By Nick Carey Three years after Hurricane Katrina wrecked parts of New Orleans, all that separates the biggest successes and failures in the city's revival is a short drive. Fifteen minutes by car takes you from the elegant streets of a French Quarter once more bustling with tourists — albeit fewer than pre-Katrina — to
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By Linda Sieg Japan's flirtation with nationalism is fading with its faltering economy, and with policymakers focused more on soothing consumers' worries than fostering patriotism, ties with Asian rival China are likely to stay calm. The ruling bloc's concern with bread-and-butter matters such as rising prices and pensions in the midst of a possible recession
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Asian stocks fell on Wednesday, with regional shares outside of Japan hitting a 17-month low, on the growing risk of a sharp global economic slowdown. The dollar hovered near six-month highs against a basket of major currencies, with investors watching oil and stock markets for direction. Data showing Japan's economy contracted in the second quarter
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Louis Ltd. has joined a consortium short-listed to develop and operate a new cruise terminal at Marseilles at a time when its other joint venture to develop the Larnaca marina and port area has hit a snag. The CSE-listed travel giant and parent company of Louis Cruise Lines, has been chosen as a preferred bidder
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The dollar hit a six-month high against a basket of major currencies on Tuesday, benefiting from weakness in commodities, as investors looked beyond U.S. growth worries to a slowing global economy. The euro slid to a six-month low against the dollar, while the pound slipped below $1.90 to a 21-month trough, as fears grew that
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President of the Republic of Cyprus Demetris Christofias visited on Tuesday the Olympic Village where he met Cypriot athletes, competing in the 2008 Beijing Olympic Games. “We may be small but we have a big heart," he said of Cyprus and the 17-member Olympic team which represents the country at the Olympics. He said Cyprus
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Cyprus has protested to the UN new violations of its airspace and Nicosia FIR (Flight Information Region) by Turkish fighter jets. According to an official press release, a letter dated 1 August 2008 was sent by Charge d' affaires of the Permanent Mission of Cyprus to the UN, Louis Telemachou to the Secretary – General
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OTKRITIE FC and Eric Kraus signed mutual cooperation agreement. Under the terms of agreement Kraus will operate as the Company’s Special Adviser for Global Strategy. “Broad experience of Kraus in the capacity of an international financial institutions’ analyst, his singularity as well as outstanding analytic reports are highly appreciated far beyond our Country,” said Shani
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The U.S. Securities and Exchange Commission is working to unveil a proposal next month that would permanently tighten existing rules for short selling, the New York Post said citing people in talks with the agency. The sources told the paper the SEC's staff is considering the expansion of the temporary rule put in place last
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Russian President Dmitry Medvedev ordered a halt to military operations in Georgia on Tuesday, after five days of fighting and just before French President Nicolas Sarkozy was to hold peace talks in Moscow. A Kremlin spokesman confirmed Russian news agency reports that Medvedev had issued instructions to the Defense Ministry to "stop the operation to
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