Cypriot shooter George Achilleos secured the silver medal in Men's Skeet in the XVI Mediterranean Games taking place in Pescara, Italy. Italy's Ennio Falco won the gold with 148/150 and France's Anthony Terras the bronze with 147/150. Achilleos, currently second in Men's World Skeet rankings, made an impressive start reaching the finals with 124/125 discs,
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Minister of Labour and Social Insurance Soteroula Charalambous has said that ''the government intends to continue monitoring the impact of the financial crisis on social security and more importantly of the population ageing and if the need arises, it is determined to take targeted measures to cope with this challenge.'' Addressing the Meeting of the
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Twelve new cases of H1N1 flu have been confirmed in Cyprus, increasing the total cases to 70, Cyprus Health Ministry announced on Thursday. Eight of the new cases concern Cypriots. According to the press release, until now laboratory tests for 151 persons with flu symptoms have been conducted and 70 of them have been diagnosed
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The euro area seasonally adjusted unemployment rate was 9.5% in May 2009, compared with 9.3% in April 2009. According to figures published by Eurostat, unemployment in Cyprus rose to 5.3% in May from 5.1% in April. The unemployment rate for males in Cyprus rose from 4.9% in April to 5.2% in May and for women
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World stocks dipped towards a 1-1/2 week low on Friday after the previous day's disappointing U.S. jobs report boosted expectations that the process of recovery in the world's biggest economy would be long and slow. U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in
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Heavy job losses in the United States and Europe soured market sentiment, pointing to a long, slow recovery from the world's deepest recession in eight decades. Friday's euro zone service sector surveys for June and retails sales for May are unlikely to cheer investors either, with both sets of data expected to show a deterioration
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U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said. Meyer issued her forecast two days after the Standard & Poor's/Case-Shiller Home Price Indexes showed for April an
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Asian stocks retreated on Friday and the dollar edged up after a disappointingly big drop in U.S. employment prompted investors to pull back from commodities, resource-linked shares and higher-yielding currencies. But the equity market decline across Asia was limited as the report showing that U.S. companies slashed nearly half a million jobs in June did
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The annual inflation rate fell for a fourth straight month in June, as the consumer price index rose by just 0.2% compared with June 2008. The main decline was in prices of goods influenced by oil prices. Transport prices were 10.2% lower in June 2009 than June 2008, while housing, water electricity and gas prices
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Capital Intelligence, the international credit rating agency, has raised Lebanon’s long-term foreign and local currency ratings to ‘B’ from ‘B-’ (B minus). The outlook is stable. The long-term foreign currency ratings of six Lebanese banks that were constrained by the sovereign’s rating – Bank Audi-Audi Saradar Group, BBAC, BLOM Bank, Byblos Bank, Credit Libanais, and
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