Europe

The economy of Cyprus in recent years has largely depended on tourism and financial services. The fundamentals of these industries are still sound despite the well documented financial and banking crisis that affected the island in 2012 and Cyprus is now making every effort to restore its economic stability.

Discipline is a great virtue in the challenging price environment the gold mining industry finds itself in today: the players who can keep operating through the lean times will be the ones best place to take advantage of anticipated price rises. But though these struggled upward to the tune of some $60 over the course of January – and western economies are showing signs of growth allied to greater confidence – prospects for 2014 remain uncertain. Investors know that, and they continue to set a premium on discipline.

When asked to explain just how important North Sea oil and gas remains, it doesn’t take Malcolm Webb, chief executive of Oil & Gas UK, very long to respond with what I think you will agree is a pretty conclusive response. “Today the UK is reliant on oil and gas for approximately 73 percent of its primary energy supply.”

Total SA of France has become the first oil major to back shale gas exploration in Britain by announcing that it will commit £30 million to advance drilling projects in Lincolnshire. Total will pay $1.6 million in back costs and fund a work programme of up to $46.5 million, with a $19.5 million minimum commitment.

The Alps are Europe’s great natural boundary, cutting Italy off from the rest of the continent. Getting from one side to the other whether for purposes of travel, war or trade has been a headache ever since ‘the iceman’ Ötzi lost his life 5,000 years ago on the Fineilspitze, not 20 miles to the east of the Brenner pass.

The agreement ends long negotiations with the current owners, Veba, the healthcare trust affiliated to the United Auto Workers' union (UAW). The deal will see Chrysler and Fiat pay the trust an initial $3.65 billion. Once the deal is signed off, Chrysler will then pay Fiat another $700 million.

In 2006 when he seriously started to sell his conviction that Greenland would be the next game-changer in the global supply chain for minerals, Rod McIllree found that the investment community in his native Australia shared neither his enthusiasm nor his outlook. In Australia not many people had heard of the Ilimaussaq Complex right at the southern tip of Greenland, which had been investigated by geologists from Greenland’s ‘mother country’ Denmark for decades and had been found to be rich in uranium.

The world’s second most used metal after steel, aluminium is blessed with a host of positive characteristics that have made its use invaluable to the modern world. The most common metal found in the earth’s crust, it possesses a remarkably low weight-to-strength ratio, high resistance to corrosion, is easy to shape and is 100 percent recyclable.

The deal, estimated to have cost Intel around $25 million, will see the chipmaker’s logo appear on the inside of players’ shirts. This means that the Intel logo will be on display when players lift their shirts in celebration of scoring a goal. The partnership will also see Intel providing technology to the clubs players and its coaching staff.

In more than two decades since the first wind farm project was realised in 1992 at Bellacorrick, County Mayo, wind energy’s contribution to Ireland’s electricity supply has steadily risen to the point where it had installed 1.7GW of capacity by the end of 2012.

With the country now tasked with achieving its national targets for renewable energy by 2020, which calls for 40 percent of its electricity to come from renewable sources, an estimated 5,500 to 6,000MW of wind generation is required.