Against a weak economic backdrop, brands in Britain spent almost 5 billion pounds ($8 billion) advertising online in 2011, with video ads and marketing on social media platforms driving growth to its biggest increase in five years. The study from the Internet Advertising Bureau (IAB), conducted by PwC, said advertising on the internet increased by
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Asian shares on Tuesday sustained momentum from an overnight rally in global equities, with solid manufacturing data from the United States offsetting signs of mild recession in Europe. Participants in European equity markets are expected to be cautious, however, with financial spreadbetters predicting major European markets will open flat to 0.2 percent higher. U.S. stock
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Unemployment in Cyprus in February reached 9.7% of the active population from 9.5% in January, according to Eurostat figures, which indicated a record high for the Eurozone. The average unemployment rate in the Eurozone rose to 10.8% from 10.7% in January, while for the whole of the EU unemployment was 10.2%. In Cyprus, unemployment among
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An intensive dialogue begins on Tuesday between Noble Energy and the contact group that has been set up, in order to determine when and how natural gas can be brought to Cyprus, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis said on Monday. Speaking after a meeting with Chairman of the Board of Directors of
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The Government aims at turning Cyprus into a regional energy hub, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis said on Monday, while referring to actions taken at EU level to secure the bloc’s energy supply and set ambitious targets in the fields of energy and climate change. Sylikiotis was addressing a conference, in Nicosia,
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“Our aim is for Cyprus to remain an attractive investment destination and a reliable international business centre”, Cyprus Minister of Finance Vassos Shiarlis has said, stressing that the recent positive results of the discovery of natural gas in the Exclusive Economic Zone of Cyprus, triggered serious investment interest from large companies based in Canada, China
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Two years ago Wolfgang Schaeuble's 40-year career in German politics seemed at an end. After repeated trips to hospital because of complications from an operation, he told Chancellor Angela Merkel he felt unable to continue as her finance minister. She encouraged him to stay and now the 69-year old appears on the verge of a
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The European Commission, European lawmakers and governments agreed to reform mobile roaming fees, allowing consumers to pay less for calls, texts and mobile Web services when travelling abroad, in a measure that could hit telecom industry profits. The deal announced on Wednesday is expected to be approved by the European Parliament in May and would
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Sweden's consumer protection agency is looking at complaints that Apple Inc does not make it clear that its latest iPad will not work with 4G networks outside the United States and Canada. The move came after Apple said it was to offer all buyers of the new iPad in Australia a refund. "Serious limitations should
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A Russian passenger plane crashed and burst into flames after takeoff in an oil-producing region of Siberia on Monday, killing at least 31 of the 43 people on board, emergency officials said. Thirteen survivors were pulled from the wreckage and rushed to hospital by helicopter but one later died. Television footage showed the plane, which
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