A shop selling new or second hand clothes, arts and crafts made from used garments and other recyclable materials, have opened in the old town of Nicosia, in the framework of a non profit programme by ''Anakyklos Perivallontiki'', which aims at creating a clean, healthy and sustainable environment. The shop was opened on Saturday by
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Greek property developer Lamda expects its three shopping malls to suffer a 10% drop in revenue this year as austerity policies hit consumers, although sales are holding up better than in the overall retailing market, its chief executive said on Tuesday. "This year's numbers (shopping mall revenues) are expected to be above 700 mln euros,
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BP has lifted its estimate of the likely cost of its Gulf of Mexico oil spill by $7.7 bln to $39.9 bln, pushing its profits down sharply in spite of higher oil and gas prices. BP, the world's biggest non-government controlled oil company by production last year, said delays in capping its blown out well
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The London Stock Exchange's trading system Turquoise crashed for the second time in less than month, just as it plans to transfer its main trading platform over to Turquoise's new technology. Turquoise, which trades the largest European stocks including those listed in France, Germany and the Netherlands, was down for two hours before it said
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After a long and bitter campaign, Americans cast their votes on Tuesday in elections that could sweep Democrats from power in Congress and slam the brakes on President Barack Obama's legislative agenda. Anxiety over the stumbling economy and discontent with Obama have propelled Republicans to the threshold of huge gains that could give them a
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Cyprus police is taking all necessary security measures and conducts checks in sensitive spots more often after recent events in Greece where postal parcels were discovered to possibly contain explosive devices, Police Press Officer Michalis Katsounotos stated to CNA. Katsounotos said that based on the occurrences in Greece and information gathered via the Police Bureau
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Small bombs exploded at the Swiss and Russian embassies in Athens on Tuesday and a possible bomb was intercepted at the German chancellor's office, the latest in a wave of attacks by suspected Greek leftist guerrillas. Police had already arrested two Greeks aged 22 and 24 on Monday in possession of two bombs including one
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NEW YORK (Reuters) – A girl can be sued over accusations she ran over an elderly woman with her training bicycle when she was 4 years old, a New York Supreme Court justice has ruled. The ruling by King's County Supreme Court Justice Paul Wooten stems from an incident in April 2009 when Juliet Breitman
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RISK WATCH The Risk Watch Column: By Dr Alan Waring Part 1 of this article summarised the huge problem of withheld title deeds and various kinds of fraud (e.g. ‘double selling’) for thousands of property buyers in Cyprus. Part 2 focussed on those who have a key role in the debacle. Part 3 looks in
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. Bickering over the island’s fragile economy just got worse as political parties, mostly without any knowledge of how the economy works and how to deal with the problem, stooped to a lower level of mud slinging and name calling. The Governor of the Central Bank very rightly took a non-partisan approach in his testimony
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