Former President of the Republic of Cyprus, Tassos Papadopoulos, served his homeland with devotion and was in the vanguard of the difficult political life of Cyprus, which he did not abandon until his death, President of the Republic Demetris Christofias said Monday. In his valedictory speech at the funeral of Tassos Papadopoulos, who passed away
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World stocks climbed strongly on Monday as investors prepared for another cut in U.S. interest rates, sought to pick up year-end bargains and reassessed the possibility of help for the ailing U.S. auto industry. The dollar fell against major currencies and the price of oil see-sawed ahead of this week's meeting of petroleum exporting countries.
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With more than $1 billion in sales and 50 million tracks downloaded between them — on a base of only about 350 songs — the "Guitar Hero" and "Rock Band" videogame franchises emerged this year as serious moneymakers for the music industry. But are they bringing in enough per track? During a quarterly earnings call
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Google Inc has approached Internet carriers with a proposal to create a "fast lane" for its own content, countering its previously stance of equal network access for all content providers, The Wall Street Journal reported on Sunday. One major cable operator in talks with Google said it has been reluctant to forge a deal because
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Retail sales growth was still strong in September according to the latest figures from the Statistical Service. The total volume of retail sales rose by 8.1% compared with September 2007, faster than the 3.5% recorded in August. The fastest growing subcategory was pharmaceuticals, cosmetics and toiletries, which rose by 20.5% compared with the same month
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U.S. motorists drove 9 billion miles (14.5 billion kilometers) or 3.5 percent less in October than they did a year earlier even as gasoline prices continued to fall, the Transportation Department said on Friday. Last month's decline in miles driven was the largest drop of any October since 1971. For the first 10 months of
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Russia, the world's biggest non-OPEC exporter, could vow to curb supply in line with deep cuts OPEC is expected to agree in Algeria next week as it seeks to gain political clout, but its production is declining anyway. Although Moscow has hinted it could join the Organization of the Petroleum Exporting Countries, most analysts say
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Oil fell below $44 a barrel on Friday, after the collapse of a $14 billion rescue plan for U.S. automakers caused heavy losses across global financial markets and Goldman Sachs predicted oil could drop to $30 a barrel. U.S. crude oil for January delivery was down $3.97 at $44.01 a barrel by 1455 GMT. The
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Stocks fell on Friday as investors worried about the survival of U.S. automakers after a proposal to give them urgent government funding hung in the balance. Fears of a possible bankruptcy of one or more U.S. automakers rattled investors, sending stock markets tumbling around the globe. But signs that the White House and U.S. Treasury
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Sales at U.S. retailers fell for a fifth straight month in November, the longest decline in at least 16 years, as gasoline sales tumbled by a record amount, according to government data on Friday. The Commerce Department said total retail sales fell 1.8 percent to a seasonally adjusted $355.66 billion last month following a revised
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