The dollar crawled up on Monday from a one-year low against other currencies as speculators booked profits on bets against the greenback, while the yen's surge threatened Japanese exporters and drove Tokyo shares down. European indexes were set for a weaker start, with futures on the Dow Jones Euro Stoxx 50 down 1.2 percent in
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European shares fell in early trade on Monday, breaking a six-session winning streak and pulling back from 11-month highs, with banks and commodity stocks leading the fallers. By 0751 GMT, the FTSEurofirst 300 index of top European shares was down 0.9 percent at 984.58 points, after hitting its highest closing level in 11 months in
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A strong shift towards renewable energies could create 2.7 million more jobs in power generation worldwide by 2030 than staying with dependence on fossil fuels would, a report suggested on Monday. The study, by environmental group Greenpeace and the European Renewable Energy Council (EREC), urged governments to agree a strong new United Nations pact to
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K&K Vasilikon Winery, Kathikas, Paphos K&K Vasilikon Winery, Kathikas, Paphos By Matthew Stowell At a recent wine conference in the U.S., I heard a panelist say, “The character of a wine is a direct reflection of the personality of its winemaker.” I’ve never found this statement to be truer than when I drink a glass
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. Singapore is the smallest nation in Southeast Asia and at 710 square kilometres is substantially larger than the sovereign city-states of Monaco and the Vatican City put together. It has no substantial tourist attractions, yet in the past 44 years of its independence, this highly cosmopolitan and diverse microstate has become the fifth wealthiest
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. BY COSTA VAYENAS Parlous times often breed towering personalities. The Great Depression saw John Maynard Keynes become the leading economist and one of the most prominent public intellectuals of his generation and beyond. So far, the current crisis hasn’t produced anyone whose stature is comparable to that of Keynes. But there is one candidate
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. By Adam Green Brazil and Mexico are in danger of going down the path blazed by Venezuela: after years of opening up trade and improving their economies they are reintroducing protectionism in oil and gas. This energy analyst describes how the real patriotic move would be to stimulate exploitation – and therefore employment and
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The first Taco Bell restaurant will open in Cyprus at the end of the year, probably at the MyMall in Limassol’s Zakaki, making this the second European market to develop the brand after Spain. PHC Franchised Restaurants, operator of the 29 Pizza Hut outlets on the island, as well as Wagamama in Nicosia and Athens,
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The market seems to be ripe for low-cost food and quick service restaurants, as following Taco Bell’s plans to open its first store in Limassol, other franchise operators also seek further expansion in Cyprus. A year after opening its flagship store in Nicosia, the Greek-style Pita Pan recently added Latsia to its network, raising the
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After a year of operations in Greece, Cyprus’ state-owned telco, Cyta, announced that it continues to implement its business plan for the Greek market “with great success” and far exceeded its initial expectations, denying press reports that its Greek subsidiary was in trouble or a possible takeover target. “From time to time, Cyta considers proposals
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