Britain's prime minister said on Friday a "vast expansion" of carbon-cutting technologies was crucial to economic recovery but drew criticism for not announcing new support. Gordon Brown chaired a meeting of business leaders meant to rally ideas for what he called a new industrial strategy, to promote a green economy which he said would employ
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U.S. job losses failed to match the wilder fears of financial markets on Friday, sending stocks higher and setting Wall Street up for a strong start. The dollar, however, extended losses against a basket of major currencies, moving away from three-year highs. U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its
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On the occasion of the International Women's Day on 8 March, which this year carries the theme 'Women and men united to end violence against women and girls', Commissioner Benita Ferrero-Waldner reaffirms the Commission's continuing political and financial commitment to fight for women rights. Empowerment of women is a topic which continues to be high
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U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its highest in 25 years, as companies buckled under the strain of a recession that is showing no signs of ending, according to a government report. While that figure was near economists' expectations for a 648,000 drop in non-farm payrolls, January and December
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The active participation of Cyprus in European affairs and its contribution to forming policies and programmes, assign prestige to the country, which has produced positive outcomes for the country, along with responsible and well documented assertion, President of the Republic of Cyprus Demetris Christofias said on Friday. In his opening remarks during a press conference
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President of the Republic of Cyprus Demetris Christofias assured on Friday that he would continue to strive towards achieving a just, viable and functional settlement of the Cyprus problem, noting that the key to a solution was in Turkey, which should change its intransigent policy, and that efforts within the EU and the international community
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Fotos Kallias will face Frederico Gil on the opening game of the Davis Cup Europe/Africa Zone Group II between Cyprus and Portugal that is taking place in Nicosia from 6-8 March. The match starts today on 1500 local time at Cyprus’ National Tennis Centre. The opening ceremony will take place on 1445. After the first
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The dollar rolled back sharply from three-year highs on Friday and demand for euro zone government debt rose as investors fretted that U.S. employment data would be worse than previously forecast. Japanese shares tumbled to a fresh 25-year low on worries about the global banking industry but European shares put in modest gains. The U.S.
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British factory gate inflation slowed to its weakest in nearly 1-1/2 years in February, as firms came under pressure to keep down prices, and input price inflation eased, official data showed on Friday. Producer price inflation fell to 3.1 percent last month, the lowest annual rate since September 2007. The ONS said the fall was
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British manufacturers' input costs rose more than expected in February, as a weaker pound made it dearer to import crude oil, official data showed on Friday. The Office for National Statistics said input prices rose by 0.6 percent in February. That was much higher than the 0.1 percent increase forecast by analysts and compared with
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