European shares jumped for a fifth straight session on Monday, led higher by financials, as investor sentiment improved following further assurances over the health of the U.S. banking sector. At 0948 GMT, the FTSEurofirst 300 index of top shares was up 2.3 percent at 718.41 points, extending the previous session's gain of 0.8 percent. But
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Apple will hold an event Tuesday to preview new software for the iPhone, the company said. Apple said in an email invitation on Thursday that it will provide a "sneak peek" at the iPhone 3.0 software, along with information about the new software kit that third-party vendors use to create applications for the device. The
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Companies and celebrities ranging from Arsenal football club to actress Scarlett Johansson filed a record number of "cybersquatting" cases in 2008 to stop others from profiting from their famous names, brands and events, a United Nations agency said on Sunday. Web sites in dispute in 2008 included references to Madrid's 2016 Olympics bid, the British
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Federal Reserve Chairman Ben Bernanke said the U.S. economy should start recovering from recession next year if there is the political will to complete the costly rescue of the shattered banking system. Battered U.S. banks showed signs of life last week, with Citigroup, Bank of America and JPMorgan Chase saying they have returned to black
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OPEC's decision on Sunday to resist new supply cuts laid the ground not just for cheaper oil to help heal the economy, but for warmer relations with the world's biggest energy consumer. Two days after U.S. President Barack Obama called Saudi King Abdullah, OPEC said it would stick to existing supply targets, even though fuel
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Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking industry sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying. European shares were poised to build on their rally with a rise of nearly 1
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Marios Garoyian was officially declared President of the Democratic Party (DIKO) at the Pancyprian Electoral Congress of the party that took place in Nicosia. Garoyian, who has been President of DIKO since 2006, was re-elected unopposed for a further four-year term. The Electoral Congress of the Democratic Party (DIKO) was concluded Sunday. Giorgos Kolokasides was
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Citroen Racing's Sebastien Loeb secured an emphatic victory in the 2009 Cyprus Rally, round three of the 2009 FIA World Rally Championship (WRC), and re-wrote his own record books by securing a landmark 50th WRC victory in Limassol on Sunday afternoon. The Frenchman has taken the world of rallying by storm since sealing his first
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. It’s that time of year again, when an earnest group of specialists tastes more than a hundred local wines and pronounces upon them. Winners get a certificate and the right to put little stickers on the bottles they sell, telling the public of their Bronze, Silver or Gold Medals. No doubt this is the
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Full national accounts data for the fourth quarter show that Cyprus recorded a respectable real GDP growth rate of 3.7% in 2008. However, growth in the last two quarters was propped up by a government spending as household consumption and investment slowed sharply. The GDP growth rate in the fourth quarter of 2008 slowed to
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