Modelled on the hawkish, inflation-fighting Bundesbank, the European Central Bank is used to focusing on containing price rises rather than worrying about them increasing too slowly – or even falling. But now ECB policymakers are keenly aware that inflation in their 17-country euro zone risks slipping further below their target of just under 2 percent,
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Heavily indebted euro zone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work as a result of plans for Cyprus to sell gold to meet its financing needs. A European Commission assessment of what Cyprus needs to do as part of its European Union/International Monetary Fund bailout
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The Italian coastguard rescued almost 500 migrants crammed into five small inflatable boats off the Sicilian coast in the Mediterranean Sea after receiving distress calls overnight, the coastguard said on Thursday. Coastguard spokesman Marco di Milla said the migrants, mostly from sub-Saharan Africa, included some pregnant women and several people in need of hospital treatment.
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Microsoft today announced leadership changes in both Cyprus and Malta. Georges Petrakides, previously the Enterprise Partner Group (EPG) Lead for Microsoft Cyprus, is the new Country Manager for the country. George has been with Microsoft for ten years and during the past five years he led the company’s EPG business in Cyprus. Prior to joining
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Important personalities at the Global Russia Business Meeting With the participation of over 300 personalities from 40 countries, the international meeting “Global Russia Business Meeting 2013” begins on Sunday and wraps on Monday night in Limassol. The Meeting is under the auspices of the President of the Republic, Nicos Anastasiades, and hosted by the Cyprus
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Brazil will fail to implement so-called fourth-generation wireless technology in the 700 megahertz spectrum used elsewhere in the world in time for the 2014 soccer World Cup, the president of telecommunications industry regulator Anatel told Reuters. The situation, however, will not prevent tourists from using their mobile phones in the country, said Jõao Rezende, president
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Four Japanese automakers including Toyota Motor Corp, and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers. The move announced on Thursday is the largest recall ever for airbags made by Takata, the world's second largest supplier
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easyJet, Europe’s No 1 air transport network, this week starts its search to fill 200 new, additional pilot positions in 2014. For successful applicants the new roles will provide the first step towards a long term career with easyJet and will also enable the airline to continue its profitable expansion which recently included launching new
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British retailer Marks & Spencer posted a seventh straight quarterly fall in underlying sales of clothing and homewares, having to rely on a strong performance from its food business to deliver overall growth. Marc Bolland, chief executive of the 129-year-old retailer which has recently been the subject of takeover speculation, is under pressure to revive
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Fallout from the messy bailout of Cyprus will top the agenda of a two-day EU finance ministers meeting in Dublin beginning on Friday, with focus also on growing German reluctance over euro zone banking reform. Unease surrounding the rescue package for Cyprus grew on Wednesday after Reuters and other news organisations obtained documents detailing how
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