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Cyprus tops EU survey in work-related stress
CYPRUS has the highest percentage of workers in Europe who are suffering from work-related stress, at 51 per cent.
This is three times higher than the European average of 16 per cent.
These finding were published in the third edition of a European survey carried out by Ipsos MORI, a research company in the United Kingdom, on behalf of the European agency of safety and health at work.
According to the survey job insecurity and work reorganisation are considered as the most common cause of work-related stress in Europe. Half of the European working population believes work-related stress is a… Continue reading
Electricity cash would arrive quicker than gas
Author: Elias Hazou
AN ISRAELI-led joint venture’s proposal to produce and export lucrative electricity
from possible gas reserves within offshore Block 3 is being “considered” by the
government, the Sunday Mail has been told.
The venture had bid for Block 3 but was not picked, the exploration licence ultimately
awarded to the Italian-Korean consortium of ENI-KOGAS.
But Dr Eli Barnea, CEO of Sigma Explorations Holdings Limited – which has a 75 per
cent stake and was the designated operator in the Israeli joint venture – said this
week that their offer still stands.
The Israeli-led group’s proposal on Block… Continue reading
Russia hasn’t yet agreed to extend Cyprus loan, minister says
RUSSIA has not yet agreed to extend the terms of its 2.5 billion euro loan to Cyprus,
Russia’s deputy finance minister said yesterday.
“There was a request … to change the duration of the loan, we promised to think
about it,” Sergei Storchak told reporters, on the sidelines of the European Bank for
Reconstruction and Development annual meeting, speaking through an interpreter.
“This was a kind of promise – if somebody wants to see it as a done deal, there is
nothing I can do about it.”
He added that any changes to the terms of the loan would need… Continue reading
Nadir renounces British citizenship
JAILED Turkish Cypriot tycoon Asil Nadir has renounced his British citizenship in order to return to Turkey, reported Turkish Cypriot daily Afrika yesterday.
According to the paper, the Turkish Cypriot businessman, who is currently in Belmarsh Prison in the UK, is now one step closer to returning to Turkey after being sentenced to ten years in jail last August by a British court after being found guilty of stealing £28.8 million from Polly Peck and its shareholders.
Afrika reported that Turkish Justice Minister Sadullah Ergin gave instructions to the Turkish ambassador in London to assist proceedings for Nadir to… Continue reading
UK experiencing economic ‘lost decade’: TUC
Britain’s economy is experiencing a “lost decade of growth” due to the government’s inappropriate economic policies, the UK’s largest unions body the Trades Unions Congress (TUC) warns.
The TUC ranked the UK 24 among the world’s 33 advanced economies based on the International Monetary Fund’s (IMF) latest GDP forecast. The union also accused British Chancellor George Osborne of pursuing an economic strategy causing the UK to fall behind its competitors in the global recovery.
“We truly are experiencing a lost decade for growth. While other countries are already seeing a rise in economic output, the UK won’t return to… Continue reading
Chatham House & UK Foreign Policy; an overview
The Royal Institute of International Affairs (Chatham House) and the Council on Foreign Relations in the UK are comprised of a group of elites who although unaccountable shape Britain’s foreign policy.
The post-1945 world order, which was marked by closeness between Britain and the United States, was mainly constructed by Think Tanks and Power in Foreign Policy involving intellectual and political forces who developed a resilient Anglo-American alliance during the World War II.
Chatham House and the Council on Foreign Relations were vital in Britain’s shift from imperialism to its current pro-US orientation. They also helped the US shift from… Continue reading
NHS hospitals robbed dead people organs
Several British hospitals have been exposed as involved in a body organs’ scandal in which NHS hospitals have kept hundreds of dead people’s body parts without relatives’ permission for up to 20 years. The stolen organs include brains and other vital parts of the dead bodies, an investigation by The Sun revealed.
Guy’s and St Thomas’ Hospitals in London are now contacting relatives of the deceased from across Britain telling them that they can take back the organs that could repeat the gruesome 1990’s scandal in Bristol and Liverpool that led to second funerals.
The scandal is… Continue reading
We paid a very high price in Afghanistan: UK PM
British Prime Minister David Cameron has admitted that Britain has “paid a very high price” in Afghanistan after the Ministry of Defense (MoD) confirmed new casualties in the Asian country. The MoD earlier announced that three British soldiers had been killed in a roadside bomb attack on their vehicle in the Afghan province of Helmand.
The deaths take the number of British troops who have been killed in Afghanistan since October 2001 to 444.
Cameron’s comment follows MoD’s admittance back in March that the Afghan campaign is “unwinnable in military terms”.
During his interview, Cameron also echoed the MoD’s… Continue reading
Average house price ‘could surge to £300,000 because of inflation cause by Government’s new homebuying scheme
- Help to Buy scheme could push prices by almost 30 per cent by 2015
- A restrictive market is what is keeping prices down, expert say
- Government scheme will help first-time-buyers get on property ladder
The average home could soon cost £300,000 because of price inflation caused by the Government’s new homebuying scheme, economists warn. George Osborne announced the Help to Buy scheme in this year’s Budget to help struggling buyers get on the housing ladder with just a 5 per cent deposit. But a report by former Bank of England economists says the scheme is ‘reckless’ and… Continue reading
‘Help to Buy’ scheme has the potential to re-ignite housing market bubble, warns Fathom Consulting
The Help to Buy scheme recently introduced in the Government’s last Budget could create a dangerous new housing bubble, inflating prices ‘almost 20 per cent within the next two to three years’, a leading economic think-tank warned.
The scheme essentially extends an existing equity loan scheme to help people buy a new-build home with a deposit as low as 5 per cent. But a report by Fathom Consulting – run by former Bank of England economists – called it ‘reckless’, and said it could push average house prices as high as £300,000 by 2016.
Dire warning: ‘Had we been… Continue reading 
