Cyprus has submitted an application to become a full member of CERN, the world’s largest particle physics laboratory, which is situated in the northwest suburbs of Geneva on the Franco-Swiss border. The scientific community of Cyprus deems that the benefits from Cyprus’ full CERN membership will be huge, since the know–how and the knowledge of
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Cypriot Finance Ministry and Cyprus Investment Promotion Agency (CIPA) agreed to formulate an action plan to solve procedural issues considered to hinder foreign direct investment in Cyprus, Cyprus Finance Minister Charilaos Stavrakis said on Tuesday. CIPA Vice Chairman Christos Mavrellis said that among other factors, which act as a hindrance to FDI in Cyprus, are
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President of the Foreign Affairs Committee of the House of Representative Averof Neofitou, leaves for Athens on Wednesday to take part in the 7th General Assembly of the World Hellenic Inter-Parliamentary Association that will take place from 29 July until 2 August. The issues which will be raised at the assembly concern practical ways to
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Leftwing ruling AKEL and the Republican Turkish Party (CTP) reaffirmed on Tuesday their joint commitment to work, supporting direct negotiations between the leaders of the two communities in Cyprus, towards reaching a solution of the Cyprus problem the soonest possible, which would be acceptable by both communities on the island. Delegations of the two parties,
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The decline in British retail sales eased in July but by less than economists had expected, a survey by the Confederation of British Industry showed on Tuesday. Just under half of retailers in the CBI's distributive trades survey reported a decline in sales compared to last July, while slightly under a third reported a rise.
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Moody's Investors Service has downgraded the long-term foreign and local currency deposit ratings of Azerbaijan's second-largest bank, Bank Standard, to B3 from B1 and the bank financial strength rating (BFSR) to E from E+. The outlook for the long-term deposit ratings is negative. The downgrade of Standard's ratings has been prompted by the material deterioration
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Moody's Investors Service said that the recently proposed consolidation of Dubai's two largest master real estate developers, Emaar Properties and the real estate activities of Dubai Holding Commercial Operations Group, would create a dominant entity in Dubai's property market that would control the market as well as benefit from economies of scale and stronger bargaining
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European stocks slipped while U.S. stock futures pointed to a weaker open on Wall Street on Tuesday after strong optimism over corporate earnings sent world stocks to fresh 9-month peaks. BP's disappointing report of a halving in quarterly profits and Deutsche Bank's's significant rise in loan provisions prompted investors to book profits after world stocks
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While the debate rages among policymakers on when to even start talking about strategies for withdrawing emergency support for the economy, money markets are increasingly convinced the European Central Bank will have to begin testing the waters by the end of the year. The ECB has provided banks with unlimited liquidity since the credit crisis
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The dollar edged lower against most major currencies on Tuesday, hitting an eight-week low against the euro as investor sought riskier assets, though the greenback's losses were tempered after share prices pared gains. European shares turned slightly negative by late morning trade, erasing early gains after posting their highest close since November on Monday. By
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