FC APOEL, Cyprus’ football champion, were beaten at home last night by FC Porto 0 – 1, in the Champions League Group D. A late goal by Falcao (84th minute), at GSP Stadium in Nicosia, gave Porto a place in the knockout stages. APOEL are scheduled to play Atletico Madrid, on 25 November, in Nicosia,
More
The global economic crisis and the effort to halt climate change highlight the importance of a sustainable EU Cohesion Policy, the Union of Capitals of European Union (UCEU) stresses in its common positions, adopted during the 49th General Assembly, held in Nicosia, in October. Capitals of EU countries formed their declaration, noting that they represent
More
UN Secretary General Ban Ki-moon will discuss the Cyprus question, among other international issues, during his official visit to Greece where he arrived on Tuesday evening. On Wednesday, Ban will meet Prime Minister and Foreign Minister George Papandreou, with whom he will also discuss other issues, including Skopje. Ban is the first UN Secretary General
More
The growth rate of the Cypriot economy is expected to be negative this year, but less than that of the other countries in the euro zone, according to the autumn economic forecast of the European Commission issued here today. A negative trend is being recorded in the fiscal deficit, which this year will exceed the
More
Marfin Popular Bank Public Company Ltd (CPB) announced that its Board will convene on Thursday, November 26, 2009 to examine the financial results for the 9-month period ended 30 September 2009. A year ago, profit after tax in the same period amounted to EUR 323mln, while for the 6-month period ended 30 June 2009, net
More
— Bank of Cyprus is kick-starting the reporting season for the nine-month results Wednesday with market analysts expecting the bank to report improved profits compared to the previous quarter, but still lag last year’s profitability levels. The recent improvement in credit markets and some stability in the main markets where Bank of Cyprus is active,
More
The World Bank on Wednesday raised its forecasts for East Asian growth, largely due to a rebound in China driven by aggressive fiscal and monetary stimulus, but warned that a true recovery in the region was not yet at hand. In a twice-yearly review, the Washington-based development bank revised its projection of 2009 gross domestic
More
Bank of Ireland may have to ask the government to inject more capital after it transfers up to 16 billion euros ($23.6 billion) of loans to a planned "bad bank", it said as it posted an underlying first-half loss. Shares in Ireland's biggest bank by assets and market value and rival Allied Irish Banks have
More
Drinking untreated rainwater is safe for your health, according to an Australian study. Researchers from Melbourne's Monash University looked at 300 homes that used rainwater collected in water tanks as their primary drinking source in what they described as a "world first" study that comes amid growing criticism of bottled water. All of the homes
More
The dollar lost ground on Wednesday after hitting a one-month high against a basket of currencies, while Asian stocks edged higher in muted trade ahead of central bank meetings that kept investors wary. Oil fell for the first time in three days after a 2 percent surge on Tuesday and gold eased after hitting a
More