By Daniel Flynn Greece is locking hundreds of migrants in an overcrowded centre on the Mediterranean island of Lesbos without proper sanitation and medical care in what French charity Medicins Sans Frontiers branded a "humanitarian crisis". The migrants, most of them from war-torn Afghanistan, are kept in rooms clogged with stagnant water and only allowed
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The interest for the quarter 20/05/2008 -19/08/2008 on the floating rate Capital Securities Series B issued by Bank of Cyprus Public Company Ltd will be paid on 20th August 2008. The record date for those eligible to the interest payment is 6th August 2008, that is transactions that take place before market close of the
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The CySEC announced that at its meeting held on July 25, 2008 it decided to reject the application of Laser Investment Group Plc (LAS )for the approval of the Issued Title Note and the Short Note for the listing of 10,000,000 shares in the CSE, which have already been issued. According to the announcement, The
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Oil rose towards $124 a barrel on Monday after an attack on Nigeria's oil industry cut output, but signs of faltering demand in top consumer the United States limited gains. The U.S. Transportation Department said the number of miles driven on U.S. highways in May fell a record 3.7 percent from last year. That put
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Greek domestic economic activity is expected to decelerate in both 2008 and 2009, weighed down by tighter credit conditions and the dampening effects of higher oil and food prices on household disposable incomes, Eurobank EFG researchers note in their latest quarterly outlook on the Greek economy. At the same time, tourism, shipping and exports continue
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Companies that are due to begin their IFRS conversion projects over the next couple of years could be underestimating the full extent of what this entails, says KPMG. In the worst case scenario, this could lead to financial results being restated and, with the world’s financial markets currently so delicately poised, such a flurry of
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European shares fell in early trade on Monday with banks weighing on sentiment amid fears over more writedowns and failures and airlines struck by a profit warning at Ryanair. By 0814 GMT, the FTSEurofirst 300 index of top European shares was down 0.5% at 1,163.30 points. Banks were again the heaviest negative weight after U.S.
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A start-up led by former star Google engineers on Sunday unveiled a new Web search service that aims to outdo the Internet search leader in size, but faces an uphill battle changing Web surfing habits. Cuil Inc (pronounced "cool") is offering a new search service at http://www.cuil.com that the company claims can index, faster and
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U.S. retail gasoline prices fell sharply in the last two weeks, just below $4 a gallon, in line with retreating crude oil markets, and prices at the pump may slide further, an industry analyst said on Sunday. The U.S. average retail price for self-serve, regular unleaded gasoline fell to $3.9959, off nearly 12 cents in
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Inflation is a concern in the United States and headwinds to economic growth may be picking up, Minneapolis Fed President Gary Stern said in a newspaper interview published on Monday. Stern, a voter on the policy-setting Federal Open Market Committee this year, told the Financial Times that benchmark U.S. interest rates of 2% meant the
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