One in eight people around the world is chronically undernourished, the United Nations' food agencies said on Tuesday, warning world leaders that some regions would fail in halving the number of hungry by 2015. In their latest report on food insecurity, the U.N. agencies estimated that 842 million people were suffering chronic hunger in 2011-13,
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U.S. stock futures and the dollar came under pressure on Monday as a shutdown of the U.S. government seemed ever more likely, while the euro had political troubles of its own as the Italian government teetered on the edge of collapse. Hardly helping was a surprise downward revision to activity in China's factory sector. While
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The Investigation Committee that probed Cyprus’ economic debacle delivered its report on Saturday. Committee chairman, Judge George Pikis, handed the report over to Secretary of the Council of Ministers, Theodosis Tsiolas, who is expected to deliver it to President Nicos Anastasiades upon his return from the U.S. where he addressed the 68th session o fthe
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The leader of Greece's far-right Golden Dawn party and four more of its lawmakers will appear in court on Tuesday to enter pleas on charges of belonging to a criminal organisation after being arrested following the killing of an anti-fascist rapper. They spent nine hours with prosecutors overnight and were taken at 3:30 a.m. on
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Greece has nominated a new chairman for its privatisation agency HRADF a month after his predecessor was dismissed, the finance ministry said on Saturday. Constantine Maniatopoulos was chosen to lead an organisation where asset sale delays and shortfalls in targeted revenues have caused headaches for Greece's international lenders overseeing the country's 240 bln euro bailout
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A judge in the southern Cyprus coastal town of Limassol has issued an arrest warrant for former Central Bank Governor Athanasios Orphanides who did not appear in court to hear charges of collusion in the plaintiff’s claim over mis-selling of Popular Laiki Bank’s convertible bonds. Lawyer Costas Melas said his client was mis-sold 400,000 euros
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Cyprus Labour and Social Insurance Minister Zeta Emilianidou has said that the real reserve of the Social Insurance Fund and the expected revenue to cover expenses will last until 2060 and therefore no further measures are needed. This means that present-day 18-year-olds are assured of a pension, but there is no indication if the ageing
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Significant research results in the field of embryology with potential applications in treating cancer, were published by a research team of the University of Cyprus in the scientific journal "Development". According to a press release by the University of Cyprus’ Department of Biological Sciences, the research team under Assistant Professor Dr Paris Skourides, succeeded in
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Total registrations of motor vehicles in Cyprus for January – August decreased by 34.1% to 12.421 from 18.847 in January – August 2012. According to figures released by the Cyprus Statistical Service, the number of private saloon cars registered decreased to 8.833 from 13.952 in January – August 2012, marking a decrease of 36.7%.
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Local commercial and cooperative banks have agreed to gradually reduce loan interest rates, as well as the cost of restructuring existing loans, according to a statement from the Central Bank of Cyprus. Discussion between representatives of credit institutions and Central Bank Governor Panicos Demetriades took place “in a climate of mutual understanding and the need
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