The Cyprus Employers and Industrialists Federation (OEV) has called on the Minister of Commerce, Industry and Tourism Antonis Paschalides to step up measures the government has announced to boost the tourist industry, as tourist arrivals in the first five months of the year decline. Figures released by OEV show that tourist arrivals in the first
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Japan's industry raised production for the third month in a row in May, but doubts remained whether it can sustain the momentum without a clear rebound in the United States and other key export markets. The U.S. economy is showing signs that its worst recession in decades is abating, but Washington is hedging its bets,
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Asian stock markets retreated on Monday as weaker oil prices hit energy shares, even with many investors sticking to the sidelines as the second quarter winds down. European shares were set for a stumble in early trade, with futures on the Dow Jones Eurostoxx down nearly 1 percent. The dollar limped up from a slide
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U.S. President Barack Obama on Sunday called a House-passed climate change bill "an extraordinary first step," but spoke out against a provision that would impose trade penalties on countries that fail to cut greenhouse gas emissions. "At a time when the economy worldwide is still deep in recession and we've seen a significant drop in
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By Mohammed Abbas Under the watchful eye of a guard in army fatigues — with badges depicting a dagger through a skull — the meeting of the Iraqi private banks association was like any gathering of mostly fat and balding money men. Observed by the guard clutching a rifle in the corner, men in suits
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Turkey will accept nothing less than full European Union membership, its EU affairs minister said in an interview published on Sunday, following government efforts in Brussels last week to revive its drive to join. Turkish Prime Minister Tayyip Erdogan said on Friday Ankara was pushing ahead with reforms required for its entry in the EU
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Cyprus has recorded its twentieth case of the H1N1 virus, an official announcement has said. A press release issued yesterday by the Ministry of Health informed that six more cases of the disease were confirmed on Saturday after laboratory examinations. According to the announcement, five Cypriots and one English woman were found yesterday with the
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The net increase in migration in Cyprus fell by more than 1,000 people in 2007 but the absolute number was still higher than in the period before Cyprus joined the EU, according to the latest population statistics produced by the Statistical Service. Net migration (immigration minus emigration) was 7,390 in 2007. This was 14.8% lower
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As world stocks wrap up what is likely to be the best quarter in at least two decades next week, tests of the sustainability of a rally in risk loom for global financial markets. The onus of proof is on economic data, including closely-watched U.S. jobs figures next week and quarterly earnings from major companies,
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Copper steadied on Friday as investors digested a mixed bag of data and weighed weak fundamentals against optimism about potential economic recovery. Copper for three-month delivery on the London Metal Exchange was at $5,115 a tonne in official rings, from a close of $5,130 on Thursday. It traded between a range of $5,062 and $5,140,
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