Following a long period of growth, the construction sector entered in 2009 into a phase of recession, according to the annual report of the Statistical Service titled ''Construction and Housing Statistics, 2009''. The report notes that the rate of growth of the sector in 2009, in terms of value added at constant prices, is provisionally

Total registrations of motor vehicles during the first quarter of 2011 fell by 11.2% to 9,959 in January – March 2011, from 11,213 vehicles in the first quarter of 2010. According to figures released by Cyprus Statistical Service, the registration of private saloon cars decreased to 7,263, from 8,271 in January–March 2010, amounting to a

Apple's next-generation iPhone will have a faster processor and will begin shipping in September, three people with direct knowledge of the company's supply chain said. The production of the new iPhone will start in July/August and the smartphone will look largely similar to the iPhone 4, one of the people said on Wednesday. The iPhone

She may be pretty, wealthy and about to marry a prince, but an overwhelming majority of British women do not envy Kate Middleton, a survey showed on Wednesday. Asked how much they envied Prince William's fiancee, 86 percent of women polled by YouGov said they did not feel jealous at all. The main reason why

British banks still pose a big risk to public finances and must end their dependence on taxpayer support, a report by lawmakers said on Wednesday. Britain spent billions of pounds propping up banks such as RBS <RBS.L> and Lloyds <LLOY.L> during the credit crunch, and ministers are now mulling how to protect taxpayers from future

President Barack Obama may face a tough audience when he brings his tax-hike-for- billionaires message to Facebook on Wednesday — Silicon Valley is full of the sort of people the president wants to pay more taxes. National debt is a major concern, particularly after the ratings agency Standard & Poor's threatened to downgrade the U.S.

Asian stocks rose on Wednesday as strong results from chip maker Intel Corp prompted a rally in tech shares, while renewed strength in metals prices boosted materials companies and also lifted the commodity-linked Australian dollar. Upbeat U.S. and European corporate earnings helped soothe market sentiment, which had been roiled at the start of the week

Six hundred British marines are expected to be deployed in Cyprus over the next two weeks, in order to participate in scheduled maneuvers at the British Bases in Cyprus, according to the ''Times'' of London, citing a Ministry of Defence announcement. The news item spurred various comments regarding the possibility of land operations in Libya.

The Mediterranean states of the EU have asked for more solidarity on behalf of the Union in addressing the disproportionate mass immigration flows caused by the dramatic developments in the Southern Mediterranean region. In a joint communique they issued at the end of a Meeting they held in Nicosia, they state that current emergency situation

World stocks stabilized on Tuesday following the prior day's losses, but debt woes on both sides of the Atlantic and new signals from China on inflation dangers weighed on markets. Greece sold 1.6 billion euros of three-month debt, but was forced to pay a yield of more than 4 percent, underlining growing unease in the