The labour market in the United States is improving and the economy is close to the point when the unemployment rate will start to fall, a top U.S. Federal Reserve official said on Thursday. James Bullard, president of the St. Louis Federal Reserve Bank, also said that U.S. housing prices were stabilising, and that housing
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The Bank of England is unlikely to tamper with its monetary policy settings on Thursday, but growing signs Britain has pulled out of recession mean it is expected to halt its quantitative easing programme next month. The Bank's Monetary Policy Committee voted unanimously in December to leave interest rates at 0.5 percent and to keep
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The Cyprus Statistical Service announced that the consumer price index in January-December 2009 rose by 0.3% compared to the corresponding period of 2008. This is the lowest annual inflation rate since 1965, the Statistical Service said. The average annual inflation rate in 2008 was 4.7%. Prices in 2009 were depressed mainly by a fall in
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The Statistical Service has reported that on the basis of the results of the Passengers Survey, 72,612 residents of Cyprus returned from a trip abroad in November 2009, compared with 74,080 in the corresponding month last year. This was 2.0% lower than in November 2008. There was a 4.4% fall in the number trips of
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Cyprus' inflation for December 2009 rose to 2.0% compared to 1.4% in November 2009 and 2.1% in December 2008, Cyprus' Statistical Service announced on Tuesday. The Consumer Price Index (CPI) for December 2009, decreased by 0.35 units or 0.31% to 112,60 units compared to 112.95 in November 2009, a decline attributed mainly to decreases in
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Three of Britain's biggest retailers, Next, John Lewis and Shop Direct, posted healthy Christmas sales on Tuesday but warned impending cuts in government spending and rises in taxation could crimp growth in 2010, sending share prices lower. Fashion and homewares group Next reported a rise in like-for-like sales for the first time in four years,
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Optimism about the world economy buoyed global equities on Tuesday, particularly in emerging markets, but the dollar continued its weak start to 2010. European shares recovered from early losses to put in gains and Wall Street looked set to open higher. MSCI's all-country world index was up around 0.4 percent around highs last seen in
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Google Inc is expected to unveil its highly anticipated Nexus One smartphone on Tuesday, marking a first foray into an increasingly crowded market that could shape the future of the company's advertising business. Gadget lovers around the world will focus on Google's corporate headquarters in Mountain View, California, where the Internet search leader is expected
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Stock index futures were flat on Tuesday as investors awaited key economic data for fresh signs of an economic recovery a day after the Dow and the S&P rallied to their highest closes in more than 15 months. Investors will get a better picture of the state of consumer spending as automakers report U.S. vehicle
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The report reviews the major incidents and events concerning IT security in 2009. The trend in IT security of the last 12 months has been the prolific production of new malware – 25 mln new strains were created in just one year, compared to a combined total of 15 mln throughout the 20-year history of
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