Airline adds a ninth gateway to its USA network Emirates, a global connector of people, places and economies announced that it is launching a daily service to Chicago’s O’Hare International Airport, Terminal 5 from 5th August 2014. The service will be operated by a Boeing 777-200LR powered by GE90 engines. Chicago will become the airline’s
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. The European Central Bank (ECB) President Mario Draghi takes the spotlight this week as the market’s attention turns to Friday’s Consumer Price Index data release for the 18-member Eurozone state. Volatility is expected in the market around Friday’s announcement, especially because January’s reading of 0.7% shocked the market confounding expectations for a rise to
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Finance Minister Haris Georgiades appealed for sense and calm to prevail on Monday in order for the privatisation bill to pass through parliament by next week and Cyprus to secure its next tranche of 234 mln euros in international aid. But revolting electricity authority employees were adamant in not giving up their perks and privileges
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Elena Rybolovleva, the estranged wife of Russia’s former fertilizer king Dmitry Rybolovlev, was apprehended by Cyprus police on Monday on the orders of a Limassol-based trust that claimed she stole “a rare item of immense value” owned by the trust. The item is believed to be diamond ring worth $25 mln and the property of
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The Centre for Innovation, Entrepreneurship and Employment (ΚΕΑ) has been set up with the aim of combating recession and unemployment in Cyprus. The centre is a collaboration between the business sector, the academic community and the public sector to find ways to deal with the effects of economic recession and the consequent crucial problems that
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The return of the sealed-off Varosha area of Famagusta to its lawful owners is expected to be one of the key elements of the negotiations on a comprehensive Cyprus settlement between both communities under UN auspices, pledged Enlargement Commissioner, Stefan Fule. Replying to Cypriot MEP Antigoni Papadopoulou on behalf of the Commission, Fule said that
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The European Commission announced today it approved the restructuring plan and restructuring aid measures for the Cyprus Cooperative Credit Institutions, paving the way for a government capital injection of €1,5 billion to cover the sector`s capital shortfall. "The European Commission has found recapitalisation and restructuring aid measures in favour of the Cooperatives Credit Institutions and
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Emirates, a global connector of people and places, is the most valuable airline brand worldwide for the third consecutive year, according to The Brand Finance Global 500 report for 2014 that was released this week. The airline, now at the 234th position in the list, is also the most valuable brand in the Middle East
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President Nicos Anastasiades is not dealing with a government reshuffle at the moment, especially after the junior coalition Democratic Party decided to break away over disagreement on dealing with the Cyprus problem, spokesman Christos Stylianides said on Monday. In a written statement Stylianides said “in regards to relevant press reports and information, the President would
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Cyprus President Nicos Anastasiades has warned that if Turkey continued to violate the offshore Exclusive Economic Zone (EEZ) by sending military vessels and unauthorised ressearch ships itno its waters, then Cyprus would withdraw from the negotiations for the solution of the Cyprus problem. In an interview with weekly newspaper “Kathimerini”, he referred to the beginning of the
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