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Oil nears key $50-a-barrel mark

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Fresh violence in Iraq has seen oil prices surge to new records, nearing $50 a barrel. New York light crude reached $49.27 a barrel for the first time in European trading, following reports of a new attack on an Iraqi oil pipeline. Purnomo Yusgiantoro, president of oil cartel Opec, told reporters he was concerned about

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Militants claim to kill two Pakistanis, Al-Jazeera reports

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Militants claim to kill two Pakistanis, Al-Jazeera reportsMilitants claim to kill two Pakistanis, Al-Jazeera reportsMilitants claim to kill two Pakistanis, Al-Jazeera reportsMilitants claim to kill two Pakistanis, Al-Jazeera reportsMilitants claim to kill two Pakistanis, Al-Jazeera reportsMilitants claim to kill two Pakistanis, Al-Jazeera reportsMilitants claim to kill two Pakistanis, Al-Jazeera reportsMilitants claim to kill two Pakistanis,

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Cyprus is ageing

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According to the recently published by the European Commission ‘Ageing Report’, the Cypriot economy is expected to experience a slowdown of economic growth over the coming decades, from 4.3% during 2004-2010 to 3.5% in 2011-2050, because of the ageing of the population and an assumed slowdown of labour productivity growth. The Report points that the

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