The Industrial Turnover Index for August 2009 reached 98.8 units (base 2005=100), recording a decrease of 10.3% compared to August 2008. According to the Statistical Service of the Republic of Cyprus, for the period January-August 2009, the index recorded a decrease of 10.5% compared to the same period of the previous year. For Manufacturing, the
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President of the Republic of Cyprus Demetris Christofias said on Monday that the wall dividing Nicosia still stands, a fact the Europeans are aware of, and expressed hope that the Europeans would assist efforts to solve the Cyprus problem and reunite the island. Speaking at Larnaca Airport before departing for Berlin, where he will attend
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A rally in miners and oil stocks lifted Britain's top shares 1.4 percent by midday on Monday, buoyed by rising commodity prices as risk appetite heightened on the back of the G20's pledge to keep stimulus in place. At 1201 GMT, the FTSE 100 was up 73.43 points at 5,216.15, extending gains from last week
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Global stocks rose and the dollar tumbled on Monday after the Group of 20 pledged to keep economic stimulus in place until recovery was assured, following Friday's news that U.S. unemployment has risen to a 26-year high. U.S. stock futures were up around one percent, pointing to a higher open on Wall Street. European equities
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Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.9 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 0.8 percent at 5:10 a.m. EST. Finance ministers and central bankers of the Group of 20 on Saturday pledged to prepare strategies
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Britain's leading share index rose 1 percent on Monday, up for the fourth consecutive session, led by heavyweight banks, miners and oils with risk aversion supported as the Group of 20 pledged to keep the aid flowing. By 0901 GMT, the FTSE 100 was up 47.25 points or 0.9 percent higher at 5189.97, after the
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As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. Comments from Wal-Mart Stores Inc (WMT.N), the world's largest retailer, as well as from a host of smaller stores, will be of vital importance to investors trying
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Forget the buzz over the next "Twilight" film or James Cameron's "Avatar." The biggest entertainment hit of the holiday season may come on Tuesday, when "Call of Duty: Modern Warfare 2" hits stores. The video game published by Activision Blizzard Inc is the most highly anticipated of the year, winning accolades from gaming blogs and
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Minister of the Interior Neoclis Sylikiotis said on Sunday that the number of political asylum applicants has dropped and measures were needed to avert a new wave of illegal immigrants. In statements on the sidelines of the 12th Rainbow Festival, organised in Limassol by the Movement for Equality, Support and Anti-racism (KISA) in cooperation with
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— The new 656,3 million euro Larnaca International Airport was inaugurated by President Demetris Christofias on Saturday, welcoming a new age of innovation and development in air transportation for Cyprus. Initial operations will begin on Tuesday with all the flights of national carrier Cyprusd Airways and budget airline easyJet. All other airlines will follow a
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