President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat are holding on Thursday their second meeting of the second round of UN-led direct negotiations, aiming to reach a solution of the Cyprus problem and reunite the country, divided since the Turkish invasion of 1974. The meeting is scheduled to start at 10 a.m. at the
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Cyprus Assize Court begins today trial of ''Helios'' 2005 air crash, which resulted in the death of all 121 passengers on the Boeing 747 bound for Prague via Athens. Helios Airways as a legal person and four officials, Andreas Drakos Helios Executive Chairman, Demetris Panatzis Managing Director, George Kikkides Flight Operations Director and Ianco Stoimenov
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The European Court of Human Rights (ECHR) will deliver tomorrow its final judgment in the case of ''Varnava and Others V. Turkey'', relating to missing persons in Cyprus. In January 2008, the ECHR has found Turkey guilty of “continuing violation of Article 2 of the European Convention on Human Rights on account of failure of
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The Statistical Service reported that the industrial turnover index reached 128.5 (base 2005=100) in June 2009, recording a decrease of 10.8% compared with June 2008. Industrial production in the same period fell by 6.1%. For the period January-June 2009, the index recorded a decrease of 10.2% compared with the same period of the previous year.
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The outlook for the UK water sector is stable, reflecting its resilience despite declining consumption and increasing bad debts over the last 12 months, as well as the risk mitigants inherent in the regulatory framework, Moody’s Investor Service said in an in industry report. However, the sector faces challenges going forward, especially if the draft
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Asian stocks hit their highest level in 13 months on Thursday on signs the global economic recovery could be strengthening, while the dollar slid to a fresh one-year low as investor optimism eroded its safe haven appeal. Major European stocks futures were up 0.6 percent, and the euro climbed to a one-year high above $1.4738,
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President Barack Obama will pledge U.S. action on financial regulatory reform at the Group of 20 summit in Pittsburgh and underscore the need for global coordination on the issue, a senior aide said on Wednesday. "It is urgent," Michael Froman, Obama's top negotiator for next week's G20 gathering, told reporters. He added that there must
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The Bank of Japan said it was growing slightly more optimistic about the economy and financial conditions on Thursday, likely bringing it a step closer towards phasing out some of its measures to support corporate funding. But record deflation, rising job losses and weak capital spending may complicate the debate on the timing for exiting
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The fundamental credit outlook for the Italian insurance market is negative, in line with the negative outlook for the overall European insurance market, according to Moody's Investors Service. Unlike other European markets, the negative outlook for Italian insurance is driven primarily by structural changes to the nature of the sector and only partly by the
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The European Union will support maintaining policiesthat poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said. Leaders are due to discuss coordinating the withdrawal of economic stimulus packages, bank regulation, climate change and trade at a meeting
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