– A little prospect of a significant pick-up in Cyprus market in 2011 Recovery is underway in the majority of European housing markets, but uncertainty remains in the region, with considerable performance variations, says the latest RICS European Housing Review. While housing markets experienced rising prices in Belgium, France, Germany and the Nordic countries during

While 90% of Internet surfers in the EU prefer to access websites in their own language, 55% at least occasionally use a language other than their own when online according to a pan-EU Eurobarometer survey released today. However, 44% of European Internet users feel they are missing interesting information because web pages are not in

A group of 150 hooded demonstrators attacked three policemen in an Athens hospital after a protester was seriously injured in an anti-austerity march on the first day of a visit by EU and IMF inspectors. Police had fired several rounds of teargas earlier on Wednesday to disperse stone-throwing protesters as senior EU and IMF envoys

Between the years 2007 – 2013 a total amount of 70 million Euros will be granted to businesses, said here today President of the Republic Demetris Christofias. Addressing the Annual General Meeting of the Cyprus Employers and Industrialists Federation, President Christofias said that these funding schemes will come from both national and EU funds to

One in every four adults in Cyprus suffers from hypertension, while the disease is estimated to cause the death to seven million people worldwide annually. These figures were released, inter alia, during a Press Conference on the occasion of the World Hypertension Day and the beginning next Saturday of a Campaign titled “Learn your blood

Pakistan is likely to get $300 million from the United States for costs incurred in fighting militants, officials said on Thursday, at a time U.S. legislators have been questioning aid to Pakistan after Osama bin Laden was found there. The funds are part of a so-called Coalition Support Fund (CSF), a U.S. programme to reimburse

German carmaker Volkswagen is to launch electric cars in China under a new Kaili brand together with FAW Group, joining other foreign players in the race to develop the fledgling sector in China. "The Chinese government has been encouraging joint ventures of foreign car manufacturers to develop indigenous brands," Volkswagen China spokesman Andreas Hoffbauer said

Skype's owners, led by private equity firm Silver Lake , are set to earn more than three times their investment, for a total capital gain of more than $5 billion, on the sale of Skype to Microsoft Corp , a source familiar with the situation said. The gain is particularly large considering the short amount

Facebook users' personal information could have been accidentally leaked to third parties, in particular advertisers, over the past few years, Symantec Corp said in its official blog. Third-parties would have had access to personal information such as profiles, photographs and chat, and could have had the ability to post messages, the security software maker said.

Asian shares firmed on Wednesday as rising global commodity prices boosted energy and resource stocks, while investors largely shrugged off data from China suggesting growth there is starting to slow. Oil prices and the euro dipped briefly after China's April inflation came in slightly above expectations, but other data, including industrial output, suggested slower activity