Stocks in Hong Kong and Taiwan rose on Thursday, bolstered by bets China's recovery will continue, while the U.S. dollar recovered from a three-week low against the euro ahead of the latest U.S. labour market report. Major European stock futures were down 0.9 percent before the jobs data, while U.S. S&P 500 futures declined 0.3
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The Cyprus problem as well as other international and regional issues are on the agenda of Turkish Minister of Foreign Affairs Ahmed Davutoglu’s working visit to Moscow, which began Wednesday. In an interview with RIA Novosti, spokesman of the Russian Ministry of Foreign Affairs Andrei Nesterenko has said that Davutoglu and his Russian counterpart Sergey
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Cyprus secured Wednesday a total of three more medals, two gold medals and one bronze, in the XVI Mediterranean Games, currently taking place in Pescara, Italy. Cypriot champion Kyriacos Ioannou won the gold medal in men's high jump with 2.30, while Cypriot athlete Anastasia Christoforou secured the gold medal in the women's 50m breaststroke. Christoforou
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Director General of the Cyprus Stock Exchange (CSE) Nondas Metaxas has said that the agreement signed on Wednesday in Greece between the CSE and the Athens Stock Exchange (ASE) to expand their cooperation would be of great benefit to the CSE. Metaxas told CNA that the agreement ''bridges a large gap'' which did not allow
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— Etihad to start code share flights to Abu Dhabi with Cyprus Airways — Passenger traffic at Cyprus’ two airports is down 6.3%, with officials saying that the arrival of new airlines, such as the UAE’s Etihad, should help business to pick up. Alfred van der Meer, CEO of operator Hermes Airports, said that the
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By Claudia Parsons When Jeff Yeager's book "The Ultimate Cheapskate" came out 18 months ago, he felt like a voice crying in the wilderness telling people to ditch their cell phones, hoard their pennies and pay off the mortgage. Now the Internet abounds with self-proclaimed penny-pinchers offering tips on living frugally as the recession bites
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U.S. mortgage applications plunged to a seven-month low last week, industry data showed on Wednesday, dampening hopes of the economy emerging from its worst slump since the Great Depression. The news supported other evidence from Europe and Asia that broad recovery would be slow, as euro zone manufacturing activity contracted in June, with Germany lagging
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Greeks were banned from smoking at work and inside bars and restaurants on Wednesday, but many question how the measure will work in Europe's heaviest smoking nation. Terraces in central Athens filled up with smoking clients as tobacco is still allowed outside, and there was confusion over how the law will be applied indoors. More
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The Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce are calling for proposals for the preparation of two studies for the economic interdependence between the Greek Cypriot and the Turkish Cypriot communities. The studies will be financed in full by the United Nations Development Programme’s Action for Cooperation and
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A European Commission revised guideline – approving the application of tonnage tax – is an acknowledgement of Cyprus' expertise in shipping and in particular ship management, Cypriot maritime officials have said. After technical input from Cyprus, the largest ship management industry in the world, the European Commission extended the application of tonnage tax – to
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