Using computers in the classroom does not lead to an improvement in the average performance of students in math and science, according to a recent study by the Ifo Institute. “But the average result masks the fact that the use of computers has opposing effects in different areas”, said Ludger Woessmann, Director of the Ifo
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The record corporate high-yield issuance of $30 bln in 2014 from Italy, Spain, Portugal, Greece and Ireland is unlikely to be repeated in 2015 as caution returns to debt capital markets, Moody's Investors Service said in a report. "With concerns about the creditworthiness of some of the euro area periphery sovereigns re-emerging, as highlighted by
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By Jameel Ahmad, Chief Market Analyst at FXTM Following the FOMC statement last Wednesday evening, the currency markets are generally lacking direction and this is showing no signs of settling down quite yet. The USD can be still be seen suddenly alternating between bullish and bearish momentum, which has resulted in other currencies experiencing more
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M.M. Makronisos Marina Ltd., developer and operator of the €220 mln Ayia Napa marina project, has submitted a €25 mln deposit to the Cyprus government and work is expected to get underway with the relevant permits already issued. The 600-berth project, that includes Egyptian investor Naguib Sawiris as one of its strategic partners, is expected
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The economic climate was marginally retarded in March, due mainly to a worsening state of the retail sector and a drop of confidence among consumers. The 0.2 point drop in the Economic Sentiment Indicator conducted by the Economics Research Centre of the University of Cyprus, followed a 0.9 point improvement in the February survey. The
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Middle East banks are set to increase their share of global transaction banking revenues by at least 25%, according to a survey conducted by iGTB, the world’s first complete transaction banking platform. The iGTB Middle East Client Advisory Event brought together 68 elite industry thought leaders for a conference on “The decade of Transaction Banking:
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Emirates, contributes to the direct, indirect and induced employment of 560 Cypriots in Dubai and for its daily operations in Cyprus. Across the EU in 2013/14, Emirates supported 85,100 jobs, equivalent to €6.8 billion GDP of the total EU GDP. In addition, Emirates’ Airbus A380 deliveries for the same period supported 41,000 jobs, equivalent to
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The strengthening US dollar has created external pressures in some countries, as reflected in weakened currencies and declining foreign exchange reserves, said a Moody's report. "The strengthening of the US dollar, the anticipated rise in US interest rates and subdued growth prospects for some countries are making investment in these markets less attractive," said Marie
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* Market share at 30-40% says CEO Marios Clerides; insurance business to get a boost with Allianz products * “Is this the weekend that we will have a haircut, or the next?” This was the talk that drove thousands of depositors at the Cooperative credit societies (SPI) last year to fear a new bail-in on
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* Weak tourism will mean another year of contraction in 2015 * After three years of recession, the Cypriot economy had appeared on course to return to growth in 2015, helped by lower oil prices, but the impact of the deep recession expected in Russia on tourism and the banking sector will defer the recovery
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