Cyprus ranks 22nd in Mathematics and 33rd in Science among school pupils from 60 countries around the world. According to a 2007 research carried out by TIMSS (Trends in International Mathematics and Science Study), Cyprus has the same performances in Mathematics like Malaysia, Norway, Bulgaria, Israel, the Ukraine and Romania. The school pupils of Cyprus
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China's exports and imports shrank unexpectedly in November as the world's fourth-largest economy slowed in a startlingly abrupt way in response to the global credit crunch. The drop in exports from year-ago levels was the largest since April 1999, while the decline in imports was the steepest since monthly records kept by bankers began in
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Trading volumes at major European stock exchanges have surged in volatile markets this year, but this is unlikely to rescue their own shares from huge falls as investors stay nervous about bigger challenges the bourses face. The shares could face more grief as growing competition, the disappearance of a merger premium and technical glitches hit
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Hopes that governments worldwide will help out ailing industries and implement stimulus measures to fight against a deepening economic crisis lifted global stocks on Wednesday while oil gained $2 a barrel. European shares were up 0.2 percent in choppy trade but Japan's Nikkei average rose 3.2 percent to a one-month closing high. This and gains
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Global miner Rio Tinto, saddled with nearly $40 billion in net debt, said it would cut 13 percent of its workforce, slash capital spending and sell more assets as it battles a collapse in commodity prices. Rio, which mines a range of metals and minerals from aluminum and copper to gold and diamonds, has been
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The U.S. economy needs a $900 billion government boost focused on Main Street over the next two years to pull it out of a deep recession, a new report from labor and public interest groups said on Tuesday. "We need a substantial, strategic and sustained plan to get this economy going," said Robert Borosage, co-director
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Japan's policies for tackling its economic woes amount to a band-aid, the main opposition party's policy chief said on Wednesday, arguing reallocating public resources could revive the economy without costing more. With the global financial crisis sending the economy deeper into recession, Prime Minister Taro Aso's support has dwindled to near 20 percent, boosting the
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American International Group, once the world's largest insurer, owes around $10 billion to other financial services firms for trades that have gone sour, the Wall Street Journal reported in its online edition on Tuesday. The report, citing people familiar with the matter, says the trades have not been explicitly disclosed before, and are not covered
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Greece’s Panathinaikos FC has brought an end to Anorthosis Famagusta FC's remarkable European campaign, clinching a place in the UEFA Champions League knockout stage for the first time in seven years. A second-half strike from Giorgos Karagounis was enough to seal a remarkable turnaround for the Greek side, ending the match with 1-0 and managing
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Cyprus Airways flights to Greek destinations have been cancelled due to the 24 hour general strike across Greece on Wednesday. Spokesman for the national carrier, Kyriakos Kyriakou told CNA today that extra flights have been scheduled from midnight tonight to serve the passengers who were affected by today’s strike. A total of 12 flights to
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