The Statistical Service of Cyprus has announced the publication of the monthly report “Intra-Extra E.U Trade Statistics (Summarised Data)” for July 2009, showing that the trade deficit shrank by nearly one billion in January-July, compared with the same period of 2008. The main developments in Cyprus foreign trade were as follows. Total imports/arrivals (covering total
More
The Cyprus turnover value index of wholesale trade excluding motor vehicles and motorcycles for June 2009 increased by 6.4 % to 128.6 compared with 120.9 in May 2009. However, for the period January-June 2009, the index recorded a decrease of 14.1% compared with the corresponding period of 2008. Meanwhile, the turnover value index of both
More
The Armenian community of Cyprus has expressed grave concern over two protocols agreed on 31 August between Armenia and Turkey. In an open letter to the President and the government of Armenia, it is noted that the protocols have caused grave concern to the entire Armenian nation, both in Armenia, Nagorno-Karabakh and the Diaspora, as
More
Global financial firms, emerging from the worst economic crisis since the Great Depression, are looking to shed India back office operations as they focus on core operations and cost cuts. AIG (AIG.N) and Citigroup Inc (C.N), the insurance and banking giants bailed out by the U.S. government, have already sold some of their India units
More
Wynn Macau's (1128.HK) strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer rival Las Vegas Sands (LVS.N), which plans a listing later this year. Wynn Macau shares ended 6 percent higher at HK$10.70 versus an IPO price of HK$10.08, defying forecasts of, at best,
More
Following are the last 10 winners of the Nobel Peace Prize: 2009 – U.S. President Barack Obama for efforts to strengthen international diplomacy and cooperation between peoples. 2008 – Former Finnish President Martti Ahtisaari for peace work from Namibia to Kosovo. 2007 – Former U.S. Vice-President Al Gore and the Intergovernmental Panel on Climate Change.
More
U.S. President Barack Obama won the Nobel Peace Prize on Friday for giving the world "hope for a better future" and striving for nuclear disarmament, in a surprise award that drew criticism as well as praise. The decision to bestow one of the world's top accolades on a president less than nine months into his
More
European equities edged lower on Friday, with the key index hovering around 1,000 points, as weaker miners offset telecom shares that rose after Telefonica offered bigger-than-expected dividends. At 0831 GMT, the FTSEurofirst 300 index of top European shares was 0.1 percent lower at 999.85 points after rising 1.3 percent in the previous session. The benchmark
More
World oil demand will recover at a faster pace than previously expected next year due to a more optimistic economic outlook, the International Energy Agency said on Friday. In a monthly report, the agency, which advises 28 industrialised economies, increased its global oil demand growth estimate for 2010 to 1.42 million barrels per day (bpd),
More
Fifteen million European buildings should have eco-friendly renovations over the next decade, with builders and architects re-educated to do the job, a draft EU report says. The European Union should also make mandatory its voluntary goal of cutting energy use, creating about 2 million new jobs, says a draft of the EU's "energy efficiency action
More