U.S. Trade Representative Ron Kirk is expected to launch a WTO case against China on Tuesday when he holds what his office called a major news conference regarding U.S.-China trade. Kirk's office gave no details in announcing the 9:15 a.m. EDT/1315 GMT session with reporters. But industry sources said they expected the United States and
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President Demetris Christofias has said that he and Turkish Cypriot leader Mehmet Ali Talat have a responsibility to fulfill the aspirations of all Cypriots. He also expressed hope that the wisdom and patriotism will guide them in their efforts to establish a federal Cyprus, free of foreign interventions. Addressing an event at Ledra Palace to
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The overall tax-to-Gross Domestic Product ratio in Cyprus was 41.6% in 2007, marking an increase of 5% compared to 2006, according to Eurostat. The overall tax-to-GDP ratio measures the tax burden as the total amount of taxes and compulsory actual social security contributions as a percentage of GDP. According to the data of Eurostat, the
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Cyprus counts 42 deaths in road accidents in 2008, recording a decrease of about 8% compared to 2007. A report released by the European Transport Safety Council saw a decrease in road deaths by 8.5% in the EU27. Some 39,000 people were killed in 2008, 15,400 less than in 2001 but still far from the
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The Price Index of Construction Materials in Cyprus reached 116.85 (base year 2005=100.00) in May, recording an increase of 0.19% over the previous month. For the period January – May 2009, the index recorded a decrease of 0.91% over the corresponding period of the previous year.
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After four months of decline, the number of residents of Cyprus travelling abroad rose again in April. On the basis of the results of the Passengers Survey, 102,733 residents of Cyprus returned from a trip abroad in April 2009, a rise of 12.1% compared with the 91,675 who returned in the corresponding month of 2008.
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Apple Inc said it had sold more than 1 million of its newest iPhone in the first three days of launch, beating analysts' expectations for the 3GS smartphone's debut. The statement from Apple also included a quote from Chief Executive Steve Jobs, leading at least one analyst to speculate that this meant he was back
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Stocks slid on Monday as investors questioned the strength of an economic recovery, while energy shares were dragged down by lower oil prices. After a sharp three-month rally, indexes have eased as traders increasingly questioned if stocks are due for a correction. Worries that the economic recovery could be tepid have wilted the optimism that
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World stocks slipped on Monday and government bonds rose as a decline in oil and commodity prices weighed on resource stocks and caution ahead of this week's data weighed on risky assets. U.S. crude oil fell 1.8 percent to $68.30 a barrel, hit by a firmer dollar and weak gasoline prices after investors grew concerned
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U.S. President Barack Obama in an interview aired on Monday defended his administration's plan to give the Federal Reserve new powers to oversee systemic risks in the economy. Obama, in an interview shown on the CBS Early Show, said the administration wants an overseer that "is accountable and clear when it comes to these large
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