Japan's Nikkei average booked a 19 percent gain in 2009, with shares of high-tech exporters leading a rebound rally on a weaker yen and as economic stimulus measures helped turn around the world economy. The benchmark's yearly climb followed a 42 percent plunge — the biggest loss in its 58-year history — last year when
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Asian share markets fell on Wednesday as year-end trade dwindled, with profit-taking pulling down shares and bankruptcy worries about Japan Airlines weighing on the Nikkei, while the dollar rose broadly. Shares of JAL tumbled to a record low on growing investor worries that the carrier will be restructured in a bankruptcy court as part of
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. BY DR. JIM LEONTIADES CIIM, The Cyprus Business School Amid a freezing Scandinavian snowstorm, politicians form 120 countries met in Copenhagen recently to combat global warming. The chaos outside the climate change conference was to be expected. It has become foreseeable that every such international conference will be attended by riots and protests. It
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. It’s been a crazy sort of year – a year of what people close to me consider to be madness on my part, namely: starting a new gastronomic magazine and web-site in the teeth of a recession. Despite there being what is termed “the oral tradition” in Cyprus, there is also an inordinate number
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. BY GEORGE MOUSKIDES Yes, we will say it clearly from the start. Property is one of the safest investments; it is not a coincidence that Cypriots have always been investing in property and parting with it with great difficultly. Conservative investors lose their sleep over stock market investments as portrayed by the recent rollercoaster
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. The business community is frustrated from the mixed signals the Christofias administration is sending out – it claims it can’t employ any more people in government because of a moratorium on new hirings, and yet more than a thousand civil servants have been taken on in the past year and several hundred seasonal workers
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NEC Computers, known to many in Cyprus as a desktop PC and storage solutions provider, has embarked on an awareness drive to inform small businesses and large enterprises that it has developed into a communications solutions provider. Gone are the days when a handful of computer manufacturers developed the technology inside the clunky desktop machines
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The Cyprus International Institute of Management reached an important milestone in its near 20 –year history having signed a joint venture agreement for the creation of CIIM Gulf — a branch of business school for the Gulf region, based in Bahrain. The agreement brings together CIIM and prominent Bahrain business partners, who decided to actively
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The Royiatiko Hotel in old Nicosia is the latest addition to efforts to revive the within-the-walls part of town. The owners, Yiota Georgiou and her father Yiannakis, invested 9 mln euros to build the hotel from scratch, resulting in levels of luxury in all 32 rooms, with comfort being the primary goal such as secure
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The largest Mexican style restaurant chain Taco Bell, has just opened its first operation in Cyprus at My Mall Limassol. The opening was celebrated by a party full of fun, food, music and celebration and attended by TV, football and business celebrities as well as fans and friends of Taco Bell. PHC Franchised Restaurants are
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