlier by 23.4% in May, to reach 740. The total value of these permits reached EUR 236.4 mln, a drop of 17.7% over the year earlier. The total
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