The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, one of its top policy-makers said on Tuesday. "Until we have a clear sense of what will prevail, monetary policy makers must remain poised to act if slowing growth fails
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Oil prices fell to around $112 on Tuesday after a tropical storm in the Gulf of Mexico avoided oil and gas installations. U.S. crude was 54 cents lower at $112.33 a barrel by 1455 GMT. London Brent crude fall 86 cents to $111.08. Oil fell for the fourth trading day as Tropical Storm Fay, the
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Apple Inc has issued a software update for the latest iPhone to help fix connection problems that led to a flurry of online complaints from customers, a European mobile service provider said on Tuesday. T-Mobile, owned by Deutsche Telekom AG, said the software was available for users to download to their iPhones on Tuesday, but
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Greece’s Deputy Foreign Minister Theodoros Kassimis will attend a meeting of overseas Cypriots, who gather annually on the island to discuss various issues that concern them, in particular the question of Cyprus. The 22nd conference of the World Federation of Overseas Cypriots (POMAK) and the International Coordinating Committee “Justice for Cyprus” (PSEKA) and the fourth
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Tourism arrivals in Cyprus were disappointing in July, with the number of arrivals falling year no year by 2.8% to 342,554, compared with 352,423 in July 2007. Although there was a small icnrease from the all-important UK market, which supplies more than half of all tourists, and a large increase from Russia, there was a
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Kikis Lazarides, President of the Cyprus Olympic Committee, has expressed satisfaction with the Cyprus Olympic team at the Beijing Olympic Games. Speaking to CNA, Lazarides said that “we expected some of the Cypriot athletes to have very good performances”. However, “to have three Olympic champions (Antonis Nicolaides, George Achilleos, and Andri Eleftheriou) in the team
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The number of the residents of Cyprus travelled abroad in July 2008, recorded an increase of 12,9%, compared with the corresponding month in 2007. According to the results of the Passengers Survey of the Statistical Service of the Republic of Cyprus, 137.419 residents of Cyprus travelled abroad in July 2008 compared to 121.708 in the
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Japan's trade ministry said on Tuesday that three fires had been caused by overheating Apple iPod nanos, which it said could be due to a battery defect. No one was injured in the three fires involving the music players made by Apple Inc but the government said in a statement Apple had reported two other
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Home Depot Inc, the world's largest home improvement retailer, reported higher-than-expected quarterly profit on Tuesday as it held down costs and consumers took on spring projects. Earnings declined to $1.2 bln, or 71 cents a share, in the second quarter ended on August 3, from $1.59 bln, or 81 cents a share, a year earlier.
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Britons' inflation expectations are running at their highest level since 1992, according to a survey on Tuesday which flagged the risk that price pressures could generate higher wage demands. The Barclays Survey of Inflation Expectations for August showed inflation was seen at 4.8% in two years' time, the highest since comparable records began in 1992
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