By Patrick Markey and Mica Rosenberg Ousted Honduran President Manuel Zelaya turned back from an attempted return home on Sunday after soldiers clashed with his supporters as he tried to land, fueling tensions over the coup that toppled him. Zelaya's plane landed in neighboring Nicaragua, after he said initially his flight from Washington would divert
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Japan's Nikkei average fell 1.4 percent on Monday with investor sentiment dampened after last week's downbeat U.S. employment data dented hopes for an economic recovery. Concerns about the outlook for the global economy hit resource-linked shares such as oil and gas developer Inpex Corp and trading houses including Mitsui & Co. Nippon Yusen and other
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China said the dollar will retain its global dominance for years to come, offering its assurances ahead of the Group of Eight summit just as it takes another step to boost the profile of its own yuan currency. Beijing has floated the idea of looking for an alternative to the dollar as global reserve currency
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Fourteen new cases of H1N1 flu have been confirmed in Cyprus during the last 24 hours, increasing the total number to 109, Cyprus Health Ministry announced on Sunday. According to a press release, eight of the new cases concern Cypriots. It is stated that until now laboratory tests for 240 persons with flu symptoms have
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A total of 645,327,822 in total Bank of Cyprus Public Company Ltd (BOCY) Convertible Capital Securities will be listed on the CSE and Athex and commence trading on Wednesday July 8, 2009, subject to the CSE Council approval. The Convertible Capital Securities of nominal value EUR1.00 each, bear a fixed interest rate of 5.50% for
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The President of the Republic of Cyprus, Demetris Christofias, will pay an official visit to Armenia on July 6 and 7, accompanied by his wife, Elsie Christofia. During his visit to Armenia, President Christofias will have a private meeting with President Serzh Sargsyan, followed by talks between their countries’ delegations. This will be the Cypriot
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Publicworld has expanded its network in Cyprus with its second Public books-to-music store that opened in Limassol’s MyMall in Zakaki. The new store, the Greek chain’s fifth outlet, cost 2 mln euros and takes up 2,000 sq.m. Publicworld aims to open a further 15 stores in Greece and in the Balkans by the end of
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. Pesto Pesto is Italian – a quite pungent blend of fresh basil, pine-nuts (“Pinolia”), cheese, garlic and olive oil. It is a great accompaniment to Pasta and Gnocchi, but around my table it is often spooned on to grilled or fried chicken and fish. It is simple to make and it’s a super summer
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PwC E&M Survey Over the next five years, digital technologies will become increasingly widespread across all segments of entertainment and media (E&M) as the digital migration continues to expand according to the PricewaterhouseCoopers Global Entertainment and Media Outlook for 2009-2013. Though the current economic downturn has impacted virtually every sector of the E&M marketplace it
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For the first time since World War II, global GDP is expected to shrink this year. Worldwide consumption is down, stock markets have been hit, trade has slumped and employment has declined. But according to a survey conducted by the Economist Intelligence Unit, and sponsored by SAP, global business conditions are set to improve. The
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