The globally-connected nature of trade, technology, capital, and regulation will necessitate a significant swell in the movement of employees between countries, leading to increased use of short-term and ‘commuter’ international assignments, according to new research by PricewaterhouseCoopers LLP. These factors – coupled with the rise of emerging markets, increased focus on new revenue streams, and
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GRS database reaches 20,000 Research from Cyprus-based Global Recruitment Solutions, the largest consultancy of its kind on the island, shows how the power of the Internet is changing the face of the job market, attracting some of the best national and international talent. With nearly half of the Cyprus population now logging on to the
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The euro rose from one-year lows on Friday and European shares bounced in a relief rally as Greece activated an emergency aid deal, but concerns over the country's longer-term financial health capped gains. Wall Street looked set to open higher and spreads between Greek and spreads between Greek and German government bonds narrowed. Prime Minister
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World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable. The Group of 20 rich and emerging countries, whose crisis-forged unity helped to end the global recession, must find common ground on controversial
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Greece asked European governments and the IMF on Friday to trigger billions of euros in emergency loans in what could be the largest state bailout ever attempted. Prime Minister George Papandreou asked for the 45 billion euro ($60.5 billion) package put together by the European Union and International Monetary Fund to be activated after months
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U.S. stock index futures rose on Friday as Greece asked the European Union and International Monetary Fund to trigger an aid package in what could be the largest state bailout ever attempted. Uncertainty about Greece's future has hung over markets for several months, capping gains in equities around the world. European shares held earlier gains,
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A request by Greece to the EU and IMF for aid to help with its debt crisis tempered investor uncertainty, boosting demand for riskier bank and commodity stocks, lifting Britain's top shares by midday on Friday. Equities were buoyant, even as GDP data showed Britain's economy grew at a slower pace than expected in the
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European shares were up at midday on Friday, with banking stocks rebounding after Greek Prime Minister George Papandreou asked for the activation of an EU/IMF aid package to pull the country out of its debt crisis. At 1105 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.8 percent at 1,092.95 points, after
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Stop-loss selling hammered the euro to a one-year low on Friday on heightened speculation Greece would have to seek a bailout to avoid default, while Asian shares fell, dragged down by resource and financial stocks. In Europe, Britain's FTSE 100 (.FTSE) was expected to open up 0.6 percent, Germany's DAX (.GDAXI) to rise as much
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Calls for a stronger Chinese currency have been muted among finance leaders gathering for talks among the Group of 20 rich and developing nations. Japan said Group of Seven talks on Thursday evening did not address the Chinese yuan, suggesting the United States had not pressed its case among other rich nations for a freeing
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