European shares fell early on Friday, dragged lower by utilities after disappointing profits from Germany’s RWE, while heavyweight oil stocks tracked crude prices lower. At 0815 GMT, the FTSEurofirst 300 index was down 0.6 percent at 1,322.61, having pared gains towards the close on Thursday when U.S. data showed the weakest reading on mid-Atlantic manufacturing
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The production capacity of Vassiliko Cement Works (VCW) is set to increase with the addition of a new clinker production line is expected to operate fully by mid-2010. The Company’s CFO G. Savva stated that the new VCW’s production capacity would increase to 2.4mln tons of cement (corresponding to 2.0mln tons of clinker) per year
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The EU “Schools’ Initiative for Innovation and Change†Grant Scheme will give grants of between EUR10.000 and EUR50.000 to primary and secondary schools in the northern part of Cyprus. Overall, up to EUR600.000 will be available. The grants are financed from the EUR259 million EU aid programme for the Turkish Cypriot community. This grant scheme
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Employment growth has been impressive during the last year according to the Joint Employment Report, to be adopted by Employment Ministers on 29Â February. Almost 6.5 million new jobs were created during the last two years and another 5 million jobs are forecast by 2009. Unemployment in the EU is expected to fall to under 7%
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Winner, Take It All (apologies to abba)  We don’t wanna talk About election promises – There’s other hot potatoes You did not relate to us. So we’d like to know Mr Christofias / Kasoulides Any more to say? Some things won’t go away  Winner, take it all (The loser takes a fall) Real
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by Christa Nicolaou The situation in Kosovo and the political problem in Cyprus can, by no means, be understood as two related issues, said Friday Greek Prime Minister Kostas Karamanlis. Speaking before the Greek Parliament, Karamanlis said that Cyprus and Kosovo are two different issues given that Turkey invaded Cyprus in 1974 and continues to
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British bank Lloyds TSB reported a 6 percent rise in underlying 2007 profit and raised its dividend on Friday, absorbing a rise in its writedown on risky assets and sending its shares over 5 percent higher. Britain’s biggest provider of current accounts said its annual profit before tax and volatility rose to 3.92 billion pounds
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Recent signs that the world’s biggest economy may be sliding into recession unsettled European and Asian stocks on Friday, and helped push the dollar to a near three-week low versus a basket of currencies. Adding to worries was news that thousands of Turkish troops have crossed into northern Iraq in their hunt for Kurdish PKK
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MOSCOW (Reuters) – A Russian schoolteacher who became a popular hero after he was put on trial for using pirated Microsoft programmes has launched a campaign against the software giant’s global domination. During his trial, Russian media portrayed Alexander Ponosov as a hero in a David-and-Goliath battle against big corporations. Russian President Vladimir Putin and
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Nearly two-thirds of senior executives around the world say they have experienced some form of actual or attempted corruption in their business dealings, according to a report by PricewaterhouseCoopers. The report, “Confronting Corruption: The business case for an effective anti-corruption programmeâ€, finds that 80% of executives say they have anti-corruption programs in place at their
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