Turkey's football federation said on Tuesday it will act swiftly in response to nationwide match-fixing allegations, without waiting for the outcome of a judicial investigation which emerged at the weekend. Police have detained some 60 people, including the chairman of champions Fenerbahce, since Sunday in a probe which has sent shockwaves through Turkey, hit clubs'
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China broke international law when it restricted exports of coveted industrial raw materials, the World Trade Organization ruled on Tuesday, in a landmark case that may trigger new rows over growing global export curbs. The WTO's trade judges said China illegally imposed a system of export duties and quotas on raw materials used in the
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. As the economic crisis deepens leading to layoffs in many countries and university graduates are faced with tremendous difficulties in finding the right job, more and more people around the globe, but mostly in developed countries, are choosing to become self-employed and open up their own businesses. The majority aim to create a business
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. Marcuard's Market update by GaveKal Research Even those who consider the return of "Thaksinomics" to Thailand a potential disaster, have to concede that it has happened in the best possible way. With the decisive victory of the populist Puea Thai party in yesterday's parliamentary vote, Thailand will likely be spared a post-election "event." Were
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. * Funds stay clear of longer-term paper As European authorities try to stave off what could be the first default of a euro zone country, some mutual fund managers are buying up Greek bonds, believing short term debt will be honoured even if more problems lie ahead. Danish house Jyske Invest Fund Management has
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Revenue from tourism jumped by 13.6% over the year earlier in May, according to the results of the Passenger Survey. Revenue from tourism reached EUR 187.1 mln in May compared with EUR 164.8 mln in the corresponding month of the previous year For the whole of the first five months, revenue from tourism is estimated
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In January-March 2011 the turnover value index of wholesale and retail trade and repair of motor vehicles and motorcycles decreased by 3.6% compared with October-December 2010. The Index rose by 1.2% compared to the corresponding period of 2010. The index excluding motor vehicles and motorcycles fell by 4.7% over the previous quarter in January-March 2011
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The production of cows’ milk for April 2011 decreased to 12,750 tons from 12,960 tons in the previous month. Compared with the same month of the previous year, the production of cows’ milk recorded an insignificant decrease of 0.1%. The quantities of milk products for February 2011 reached to 5,220 tons of drinking milk, 340
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In the first sign of good news for a long time in the Cyprus labour market, the Statistical Service announced that the number of registered unemployed based on seasonally adjusted data fell in June to 28,178, from 28,375 in May. In absolute terms, the number of unemployed reached 27,102, down from 28,401 in May. However,
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Food prices up 8.5% Inflation accelerated in June, with the consumer price index rising by 4.2% compared with the year earlier, from 3.9% in May. The main reason is the cumulative impact of the 5% VAT rate imposed on food and medicines earlier in January year, higher petroleum prices, higher duties on tobacco and higher
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