China may be ready to launch its first aircraft carrier in 2011, Chinese military and political sources said on Thursday, a year ahead of U.S. military analysts' expectations. Analysts expect China to use its first operational aircraft carrier to ensure the security of its oil supply route through the Indian Ocean and near the disputed
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Almost 5 million Britons are expected to go online on Christmas Day and spend over 150 million pounds ($232 million) as they look to grab bargains and beat a rise in January in VAT sales tax, a retail group said on Thursday. IMRG, the industry body for Internet retailers, is predicting that 4.8 million shoppers
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SHOCKING IMAGES RELEASED WHILE RYANAIR REFUSES TO COMMENT ON ‘TEST FLIGHT’ SPECULATION Ryanair, Europe’s airline, yesterday 22nd Dec confirmed that the Captain of flight FR1397 from Olso Rygge to London Gatwick reported an Unidentified Flying Object to Aviation Authorities after passengers released shocking images taken onboard the aircraft some 200km south of Oslo. Aviation
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Telecommunications company NOKIA informed the Ministry of Communications and Works that maps of the Republic of Cyprus will be reintroduced in its offered services, rectifying its previous “mistaken” action to remove the maps, an official announcement says. According to the announcement, the company informed the Ministry that all necessary actions are taken to include again
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Cyprus achieved its two basic goals for growth rate and the reduction of the fiscal deficit below 6% of GDP for 2010, Finance Minister Charilaos Stavrakis has said. Speaking to a press conference concerning the public finances in the first eleven months of 2010 and the prospects for 2011, Stavrakis said that just a few
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— ‘Green skills’ to create 5,000 new jobs — Incentives announced by the government earlier this year have helped Cyprus employers hire nearly 1,000 university graduates and 1,400 jobless but skilled people this year, despite a recent rise in unemployment to 25,021 in November. Speaking at the launch of the ‘Green Skills’ programme that aims to
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There are big risks to Canada's economy as the recovery slows and officials should be ready to take additional steps to safeguard growth if necessary, the International Monetary Fund said on Wednesday. The IMF forecast modest growth for this year and next, in line with the Bank of Canada. But it warned of the risks
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Spain's "El Gordo", one of the world's biggest lotteries, gave out 2.3 bln euros ($3 bln) in Christmas prizes on Wednesday with Spaniards spending almost the same as last year on tickets. The top prize this year was 3 mln euros, going to the series of tickets with the number 79,250. Because the tickets are
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A divided U.S. Federal Communications Commission banned Internet service providers like Comcast Corp from blocking traffic on their networks, provoking warnings the rules would be rejected in the courts and threats from Republican lawmakers to overturn them. The 3-2 decision on Tuesday highlighted a huge divide between those who say the Internet should flourish without
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China is ready to buy 4-5 billion euros ($5.3-$6.6 billion) of Portuguese sovereign debt to help the country ward off pressure in debt markets, the Jornal de Negocios business daily reported on Wednesday. The paper said, without citing any sources, that a deal reached between the two governments will lead to China buying Portuguese debt
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