Minister of Commerce, Industry and Tourism Neoklis Sylikiotis has said that the government is going to sign a series of agreements with Houston-based “Noble” as regards the supply of natural gas to Cyprus and the construction in of a terminal for liquefied gas in Cyprus for export purposes. He also recalled that the Cabinet has
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YouTube, the video website owned by Google Inc, will not remove a film clip mocking the Islamic Prophet Mohammad that has been blamed for anti-U.S. protests in Egypt and Libya, but it has blocked access to it in those countries. The clip, based on a longer film, depicts the prophet as a fraud and philanderer
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The U.S. Federal Reserve appears set to launch a third round of unconventional monetary stimulus on Thursday while signaling that a weak U.S. economy may warrant ultra-low interest rates for at least another three years. Not everyone believes the Fed will embark on another bond- buying spree, and plenty of doubts remain about the likely
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Asian shares slipped slightly in choppy trade on Thursday ahead of the U.S. Federal Reserve's decision later in the day, but investors remained cautiously optimistic for further stimulus action to bolster the world's largest economy. Commodities from oil to gold were also held in tight ranges ahead of the Fed decision expected to be released
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Apple Inc's new iPhone goes on sale on Friday with a bigger screen and 4G wireless technology, as the company seeks to safeguard its edge over rivals like Samsung Electronics Co Ltd and Google Inc. The iPhone 5 fulfilled many of the expectations laid out by gadget geeks and technology analysts ahead of its
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Despite the adverse financial conditions projects worth billions of euro are in the pipeline, Cyprus Commerce, Industry and Tourism Neoclis Sylikiotis has said. Sylikiotis on Wednesday visited the Cyprus Investment Promotion Agency to be briefed on the figures collected by the Agency with regard to possible investments by foreign or Cypriot nationals with a view
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The euro zone debt crisis has badly shaken faith in the euro, with more than half of Europeans seeing the single currency as bad for their economies, according to an opinion poll published on Wednesday. "Transatlantic Trends 2012", a major annual survey of public opinion in the United States and Europe, also found that Europeans
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Egypt is likely to need more than $10 billion in external financing to help it get its economy on track, a senior EU official said on Wednesday. The official said the European Union and several countries were considering financial support for Egypt in addition to a $4.8 billion loan which Cairo has requested from the
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Libyan authorities will bring the killers of the U.S. ambassador and three other personnel to justice, the head of the national assembly, Mohammed Magarief, said on Wednesday "We confirm that no one will escape from punishment and questioning," Magarief told a news conference broadcast live on Al Jazeera television. He also apologised to the United
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The official presentation of the Commission’s proposals for a Single Supervisory Mechanism (SSM) for European credit institutions will take place during the Informal ECOFIN Council, which will convene in Nicosia. According to CNA sources, the presentation will take place on the second day of the ECOFIN meeting in Nicosia (Saturday the 15th). French Commissioner for
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