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Business - Page 815

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Global 2010 recorded music sales fall about 9%

Global recorded music sales fell around 9 percent last year as rampant piracy cut into major markets, threatening jobs, investment and the discovery of new artists, the industry's trade body said on

20th January 2011
Business

Priceless icon from occupied Cyprus returned to Church

An 18th century post-Byzantine icon of Chirst, which belongs to the Church of Agios Charalambos in the Turkish occupied village Neo Chorio Kythreas, has been returned to its rightful owner, the Church

20th January 2011
Business

EasyJet faces tough 2011 as fuel costs rise

EasyJet said higher fuel prices and uncertain economic conditions would make 2011 a tough year, after the British low-cost airline took a 31 million pound hit from the big freeze and strikes

20th January 2011
Business

Pissarides: Credit ratings agencies not always right but markets follow them

Credit ratings agencies are not necessarily credible but unfortunately the markets follow their forecasts, Nobel Prize laureate Christopher Pissarides stated today. Pissarides who was speaking in a Press conference said that in

20th January 2011
Business

Former Swiss banker linked to WikiLeaks goes on trial

Former Swiss banker Rudolf Elmer admitted on Wednesday he sent private client data to tax authorities as he went on trial for breaching bank secrecy, but denied blackmail and a bomb threat

19th January 2011
Business

FTSE slips slightly, retail gloom nags sentiment

Britain's top shares fell slightly early on Wednesday as gains from commodity stocks, supported by firm raw material prices, were outweighed by falls from banks, while retailers suffered from high street gloom.

19th January 2011
Business

World stocks hit near 2 1/2-yr high; dollar falls

World stocks hit their highest in nearly 2-1/2 years on Wednesday and the dollar dipped to eight-week troughs as strong fourth-quarter corporate earnings boosted confidence the world economic recovery would keep its

19th January 2011
Business

Merkel says Germany will do what’s needed for euro

Germany will continue to do what is necessary to guarantee the stability of the euro, Chancellor Angela Merkel said in an interview with Stern magazine released on Wednesday ahead of publication on

19th January 2011
Business

British Minister of State: No partition in Cyprus

The British government has reiterated its commitment to a solution in Cyprus based on a bizonal, bicommunal federation, noting that it is not interested in arguments about the partition of the island.

19th January 2011
Business

Cyprus to consider all facts before deciding on natural gas

Cyprus' final decision on the natural gas will take into consideration all developments in the region as well as the possible natural gas reserves in the island's territorial waters, Minister of Commerce,

19th January 2011
Business
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