Germany denies snub from UK, France on economy talks

Germany denied suggestions on Friday that Britain, France and the European Commission had snubbed Chancellor Angela Merkel by holding a high-profile meeting on the global economy next week without her...

Britain says euro not on agenda for economic talks

The leaders of Britain, France and the European Commission will not discuss British entry into the euro zone when they meet next week, a British official said on Friday. British Prime Minister Gor...

Sarkozy names minister for French economic plan

French President Nicolas Sarkozy on Friday appointed Patrick Devedjian, the outgoing head of the ruling UMP party, as minister in charge of implementing a $26 billion euro ($33 billion) stimulus plan ...

PIO publishes Turkish edition of ''Muslim Places of Worship in Cyprus''

The Cyprus Press and Information Office (PIO) has recently published the Turkish edition of the book ''Muslim Places of Worship in Cyprus'' (Kibris’taki Musluman Ibadet Yerle...

Cyprus and the UK to sign MoU on scientific research

Cyprus and the UK will sign a memorandum of understanding in the fields of scientific research and development on Monday. The memorandum will be signed at the Planning Bureau by Minister of Educat...

Seven Iraqis injured in Cyprus ceasefire line blast

Seven Iraqis were injured in an explosion, possibly from a landmine, in Cyprus on Friday while trying to cross into EU territory through a ceasefire line dividing the island, police said. The grou...

EU to stick to bank aid demands

The European Commission will defy national pressure and stick to its main demands on the conditions for state aid to the bank sector when it publishes new guidelines shortly, EU sources said. EU C...

Stocks, oil fall, yen rises after US jobs data

U.S. stock futures and oil fell on Friday and major government bonds and the yen rallied after data showed the world's biggest economy lost a bigger-than-expected 533,000 non-farm payrolls in Nov...

US job losses hit 530.000, steepest since 1974

Employers axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years, government data on Friday showed, as the recession inflicted a mounting toll on the U.S. labor market...

FTSE down as oils weigh; U.S. jobs report eyed

Britain's top share index fell 1.1 percent by midday on Friday, with oils and miners leading the fall on weakening global demand for commodities while investors focused their attention a key U.S....

Asian shares edge up; caution before US

Asian shares edged higher on Friday following record rate cuts by central banks in Europe, though plenty of caution remained, lifting the dollar ahead of what is expected to be dismal U.S. employment ...

German upper house approves economic package

Germany's upper house of parliament approved on Friday the government's planned package of measures to boost Europe's biggest economy. Approval from the Bundesrat clears the way for...

U.S. and China trade views; US job losses awaited

China and the United States sparred on Friday over how to handle an economic crisis that has forced central banks around the globe into a series of dramatic interest rate cuts. Figures due on Frid...

Morgan Stanley widens Goldman Sachs loss view

Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc, citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm'...

"Big Bang" collider repairs to cost up to $29 million

Repairing the giant particle collider built to simulate the "Big Bang" could cost up to 35 million Swiss francs ($29 million), the European Organization for Nuclear Research (CERN) said on F...