Cypriot Minister of Foreign Affairs departs tomorrow for Madrid, Spain, on a working visit, during which he will have talks with his counterpart Miguel Angel Moratinos. The talks will focus on bilateral relations and will cover European issues, such as the Barcelona Process-Union for the Mediterranean, as well as regional issues such as developments in
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The Ministry of Foreign Affairs calls on all Cypriots wishing to visit Thailand to postpone their journey unless there is a serious reason. Following a previous press release, the Ministry informs citizens that the Thai government on September 2 declared a state of emergency in the capital, Bangkok. ''The situation in the country remains unsettled
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Fears over the slowing global economy hit financial markets on Wednesday, knocking oil below $108 a barrel, pushing world stocks lower and lifting the dollar to 11-month peaks. U.S. crude oil prices fell 1.5% to $107.99 a barrel, nearly $40 below their July record peak, as weakening Hurricane Gustav shifted investors' focus back to the
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There is a risk global growth could come in below the IMF's forecast of 4.1% for 2008, the fund's First Deputy Managing Director John Lipksy told Reuters on Wednesday, saying inflation and commodity and energy prices remained a threat. "There's always a risk, but we really haven't sat down and finalized (our growth forecasts)," Lipsky
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The outlook for the pound is grim and it will weaken further from this week's lows against the dollar in the coming year as fears about a worsening British economy persist, analysts predicted in a Reuters poll. The survey of over 60 analysts, taken mostly after British Finance Minister Alistair Darling said that the economy
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Nokia, the world's top mobile phone maker, said on Wednesday it had started shipping its new flagship phone, the N96. The N96 has a 5-megapixel camera, 16 GB of internal memory, GPS navigation and it supports live television reception. Nokia said in a statement the phone was shipping in Europe, the Middle East, Africa, Asia
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TiVo Inc is developing a new digital video recorder for satellite TV provider DirecTV, rekindling a strained relationship and potentially opening the door to boosting its subscribers. The companies said on Wednesday that they had extended the current agreement. It now includes the development, marketing and distribution of a new high-definition DirecTV DVR featuring the
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Stocks dipped on Wednesday as investors fretted about the economy's health and the outlook for the beleaguered financial services sector. News of the demise of a hedge fund partly owned by Lehman Brothers left investors cautious about financial shares, while oil's sharp slide over recent months has markets concerned about slower global growth. The Dow
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Oil fell below $109 a barrel on Wednesday, weighed down by slowing demand in the United States and other consuming nations and signs the U.S. oil sector would recover quickly from Hurricane Gustav. U.S. crude traded down $1.44 to $108.27 a barrel by 1220 GMT after settling below its 200-day moving average, a key technical
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Iraq expects to gross $55 bln in a new 20-year oil deal it recently renegotiated with China, the government said on Wednesday. "Iraqi gross revenues obtained in the contract will be $55 bln, equal to 87% of total revenues of $63 bln," government spokesman Ali al-Dabbagh said in a statement. The estimate of Iraq's take
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