Tourism arrivals recovered for a second straight month in September, rising by 4.7% to reach 289,126 compared with 276,178 in September 2009. The main reason for the increase was a 60.8% rise in tourist arrivals from Russia, from 20,691 in September 2009 to 33,267 in September 2010. This is encouraging, as it suggests that the
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(Reuters) – The Microsoft Corp executive who took over the role of chief software architect from Bill Gates is to step down, following a tenure in which the Windows-maker lost ground to Google and Apple. Chief Executive Steve Ballmer said Ray Ozzie would not be replaced, raising questions about the leadership and direction of the
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The European Parliament Committee on Legal Affairs approved on Monday with 18 votes in favour, five against and one abstention the opinion of the Council Legal Service, that the legal basis of the regulation on direct trade between the EU and Cyprus Turkish occupied areas is wrong and that the proper legal basis is Article
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A rift between senior European Central Bank policymakers over how to nurse the euro zone economy back to health risks unnerving investors and could play a role in determining who becomes the bank's next boss, analysts say. ECB President Jean-Claude Trichet on Monday slapped down policy hawk Axel Weber for saying last week that buying
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Cyprus, an island basking in the sun for most of the year, has all the necessary qualities to increase its share in the sports tourist industry and put its own seal on the global map of Sports Tourism, according to the Cyprus Tourism Organisation (CTO) and the Cyprus Sport Organisation (CSO). Sports Tourism, although it
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Citigroup Inc reported a third consecutive quarterly profit on Monday, slightly beating expectations, as losses slowed and the bank set aside less money to cover bad loans. But Citigroup had trouble generating new business during the quarter as low trading volumes cut into its securities and banking operations. Revenue rose slightly from a year earlier
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The industrial turnover index for July 2010 reached 143.6, recording a decrease of 1.6% compared to July 2009. Within the category of industry, the manufacturing turnover index fell by 7.7% in the same period. For the period January-July 2010, the industrial turnover index recorded an increase of 2.4% compared to the same period of the
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Tourism arrivals recovered for a second straight month in September, rising by 4.7% to reach 289,126 compared with 276,178 in September 2009. The main reason for the increase was a 60.8% rise in tourist arrivals from Russia, from 20,691 in September 2009 to 33,267 in September 2010. This is encouraging, as it suggests that the
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The battered dollar rose on Monday to edge further away from a 10-month low on Friday, while a rally in Asian stocks paused as investors took some profits ahead of a widely expected easing in U.S. monetary policy. Fed chief Ben Bernanke cemented expectations on Friday of more U.S. stimulus to lower unemployment and fend
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Property asking prices in England and Wales rose for the first time in four months in October, with sellers responding to seasonal pressures instead of market fundamentals, a survey showed on Monday. Property website Rightmove, which says it captures 90% of all homes for sale, said asking prices jumped 3.1% this month, following drops of
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