The state broadcaster CyBC needs to cut back its payroll by at least 100 people, experts have advised government, with Interior Minister Socratis Hasikos trying to calm nerves among the revolting workers by suggesting that job cuts does not necessarily mean layoffs. PwC has submitted a restructuring plan for the permanently-in-deficit CyBC tht calls for
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By Jameel Ahmad, Chief Market Analyst at FXTM There’s no disputing the USD hype train picked up substantial speed last week, but investors should be extra vigilant towards the US Dollar profit-taking we noticed on Friday afternoon continuing at the beginning of this week. Following a series of optimistic US economic releases, investors once again
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* Cyprus, Egypt, Greece sign historic agreement on political and energy front * Cyprus Foreign Minister Ioannis Kasoulides said that the trilateral summit and declaration of cooperation by the leaders of Cyprus, Egypt and Greece in Cairo on Saturday is not aimed against Turkey, but rather to establish political and economic stability in the eastern
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In the first three years since Emirates launched inflight Wi-Fi connectivity, over half a million passengers have connected to the internet onboard an Emirates flight, and this demand is expected to increase exponentially. Emirates, a global connector of people and places, and the largest international airline, today invests over US$20 million annually on installing and
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A new team of technocrats from the Troika of international lenders arrives on Monday to prepare the ground for the next review of the island’s economic adjustment programme some time in early January. Already, the Eurogroup of Eurozone finance ministers has approved the next tranche of 350 mln euros in bailout money that had been
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Greek Prime Minister Antonis Samaras has warned Turkey to stop its naval provocations in Cyprus territorial waters in order de-escalate the tense situation in the eastern Mediterranean and allow for UN-led peace talks to resume. Speaking in Nicosia on the eve of Saturday’s mini-summit in Cairo with President Abdel Fatah Al-Sisi and Cypriot President Nicos
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Hellenic Bank, one of the island’s four systemic banks that underwent stringent capital stress tests last month, has appointed Dutchman Bert Pijls as its new Chief Executive Officer. He replaces Marinos Yannopoulos who had been acting CEO since September, and now returns to his role as a non-executive director on the board. Yannopoulos, who
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Global Equity International, Inc. (GEQU) and its wholly-owned subsidiary Global Equity Partners Plc., appointed VT Hydrocarbon Holdings (Pte.) Ltd. to help raise $78 mln in order to acquire an LPG (liquid petroleum gas) storage tank facility in Jordan, with the amount already raised and secured in a letter of "Proof of Funds" from the potential
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British High Commissioner Ric Todd and Defence Advisor Colonel Seb Pollington visited WWII Cyprus Regiment veteran Loizos Demetriou in his Strovolos apartment as part of the UK activities in view of Remembrance Sunday this weekend. The diplomatic mission has also been paying tribute to the scores of other Cypriots who made such great sacrifices during
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Reflecting Toyota’s renewed focus on design, the new Yaris features more distinctive styling. It reinforces Yaris emotional appeal without sacrificing any of the rational strength of the original car. The Yaris front benefits from the development of Toyota’s “Keen Look and Under Priority” design concepts enhanced by the cross-shaped structure with the top and bottom
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