World leaders past and present will join German crowds on Monday to celebrate the 20th anniversary of the fall of the Berlin Wall — a stark symbol of the Cold War that divided a city and a continent. Recollections of Nov. 9, 1989 dominated German newspaper headlines at the weekend, and television stations ran programme
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Global stocks rose and the dollar fell on Monday after the Group of 20 pledged to keep stimulus in place until recovery was assured, following data on Friday showing the U.S. unemployment rate rose to a 26-year high. The MSCI world equity index rose 0.8 percent in early London trade while European shares were up
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Financial bookmakers expect to see leading European indexes rise on Monday, for the fourth session in a row, after the Group of 20 pledged to keep stimulus measures until the economic recovery was assured. Financial spreadbetters expected Britain's FTSE 100 to open 29 to 33 points higher, or as much as 0.6 percent, Germany's DAX
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Moody's Investors Service raised the outlook on China's A1 rating to positive from stable on Monday, praising its economic performance in the past year during the global financial crisis. The agency said the country's strong credit fundamentals would resume its improving trend as the economy emerged from the effects of the global recession. "The country's
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Internet subscriptions in Cyprus shot up in 2008, according to the latest data from the Statistical Service. The number of people with internet access rose to 204 per 1,000 inhabitants in 2008 from 173 in 2007, marking a rise of 17.9%. Broadband has become the most prevalent type of internet access, covering 88% of total
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Deflation in Cyprus eased in October as consumer prices fell by only 0.8% compared with the same month of the previous year, having dropped by 1.2% year on year in September. Compared with the previous month, consumer prices rose by 1.3% in October, which the Statistical Service said was mainly owing to increases in the
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RESTAURANT REVIEW BY MATTHEW STOWELL Several years ago, Gatienne Thibaut was on her way from France to Lebanon when, due to a visa glitch, she was forced to land in Paphos. She spent two weeks in Cyprus and fell in love with the country, the people and the more relaxed, less restrictive, way of life.
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. BY ATHANASIOS ORPHANIDES A year has already passed since the peak of the worst financial crisis the world has experienced since the Great Depression of the 1930s. This extreme episode of financial instability has led to a severe and truly globalised economic downturn and highlighted the worldwide devastation than can result from a disturbance
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. Despite the extraordinary warm autumn weather we enjoyed in October, tourist arrivals were disappointingly down for the month, with a similar drop in sector earnings. Official figures suggest that we should end the year with an 11% loss in tourism figures, far worse than other areas whereas the European tourist market should close the
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. While the global insurance sector has been less directly impacted by the recession in comparison to other financial services businesses, most insurance companies around the world were surprised by the depth and magnitude of the downturn, according to a recent report from Ernst & Young. The report concluded that insurance companies must now focus
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