Social networking site MySpace, extremely popular among youth and amateur users, has reached 70 mln active monthly unique users, with one in four Americans using the site, according to comScore MediaMetrix. ComScore’s new data shows that the site gained 2 bln page views from May to June with users spending triple the time on MySpace
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With five months to go to the adoption of the euro, Cyprus has made good progress but needs to speed up its preparations, whereas Malta‘s activities are very advanced, the European Commission concludes in its fifth report on preparations in countries wishing to join the euro area. In the report published Monday, the Commission calls on
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Construction output in Cyprus accelerated in the first quarter of 2007 according to preliminary figures from the Statistical Service, Cystat. Gross output rose by 4.7% over the first quarter of 2006, compared with a year-on-year rise of 3.0% in the fourth quarter of 2006 and 0.9% in the third quarter of 2006. The main driving
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Cypriots demonstrators demanded during a gathering in London on Sunday that the British government takes initiatives to create the conditions that would lead to a settlement of the Cyprus problem. The gathering in Trafalgar Square , organised by the National Federation of Cypriots in the United Kingdom, was held to mark the 33rd anniversary of
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Cyprus President Tassos Papadopoulos said Monday that the issue of missing persons is not merely a question of exhumations and identification of remains, but a matter of respect of the dignity of those missing and their next of kin. In all, 15 Greek Cypriots listed as missing since the Turkish invasion in 1974, whose remains
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Standard & Poor’s Ratings Services said that it assigned its ‘B’ long-term and ‘C’ short-term counterparty credit ratings to Russian West Siberian Commercial Bank (WSCB). At the same time, the ‘ruA-‘ Russia national scale rating was assigned. The outlook is stable. “The ratings reflect the bank’s weak capital, high credit risks emanating from the loan
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The four new Ministers, appointed on Friday by Cyprus President Tassos Papadopoulos were sworn in Monday, at a special ceremony at the Presidential Palace.The new Ministers, appointed after the resignation of four members of the Cabinet in the wake of the dissolution of the tri-party coalition due to left-wing AKEL’s decision to run for the
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ESEL – SPOLP, the operators of Coop shops in Cyprus for the past 65 years, plan to open a new E&S store in Larnaca by the end of the year, while plans are underway to open a major supermarket in Nicosia and another store in the Polis Chryosochous area. The group, that includes seven E&S
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Vigorous economic growth in Western Europe has strengthened business sales and more than offset the impact of higher interest rates, giving an unexpected boost to credit quality, Moody’s Investors Service said in a new Special Comment. In a surprise development, it was speculative-grade, non-financial issuers that underpinned overall credit quality in the second quarter of
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By Mark Nowell, 3D Global  Educating children can be an expensive business, but, like many other financial commitments, there are real benefits in planning and saving early. People now travel all over the world to further their education. The most popular destinations are the UK, USA, Canada and Australia. An overriding factor when learning
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