More than a million migrant workers in Thailand, most of them from Myanmar, face being deported after a deadline for getting work permits passes on Friday, a potential threat to industry and a situation activists say could lead to rights abuses. "After today, those who work in Thailand illegally will have to travel back to
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President of the Republic of Cyprus Demetris Christofias has expressed disappointment with the stance of the International Monetery Fund and the Eurogroup. Invited to comment on the IMF and the Eurogroup, President Christofias said “I am frustrated and disappointed”. The President was replying at a question on his arrival to the Justus Lipsius building where
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PIMCO preliminary assessment results will be instrumental in determining the financing of a potential Cyprus program, IMF Spokesman Gerry Rice has said. Rice was replying to a question on the progress achieved in talks with the Cyprus government on an international rescue agreement. “The discussion between the Cypriot authorities and the IMF and our partners
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Cyprus is an innovation follower based on the results of the European Innovation Scoreboard Report for 2011 and its average annual growth in innovation performance reached 4,7%, which is one of the highest in Europe for 2011. The Joint Research Center of the European Commission, the Cyprus Research Promotion Foundation and the Planning Bureau of
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Professional services is the new driver of jobs and growth in Cyprus, according to a report launched by PwC on Tuesday, but the professionals and the government need to work better together to leverage the jobs and growth that this sector has to offer. According to the report, written by Fiona Mullen of Sapienta Economics
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Barclays Plc plans to cut as many as 2,000 jobs in its investment bank as part of a broad restructuring of the company, the Wall Street Journal reported, citing people familiar with the British bank's plans. The paper said senior Barclays executives are planning to recommend that the bank cut between 1,000 and 2,000 jobs,
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European planemaker Airbus will announce a big new order on Thursday that will safeguard around 9,000 jobs in Britain, a government spokesman said. Separately, there were reports that Malaysian group AirAsia , Asia's largest low-cost carrier, was set to order 100 A320 aircraft worth around $9 billion. AirAsia chief executive Tony Fernandes, also owner of
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Russia and the European Union reviewed their energy relations during the 7th EU – Russia Permanent Partnership Council hosted by Cyprus ahead of the EU-Russia Summit to take place on 21 December in Brussels. In statements following the Council, Cypriot Minister of Commerce, Industry and Tourism Neoklis Sylikiotis and meeting host, said the Council focused
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There are limits to how much aid the Federal Reserve can provide to the U.S. economy, Fed Chairman Ben Bernanke warned on Wednesday as he urged politicians to tackle a year-end fiscal cliff that could derail the country's gradual recovery. "We have innovated quite a bit in the last few years, and (it) is always
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