Michalakis Papageorgiou is the new Cyprus Police Chief. Government Spokesman Stephanos Stephanou said that President Demetris Christofias has appointed Papageorgiou, who served until now as Deputy Chief of Police, as the new Chief in succession of Iacovos Papacostas who resigned on June 18. Papacostas had said his resignation aimed at making it easier for the
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European equities rose at midday on Monday, led by energy companies and financials, and as the economic outlook in the euro zone improved. At 1043 GMT, the FTSEurofirst 300 index of top European shares was up 1.1 percent at 853.91 points after falling in the previous two sessions. The European benchmark index is up more
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Oil rose towards $70 a barrel on Monday after Nigeria's main militant group said it attacked a Royal Dutch Shell oil platform, outweighing a fairly bearish report from the International Energy Agency (IEA). The Movement for the Emancipation of the Niger Delta (MEND) said in an emailed statement it struck the Shell Forcados platform in
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Japanese industrial output rose for the third month in a row and euro zone economic confidence is improving, data showed on Monday, but policymakers said it was too early to conclude a recovery is taking root. A top White House adviser said President Barack Obama could discuss more measures to stimulate the world's biggest economy
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International activists sailed from Cyprus on Monday in a bid to deliver aid to the Palestinian population in Gaza, in defiance of a sea blockade by Israel. A group of 21 activists from the U.S.-based Free Gaza Movement left the Cypriot port of Larnaca early on Monday morning for a 30-hour journey on a small
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The total value of bounced cheques in Cyprus has already reached 5.3 mln euros in the first half of the year, nearly level with last year’s total of 5.6 mln, primarily due to the worsening economic situation, officials said Monday. To date, 948 individuals and companies have issued 2336 cheques, compared with 1181 issuers and
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A U.S. recovery is likely to begin this autumn, the worst of the crisis has passed and it is "reasonable to be optimistic for 2010," internet search giant Google's chief executive Eric Schmidt said on Friday. Speaking at the Cannes Lions advertising festival in southern France, Schmidt said U.S. jobless claims indicated "the beginning of
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China's latest Internet controls have been assailed by rights advocates and Washington, and yet the real challenge to its "Green Dam" plan may be the nation's own computer market, an anarchic digital bazaar. Starting from Wednesday, the government has ordered that personal computers sold in China must leave manufacturers with Green Dam filter software intended
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The dollar recovered a little ground on Monday after falling late last week on a renewed call by China for a super-sovereign reserve currency, and stocks traded just below the top of recent ranges. China, which holds nearly $2 trillion of reserves believed to be concentrated in dollars, repeated its calls for an end to
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The European Investment Bank (EIB) has authorised the amount of EUR250 mln to be given to Cypriot small and medium-sized enterprises (SMEs). According to the Chairman of the Cyprus Chamber of Commerce and Industry, the EUR 250 mln will be channeled through the Bank of Cyprus (130 mln), the Hellenic Bank (70 mln), and Marfin
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