European shares drifted higher in early trade on Tuesday, with drugmakers in demand as banks came under pressure after subdued comments on prospects for the economy from U.S. Federal Reserve Chairman Ben Bernanke. Bernanke said on Monday the U.S. recovery remained fragile and unemployment might remain high for some time, cooling anticipation of an early
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British industrial output failed to grow in October, disappointing expectations for a further expansion and raising doubts over the strength of any recovery in the fourth quarter. The Office for National Statistics said both industrial and manufacturing output were flat on the month. Markets were positioned for an increase of 0.4 percent on both measures
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Google Inc has revamped its search engine to allow results to be refreshed with up-to-the-second data increasingly churned out by the new crop of real-time Web products. The move to integrate real-time search results directly into Google's flagship Web search product comes nearly two months after the company announced a partnership to license data from
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Britain's top share index was 0.1 percent lower in early deals on Tuesday as weakness in banks and in Tesco after disappointing Q3 numbers offset a rally by oil majors, with investors overall happy to hug the sidelines. By 0911 GMT, the FTSE 100 index was 2.80 points lower at 5,307.86, after closing down 11.70
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Security of energy supply and energy-saving measures were the main issues discussed during the EU Energy Council, at which Cyprus was represented by Minister of Commerce, Industry and Tourism Antonis Paschalidis. The energy ministers also exchanged views on the low carbon emission technologies plan (SET-Plan), which is an important tool for achieving the objectives of
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President of the Republic of Cyprus, Demetris Christofias, has expressed optimism that the economic crisis will be dealt with successfully, noting that the government will always consult with all social partners before taking any measures which affect them, directly or indirectly. Addressing the 82nd Annual General Meeting of the Cyprus Chamber of Commerce and Industry
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Generic medicinal product manufacturing is a vibrant sector contributing significantly to the industrial output of Cyprus, stressed on Monday Minister of Health Christos Patsalides. Speaking during a workshop of Cyprus Employers and Industrialists Federation about EU’s Pharmaceutical Sector Inquiry and Cyprus’ Pharmaceutical Industry, Patsalides pointed out Cyprus’ accession to the European Union in 2004 has
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Cyprus is ready to make a big step in modernising electronic communications, with the introduction of digital terrestrial television (DTT) in 2010. Ministers of Communications and Works Nikos Nicolaides and Interior Minister Neoclis Sylikiotis gave a joint press conference about the introduction of digital terrestrial television, on the occasion of the publication last Friday in
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Minister of Health Christos Patsalides has said he was satisfied with the free vaccination programme launched late November by the government of Cyprus against the H1N1 virus. “The Ministry is satisfied with the way the vaccination programme is progressing. Our goal is to protect the high risk groups and we began creating a safety net
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Next year's summit of the Group of 20 developed and developing nations will be held in Toronto on June 26 and 27, Canadian Prime Minister Stephen Harper said on Monday. Harper also said Canada would co-chair a planned G20 summit in November in South Korea. South Korean officials had said previously that Seoul would run
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