Cyprus economy is expected to record a growth rate over 2% during the first three months of 2009, Cyprus Finance Minister Charilaos Stavrakis said here Thursday. “The economy is moving according to our predictions,” he said, adding that there has been a high growth rate of the economy in January and the first days of
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Sales at U.S. retailers rebounded in January, government data showed on Thursday, likely boosted by post-holiday discounts and providing a rare glimmer of hope for the recession-hit economy. But the upward trend in sales could prove unsustainable as companies, reeling from a year-long recession continue to layoff workers in large numbers. The Commerce Department said
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Chinese state-owned aluminium group Chinalco will invest $19.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio's debt but also raise regulatory scrutiny. Rio shares in London tumbled as much as 18 percent on Thursday as investors worried that Rio was giving up too many
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The government will continue to inform the international community on the issue that has arisen from the self-confession of Turkish actor Attila Olgac that he killed ten Greek Cypriots during the 1974 Turkish invasion of Cyprus, Government Spokesman Stephanos Stephanou has said. Replying to questions on Wednesday after a Cabinet meeting, Stephanou said that the
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The Committee on Foreign Affairs of the European Parliament has urged Turkey to facilitate a suitable climate for the ongoing peace talks in Cyprus by withdrawing its military forces from the island and by allowing the two community leaders to negotiate freely their country's future. The Committee expressed regret that Turkey has not met its
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Videogames can be good for children, encouraging creativity and cooperation, a European Union report concluded Wednesday which ran counter to the violent reputation of some titles. In conclusions that may either surprise or reassure parents of game addicts, the study by the European Parliament Committee on the Internal Market and Consumer Protection found a number
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World stocks slid on Thursday, pushing the low-yielding yen and safer government bonds higher as investors grew increasingly disappointed over a compromise on a $789 billion U.S. fiscal stimulus plan. U.S. congressional negotiators reached a deal on Wednesday over the plan on emergency spending and tax cuts, aimed at reversing a deep recession. The price
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Spain reported its worst economic contraction in 15 years on Thursday, heralding the dire data expected tomorrow from Europe's biggest nations, while Japan highlighted the risk of damaging deflation. Policymakers around the world fought to keep their economies, large and small, from diving deeper into crisis. Ireland — one of Europe's most troubled economies —
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A Seminar for everyone concerned by the Karpaz/Akrotirio Apostolos Andreas – Nisoi Kleides Special Environmental Protected Area (SEPA) will be held on 16 February 2009, at 16:00h at the Secondary School in Dipkarpaz/Rizokarpaso. The purpose of the seminar is to consult the local communities, land owners, local business, relevant stakeholders and other concerned by nature
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