The drop of tourism arrivals in the quiet month of January was the mildest it has been in over eight months, as tourism arrivals fell by 2.4% over the year earlier to 45,952, compared with 47,066 in January 2009. In December the fall had been 8.2% and for the whole of 2009 tourism arrivals had
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The decline in car sales showed no let up in January, as the total number of motor vehicles registered declined by 22.6% over the year earlier to 3,448, from 4,456 in January 2009. Registrations of private saloon cars decreased by 22.1% to 2,604 from 3,342 in January 2009. For the whole of 2009, motor vehicle
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The Cyprus economy appears to have started clambering out of recession in the fourth quarter, according to the latest flash estimate figures from the Statistical Service. In the fourth quarter GDP fell in real terms by just 0.3% (seasonally adjusted basis), having fallen by 0.8% in the third quarter and a much steeper 1% in
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Britain's top share index rose 0.6 percent early on Friday, its fifth consecutive session of gains, as commodities led a broad-based rally as fears over indebted Greece eased. By 0914 GMT, the FTSE 100 was up 29.83 points at 5,191.31, taking its cue from Wall Street and Asia, which both posted strong gains overnight as
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Oil fell below $75 a barrel on Friday, pressured by a stronger dollar on growing disappointment among investors over the lack of details emerging from the European Union summit to help debt-laden Greece. Despite the dip, oil is on track for a 5 percent rise this week, its best weekly gain in six weeks, led
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Europe's post-recession recovery hit a roadblock on Friday as German economic growth unexpectedly ground to a halt in the final quarter of 2009, though France made up for some of the damage. The news comes at a hard time for Europe's single currency bloc as governments struggle to sort out Greece's debt difficulties and contain
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Stock index futures pointed to a mostly lower open for U.S. shares on Friday, following strong gains in the previous session, as a pledge by European leaders to support Greece eased worries about a crisis in the euro zone. At 0931 GMT, futures for the Dow Jones were flat; those for the S&P 500 and
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Google Inc argued in a staunch and sometimes eloquent brief that an agreement reached with the Authors Guild to digitize millions of books was legal and a contribution to human knowledge. Google's ambitious plan has been praised for expanding access to books but the Justice Department criticized it on February 4 on a variety of
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At next week's mobile trade show in Barcelona you can find a program that measures how high you can throw a Nokia smartphone, an apt metaphor for Nokia's efforts to raise its game. But gravity might not favor the world's biggest maker of cellphones, as the focus of the $169 billion industry shifts to software
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Britain's Lloyds Banking Group rounded off a bumper, 23 billion pound ($36.1 billion) repair of its balance sheet, issuing a final tranche of new shares in a move that will trim the government's stake. Lloyds, partly state-owned after being rescued by the taxpayer at the height of the financial crisis, will issue 3.14 billion new
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