Microsoft chairman and philanthropist Bill Gates pledged a further $750 million to the troubled global AIDS fund on Thursday and urged governments to continue their support to save lives. "These are tough economic times, but that is no excuse for cutting aid to the world's poorest," he said in Davos at the annual meeting of
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* EU summit on Jan. 30 to focus on jobs and growth * Eurozone, EU on brink of recession, unemployment above 10% * No clear strategy for boosting output or jobs * Money required for investment in sectors like energy Since the start of the year, one phrase has tripped off the lips of European
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The second installment, worth 1,32 billion euro, of a 2.5 billion-euro loan from the Russian Federation was received on Thursday by the Republic of Cyprus, to enhance the public sector's cash flow and cover the Republic's financing needs for 2012. According to an official press release, issued by Ministry of Finance, the first installment, worth
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* Israel to export 2,000 MW to Europe * Cyprus a hub for EU-Asia electricity * Minister in Israel for talks A subsea cable some 540 nautical miles long (1000 km) will soon connect Israel and Cyprus to south-east and western Europe to satisfy the continent’s need for cheap and sufficient electricity. The EuroAsia Interconnector,
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. By Praxoula Antoniadou Kyriacou Minister of Commerce, Industry & Trade of Cyprus Presented to the Business Forum on 23/1/2012 co-organised in Tel Aviv by the Cyprus Chamber of Commerce & Industry, the Ministry of Trade, Industry & Tourism of Cyprus and the Federation of Israeli Chambers of Commerce The Eastern Mediterranean Region
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The euro held firm against the dollar, while European shares and gold moved higher on Thursday, after the U.S. Federal Reserve set out an unambiguously easier policy stance, but fears of a messy Greek debt default still haunt the markets. Fed Chairman Ben Bernanke said the U.S. central bank might consider further monetary easing through
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. BY SHAVASB BOHDJALIAN Rising home sales in the US and signs that the US housing market, which triggered the global recession, ended last year confirm that the world's biggest economy is recovering and this can only be good news for shares and the dollar in general. Bloomberg News reported, "Confidence Among U.S. Homebuilders Climbs
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. How awkward it must be for the chairman of the Cyprus Tourism Organisation to plead to parliament not to slash his organisation’s budget, at a time when our MPs ought to have raised the amount that the CTO spends to promote Cyprus, not cut it. The smaller the marketing budget, the fewer the visitors
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Parents of children suffering from high cholesterol or blood pressure have been found to have a higher incidence of heart disease and diabetes later on, a U.S. study said, Screening children is important, not only for themselves, but for the clues it may yield to the health of parents who may not always go for
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Jean-Claude Mas, whose breast implant firm Poly Implant Prothese (PIP) has sparked an international health scandal by using substandard silicon, was arrested on Thursday and could be charged with manslaughter, a French police source told Reuters. Mas was arrested at around 7 a.m. (0600 GMT) at his home in southern France and police searched the
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