China's poultry sector has recorded losses of more than 10 billion yuan ($1.6 billion) since reports emerged of a new strain of bird flu two weeks ago, an official at the country's National Poultry Industry Association told Reuters on Tuesday. Authorities have slaughtered thousands of birds and closed live poultry markets in Shanghai and Beijing
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Two bombs ripped through the crowd at the finish line of the Boston Marathon on Monday, killing two people and injuring dozens in what a White House official said would be handled as an "act of terror." President Barack Obama promised to hunt down whoever was responsible for the attack on a day when tens
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U.S. stocks posted their worst day since Nov. 7 on Monday as big declines in the price of gold, oil and other commodities fed a broad selloff in equities. Weaker-than-expected data from China sparked the initial decline, but selling accelerated late in the session as reports of two explosions in Boston near the finish line
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John Barton, the chairman of No. 2 British clothing retailer Next Plc, is poised as the front runner to chair low-cost airline easyJet Plc, Sky News reported on Monday, citing a source. Sky News said Barton, 68, was on a shortlist of contenders vying to replace Sir Mike Rake, who will step down this summer
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Hundreds of protesters clashed with police in the Venezuelan capital on Monday after opposition presidential candidate Henrique Capriles called for demonstrations to demand a recount of votes from Sunday's election to replace the late Hugo Chavez. Police used tear gas to disperse young demonstrators who threw rocks and sticks in an upscale district of Caracas.
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Once a strong sector in Cyprus, outbound tourism tumbled in February by 17.5%. On the basis of the Passengers’ Survey 60,076 residents of Cyprus returned from a trip abroad in February 2013 compared with 72,824 in the corresponding month of 2012. There was a fall of 15.3% in the number of the trips of residents
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Cyprus was deep in recession even before the March crisis hit. Turnover in the wholesale trade sector excluding motor vehicles and motorcycles dropped by 2.2% over the previous three-month period in October-December 2012. For 2012 a whole turnover declined by 6.2%. Meanwhile, turnover in the wholesale and retail trade sector including repair of motor vehicles
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The construction sector in Cyprus has been in decline since the middle of 2008 and January was no exception. The number of building permits authorised by the municipal authorities and the district administration offices dropped by 12.4% to 486 in January compared with 555 in January 2012. The total value of these permits reached fell
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Cyprus non-EU exports soared in Jan-Feb Total exports from Cyprus were doing well in the first two months of the year according to provisional data from the Statistical Service, Cystat. Total exports including re-exports rose by 11.1% over the year earlier to EUR 221.7 mln, while imports, held back by depressed domestic demand, fell by
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Imports from the Visegrad V4 Group of Poland, Hungary, Czech and Slovakia reached 70.2 mln euros last year, with the embassies and trade delegations of the four countries hosting an investment forum at the Hilton Hotel in Nicosia on Friday. The forum on “Secure Amid Crisis”, aims to promote current opportunities and investment ideas in
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