The 2013 Offshore Technology Conference in Houston, Texas was concluded on Thursday, reaching a 30-year high in terms of attendance. According to the organisers, this year‘s event attracted 104,800 visitors, up by 17% from last year. Among the visitors were Cypriot officials. OTC participants had the chance to take part in nine panel sessions, 29
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The yen sank to a four-year low against the dollar on Friday on robust U.S. jobs data and signs Japanese investors have begun buying foreign bonds, denting safe-haven German paper and helping lift European shares. The dollar's jump to a peak of 101.20 yen came as finance ministers and central bankers of the G7 countries
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Russia has agreed to extend the terms of its loan to Cyprus as part of its participation in the bailout of the indebted Mediterranean country, Cyprus's foreign minister said on Thursday. "And you remember, Berlin was asking for Russian participation (in Cyprus's problems)," Ioannis Kasoulides said after a talk at the Brookings Institution think tank
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In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday. The U.S. Justice Department accused eight men of allegedly forming the New York-based cell
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U.S. Federal Reserve Chairman Ben Bernanke is unlikely to attend the Group of Seven finance leaders' meeting on the outskirts of London this weekend, a G7 official said. The official, speaking after the dollar broke after 100 yen to its highest level in four and a half years, also said the G7 finance ministers and
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South Korean rapper Psy said he "partied hard" when his dance number drew its first 10 mln views on YouTube last summer. Little did he know "Gangnam Style" would become the most-viewed video in the online service's history, with a global following and nearly 1.6 bln views as of Thursday. "I partied hard to celebrate
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The decisive implementation of the terms of the Memorandum of Understanding agreed between the Cypriot authorities and the Troika (European Commission, European Central Bank and International Monetary Fund) on a €10 billion bailout is a one way street, if Cyprus were to return to a sustainable growth path with sound public finances, Central Bank of
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Cyprus energy consumption depends almost fully on imported refined oil products and this makes the country one of the most vulnerable in the European Union in terms of security of energy supply, a European Commission occasional paper says. According to the Commission document, under the title "Member States` Energy Dependence: An indicator – Based assessment",
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The European Commission has unveiled a new push to reinforce EU citizens’ rights with a series of actions to tackle obstacles that citizens still face in their everyday life. The 2013 EU Citizenship Report sets out 12 concrete ways to help Europeans make better use of their EU rights, from looking for a job in
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International Airlines Group reported a first-quarter operating loss of 278 million euros ($364 million) as continued weakness at its Spanish carrier Iberia wiped out progress at British Airways. The loss at IAG, Europe's third-biggest airline group by market value, was greater than the 249 million euro loss reported a year ago and above the average
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