Cyber crime costs the British economy some 27 billion pounds ($43.5 billion) a year and appears to be "endemic", according to the first official government estimate of the issue published on Thursday. The study by Britain's Office of Cyber Security and Information Assurance concluded digital crime is a growing, widespread problem, and attempts to address
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— Rights issue fully covered 1.11 times — Marfin Popular Bank said this week that its 488.2 mln euro rights issue was fully covered and oversubscribed by 1.11 times, giving its capital adequacy ratios a boost, with analysts suggesting later that the successful rights issue indicate a fresh dynamic in the stock’s short-term momentum. Marfin
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According to a new report by Bloomberg, Apple is currently working on a new iPhone for more budget-conscious users. The new smartphone is expected to increase the company’s market share in the mobile communications industry, giving users a less expensive alternative to the iPhone. A source at Bloomberg stated that the new device is just
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London crude prices extended gains to hold at 2-1/2 year highs of more than $104 a barrel on Thursday, as fresh Israel-Iran tension fed spreading unrest in the Middle East and stoked fears of a disruption of oil flows in the region. U.S. oil gave up its morning gains to fall below $85 a barrel,
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Bahraini police stormed a protest camp in a central Manama square early on Thursday, killing at least three people with hundreds more injured, and armoured vehicles rumbled through the capital as the government tried to quell three days of protest. "Police are coming, they are shooting teargas at us," one demonstrator told Reuters by
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Egypt's uprising emptied the hotels, casinos and bars of a tourist trade that employs one in eight Egyptians, but staff expect the recovery to be quick and the revolution to boost business in the long run. With its year-round warm beaches and wealth of pharaonic antiquities, Egypt earned nearly $11 billion from tourism in 2009,
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The government will proceed in a responsible manner with a proposed investment by Qatar in the capital Nicosia, Government Spokesman Stephanos Stephanou has said. Speaking after today’s Cabinet meeting, Stephanou said that the three-member committee overseeing the investment project has submitted a recommendation on the issue to the government. Replying to a question, Stephanou said
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Government Spokesman Stephanos Stephanou has assured that the government would do whatever possible to serve the vital interests of the Republic of Cyprus as regards the exploitation of natural gas reserves in its Exclusive Economic Zone (EEZ). Invited Wednesday to say how the government is proceeding with the this project, he said that the government
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Egypt's ousted president has given up and wants to die in the Red Sea resort of Sharm el-Sheikh where he has been living since a popular uprising ended his rule, a Saudi official said on Wednesday. Hosni Mubarak, 82, has suffered from health problems in recent years and traveled to Germany for gall
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Estate agents from the European Union are free to establish themselves and exercise their activities in Cyprus, following Commission pressure to persuade the government to remove a law that restricted the activities on the island of professionals from other member states. The European Commission had initiated infringement proceedings against Cyprus because of the law that
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