An unexpected, large-scale power outage is possible in Tokyo and surrounding areas on Thursday evening if power demand exceeds that of this morning, Japan's trade minister said. Trade minister Banri Kaieda said demand this morning almost reached the availanle capacity of Tokyo Electric Power Co , adding that electricity demand usually peaks in the evening
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Cyprus’ annual inflation in February rose to 3.1% compared to 3.0% in January. According to data released on Wednesday by Eurostat, the statistical office of the EU, the annual inflation in the 25 member states was 2.8% in February, unchanged compared with January, whereas in the Euro area the annual inflation recorded a rise to
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Operators of a quake-crippled nuclear plant in Japan dumped water on overheating reactors on Thursday while the United States expressed growing alarm about leaking radiation and said it was chartering aircraft to help Americans leave the country. Engineers were rushing against time to run in a power line off the main grid to
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Registrations of motor vehicles continued to decline in February, with the number of registrations falling by 8.9% over the year earlier in February to 3,223, according to figures from the Statistical Service. Passenger car registrations dropped by an even steeper 13.2%. For the first two months of the year total registrations of motor vehicles dropped
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The trade deficit in Cyprus reached EUR 373,622 in January 2011 compared with EUR 374,467, according to preliminary estimates for the month. Total imports/ arrivals were estimated at EUR 468.8 mln, of which EUR 325.5 mln were arrivals from other Member States of the EU and EUR 143.3 mln imports from third countries. Total exports/dispatches
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Tourism arrivals leapt in February after a decrease in January, according to the latest figures from the Statistical Service’s Passengers’ Survey. Arrivals of tourists rose by 12.7% to 62,294 in February 2011 compared with 55,250 in February 2010. The German market was the strongest, with increase of 95.6%, from 4,514 in February 2010 to 8,830
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Japan's nuclear crisis worsened on Wednesday, with workers ordered to withdraw briefly from the stricken power plant after radiation levels spiked, just hours after smoke was seen rising from the quake-crippled nuclear facility. Q: What does the smoke mean? A: The smoke is most likely to be steam, a natural byproduct of pouring
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. By Shavasb Bohdjalian European leaders agreed on Saturday to strengthen the euro zone bailout fund, make its loans cheaper and lower the interest rate on funds extended to Greece but left the final details to be hammered out at the next crucial summit meeting scheduled for March 24/25. Chancellor Angela Merkel was more flexible
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Cypriot and Israeli leaders have discussed cooperating to transport their newly discovered natural gas from an offshore Israeli field to Cyprus before shipping to the rest of Europe. Israeli Prime Minister Benjamin Netanyahu met Cyprus President Demetris Christofias on Monday and discussed "forming a work team to examine the possibility of transporting gas from Leviathan
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* Yen rises on risk aversion after quake Fear of a nuclear catastrophe in Japan pounded world stock markets on Tuesday, shredding $1 trln in equity valuations as investors dumped assets considered risky and sought the safety of government debt. Gold fell 3% at one point, on track for its biggest one-day loss since July,
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