The 16-country euro zone lost a record 1.22 million jobs in the first quarter of 2009, data showed on Monday, highlighting the depth of recession and boding ill for any quick turnaround. The number of employed fell 0.8 percent in the first three months against the previous quarter to 146.2 million, pulled down by job
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A retreat in mining and energy stocks, sparked by falling commodity prices, pulled Britain's top share index down 1.8 percent early on Monday. By 0758 GMT the FTSE 100 was down 78.86 points at 4,363.09 after falling 19.92 points to close at 4,441.95 on Friday. The index is down 1.4 percent this year, but has
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The dollar rose across the board on Monday after Russia said the U.S. currency's role as the world's main reserve currency was unlikely to change in the near future, hitting energy and commodity prices and related shares. After a weekend meeting in southern Italy, finance chiefs from Group of eight said they believed their economies
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European shares fell on Monday morning, tracking losses in Asia, with mining and energy shares hit by lower commodities prices as the U.S. dollar strengthened. At 0838 GMT, the FTSEurofirst 300 index of top European shares was down 1.5 percent at 872.0 points. But the European benchmark index is up more than 35 percent from
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The government expects that European Commission President Jose Manuel Baroso will contribute to the Cyprus peace effort by ensuring that proposals put forward at the ongoing, UN-led talks, are in line with UN decisions on Cyprus, Foreign Minister Markos Kyprianou has said. In statements at Larnaca airport on Sunday, Kyprianou said the government expects Barroso
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The National Airline of the United Arab Emirates, Etihad Airways launched Sunday direct flights from Abu Dhabi to Larnaka airport, with a frequency of three flights a week. According to a press release, issued here today, Etihad's operations to Larnaca will offer one more advantage in the efforts to reinforce tourist attraction to Cyprus and
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The Board of Primetel Plc (PTL) will meet on June 23, 2009 to examine and approve the issue of non-convertible Bonds of up to EUR5 mln. In addition the Board will decide on the allocation to “the managerial staff and the executive directors of share units of restricted rights based on the “Incentive Plan of
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U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world's top economies, but governments should pledge a return to more sustainable fiscal policies in the future. "Growth should remain the principal focus of policy among the G8 and broader G20 economies," Geithner told a news conference
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Personal computer makers are increasingly prioritizing "green" strategies, creating a pivotal point of competition for customers that are becoming more attuned to their financial — and societal — benefits. Analysts say going green has become a business plan unto itself for the industry's heavyweights: a way to stand apart from rivals, win over a growing
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Religiously devout Jews barred by rabbis from surfing the Internet may now "Koogle" it on a new "kosher" search engine, the site manager said on Sunday. Yossi Altman said Koogle, a play on the names of a Jewish noodle pudding and the ubiquitous Google, appears to meet the standards of Orthodox rabbis, who restrict use
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