LONDON, Aug 7 (Reuters) – European shares ended Thursday's choppy session down slightly as concern about the reach of the credit crunch offset a potentially supportive shift in market expectations for no more euro zone rate rises this year. The European Central Bank and the Bank of England left their respective interest rates on hold,
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At least three people died and others were injured when a light aircraft crashed on Thursday while attempting to land at a small airfield in the Israeli port city of Haifa, emergency services said. A police spokesman said the plane was incoming from Cyprus. Eyewitnesses told Israel's Channel Two television that the plane hit an
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Twelve students have graduated recently from the Post Graduate Program in Environmental Health of the International Institute for the Environment and Public Health of the Harvard School of Public Health in Cyprus. The Harvard School of Public Health (HSPH) and the government of Cyprus have established an international research, education, and technology initiative for the
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The national football team of Cyprus has climbed up one position in FIFA’s world ranking. According to an updated list by FIFA, Cyprus is at the 62nd place worldwide, with 503 points, among over 200 teams. Cyprus’ average position from FIFA World Ranking creation is 78. The national team of Greece is in the 18th
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The number of unemployed registered at the District Labour Offices reached 11,883 persons on the last day of July 2008, compared 12,191 in July 2007. In the period January-July, unemployment dropped by 976 persons to 11,593 (using the averages of end-month data). Substantial year-on-year falls were recorded across five sectors: manufacturing (down 236), construction (down
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FRANKFURT, Aug 7 (Reuters) – The European Central Bank left rates unchanged at a near 7-year high of 4.25 percent on Thursday, confirming financial market expectations that rates would not change so soon after July's quarter percentage-point rise. ECB officials had given no hint that rates would be changed this month, and economists will listen
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The Bank of England held interest rates at 5.0 percent on Thursday for the fourth straight month, and borrowing costs are expected to remain on hold for a while as policymakers balance slowing growth and rising inflation. All 76 analysts polled by Reuters had predicted the no-change decision. Most expect steady rates for the rest
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The consumer price inflation in Cyprus rose again in July, recording 5.6% over July 2007, compared with 5.5% in June and only 2.4% in July 2007. Rates above 7% were recorded in the prices of transport (8.6%); restaurants (8.5%); housing, water, electricity and gas (7.7%); and food and non-alcoholic beverages (7.4%). Compared with the previous
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Oil recovered from three-month lows to rise by more than $1 on Thursday as supply concerns returned to centre stage in a market that has come under pressure from growing evidence of slower fuel demand. U.S. crude rose $1.11 to $119.67 a barrel by 0924 GMT, after the contract recovered from a three-month-low hit in
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European stocks rose in early trade on Thursday to hit a 5-week high as rallying energy and utility stocks offset insurers hit by poor results, while investors braced for key interest rate decisions. EDF gained 5.5 percent, boosted by planned increases in French electricity tariffs, while French water and waste management group Veolia Environnement surged
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