The number of people employed in Cyprus decreased by 4.8% during the fourth quarter of 2012, compared to the same quarter in 2011, according to data published by Eurostat on Thursday. The same data show a decrease in the number of persons employed in the euro area, by 0.3% and by 0.2% in the EU
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Latin America's Roman Catholics rejoiced that the new Pope Francis is one of their own, while the world has hailed him as a humble champion of the poor and wished him the strength to lead the Church out of crisis. Commentators said Francis had a reputation for being as conservative as his predecessor, Pope Benedict
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China Mobile Ltd said it plans to spend 41.7 billion yuan ($6.7 billion) developing 4G technology this year, hoping to tap pent-up demand for Apple Inc smartphones as it gets an iPhone model that will finally run on its network. The world's largest mobile carrier – with more than twice as many subscribers as there
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– Privatisations rarely politically popular – Few likely to take advantage of strong markets With Europe's stock indexes hitting their highest since before Lehman Brothers collapsed in 2008, privatisations could be a boon to the region's debt-laden governments, but while markets are no longer weak, politicians are still not willing. Countries across Europe, including Italy and
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As South Korean rapper Psy readies what he hopes will be his next hit song, aiming for a repeat of the viral "Gangnam Style", retailers are keeping a close eye on what he wears, hoping another blockbuster will send sales surging. From the tortoiseshell sunglasses to the two-toned Oxfords the chubby singer sported for his
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Two senators seen as possible candidates for the 2016 presidential election will address a conservative conference where Republicans will try to regroup on Thursday after their bruising election loss last year. Senators Marco Rubio of Florida and Rand Paul of Kentucky will speak at the Conservative Political Action Conference, or CPAC. Organized by the American
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Qatar has begun talks with the UK government to invest up to 10 billion pounds ($14.92 billion) into key infrastructure projects in Britain, the Financial Times reported on Wednesday citing people involved in the negotiations. The Financial Times reported that officials and ministers from both countries held talks over what schemes the Qataris could invest
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Cyprus President Nicos Anastasiades is in Brussels, to attend the two-day session of the European Council, on Thursday and Friday. He is also taking part in the European People’s Party Summit, to be held prior to the European Council. On Thursday, the President will attend the Euro Summit meeting. While in the Belgian capital, President
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The Central Bank of Cyprus began the process for the selection of an independent auditing firm, which will carry out an independent evaluation of the implementation of the anti-money laundering legal framework in Cypriot financial institutions. Reliable sources told that the troika and Cyprus Finance Ministry reached an agreement on the mandate of the auditing firm,
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Pope Francis, the former Cardinal Jorge Mario Bergoglio of Argentina, delivered his first blessing to a huge crowd in St Peter's Square on Wednesday night, asking for the prayers of "all men and women of good will" to help him lead the Catholic Church. Francis, speaking Italian with a slight Latin American accent, joked with
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