The consumer price inflation rate climbed for the fifth straight month in September, reaching 3.5%, compared with 3.2% in August and 2.6% in July. This is much higher than the 1.8% estimated for the whole of the eurozone. Compared with the previous month, the consumer price index increased by 1.29%. The Statistical Service said that
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Unemployment measured on a seasonally adjusted basis was steady in September, according to the latest figures from the Statistical Service. The seasonally adjusted figures showed unemployment at 23,538, compared with 23,553 in August. On a non-seasonally adjusted basis, registered unemployment reached 20,671, down from 22,365in August. However, it was still higher than the year earlier,
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Credit card spending by locals slowed a little in September according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 2% over the year earlier to EUR 144,084,038 (EUR 144 mln) in September, having risen by 4% in August and 5% in July. In the period January-September,
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Turkish Cypriots appear to have spent less south of the Green Line in September, judging by credit card statistics. According to data from the credit card company JCC Systems Ltd, plastic card spending using Turkish cards reached EUR 1.66 mln in September 2010, compared with EUR 1.72 mln in September 2009. The main fall was
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European stocks ended mostly unchanged on Friday as worries over a surprise drop in U.S. monthly payrolls data were offset by mounting expectations the Federal Reserve will take further steps to support the economy. Heavyweight miners such as Rio Tinto and BHP Billiton rallied along with commodity prices on expectations that the Fed will pump
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The main Middle East investor who pumped billions of pounds into Barclays two years ago has locked in a profit of about 3 bln pounds on the investment after a complex deal that sent the bank's shares lower. The sale came as concern mounted that income at Barclays Capital (BarCap), the investment bank arm, will
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Oil prices rose on Friday as investors bet that worse-than-expected unemployment in the United States bolstered the case for looser monetary policy that would weaken the dollar. The oil futures complex got further support as a strike at France's top oil port, now in its 12th day threatened to cut European oil products output. Also,
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The passport office in Newport, south Wales, and most of passport interview offices across Britain, are to close with a loss of more than 250 jobs, the Public and Commercial Services union (PCS) said on Friday. The offices, where first-time passport applicants go for interviews to verify their identity, were set up to stop fraud.
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Jailed Chinese democracy activist Liu Xiaobo won the Nobel Peace Prize on Friday for two decades of non-violent struggle for human rights, infuriating China, which called the award "an obscenity". The prize shines a spotlight on human rights in China at a time when it is starting to play a leading role on the global
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Credit card payments in Cyprus rose 3% in the first nine months of 2010 compared to last year, clearing agency JCC said on Friday. Transactions worth 1.39 bln euros were processed using credit cards from January to September. In the month of September alone, the value of transactions was up 2% year-on-year to 144 mln
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