Yahoo Inc shares rallied by as much as 16 percent after the company announced that Jerry Yang will step down as chief executive on hopes his departure will clear the way for a deal with Microsoft. Yang — who will return to his former role as Chief Yahoo, focusing on strategy and technology — tried
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Cyprus’ trade balance surged to a EUR 4.1 bln deficit in January – August 2008, according to Eurostat. The total value of exports reached EUR 700 mln marking a 7% growth, compared to last year. Imports marked an increase of 19%, reaching EUR 4.8 bln. The EU27 energy deficit increased (-253.7 bln euro in January-August
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Major world banks showed the strain of economic crisis on Tuesday, with Britain's Barclays altering its fund-raising plans to quell shareholder anger and profits in Japan's largest bank tumbling. Japan's economy minister said recession in the world's second-biggest economy could last longer than feared and falling UK inflation, and the prospect of the same in
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Tumbling petrol prices pushed British annual consumer price inflation down for the first time in more than a year in October and at the fastest pace since the series began in 1997, official data showed on Tuesday. The Office for National Statistics said consumer price inflation dropped to 4.5 percent year-on-year in October from 5.2
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Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending its shares up 4 percent on hopes his departure will clear the way for a deal with Microsoft. Yang — who will return to his former role as Chief Yahoo, focusing on strategy and technology
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The Cyprus industrial turnover index reached 134.4 in August 2008 (base 2000=100), recording an increase of 5.5% compared to August 2007. Industrial turnover comprises mining and quarrying, manufacturing, electricity, gas and water supply. For the period January-August 2008 the index recorded a rise of 14.3% compared to the same period of the previous year. In
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Church leaders participating in the International Meeting for Peace “The Civilisation of Peace: Faiths and Cultures in Dialogue”, organized here by the Church of Cyprus in cooperation with the Saint Egidio Community, pledged to pray for a successful conclusion of the negotiations for an overall settlement to the Cyprus issue. The statement was made by
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European Commissioner responsible for Transport Antonio Tajani has activated an emergency email address [email protected] to which travellers can directly address their queries in case of strikes, flight cancellations, prolonged delays and overbooking. At a time when many travellers experience inconveniences throughout Europe, the Commission is offering to its citizens this concrete and easily accessible service.
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After 11 months of decline, building permits showed some signs of life in September, although the reasons for the increase may turn out to be shortlived. The number of building permits authorized by the municipal authorities and the district administration offices during September 2008 rose by 13.8% compared with September 2007 to 834. The total
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Cyprus’s plans to lengthen the tourist season have yet to be fulfilled, as the goldilocks month of October (neither too hot nor to cold) saw a fourth consecutive decline in tourist arrivals. On the basis of the results of the Passengers Survey, arrivals of tourists reached 267,866 in October 2008 compared to 275,103 in October
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