Russia has turned down a request to grant a 5 bln euro bailout loan to the Cyprus government, the fourth eurozone member to seek financial rescue, because the risks are too great
Archbishop Chrysostomos II said that Cypriots are hardworking people and due to their diligence and right planning will be able to come out of the current economic crisis. Speaking at the inauguration
Efforts to prevent the U.S. economy from going over a "fiscal cliff" stirred back to life on Wednesday with less than a week to go before potentially disastrous tax hikes and spending
Former President George H.W. Bush is in the intensive care unit of a Houston hospital and is in "guarded condition," family spokesman Jim McGrath said Wednesday. "The president is alert and conversing
A powerful winter storm forced the cancellation of about 200 U.S. flights on Thursday, snarling holiday travel as heavy snow and high winds pummeled the northeastern United States. The National Weather Service
Asian shares rose on Thursday amid caution as U.S. lawmakers prepared to resume negotiations to avoid a fiscal crunch by Dec. 31, while the yen hit a 21-month low against the dollar
The yen fell to a two-year low against the dollar on Wednesday as Japan's new prime minister called for weakening the currency to stimulate inflation, while U.S. stocks slipped, led by declines
**Another bad year for car sales** Retail sales in Cyprus fell by a provisional 3.9% over the year earlier in October, although this was less steep than the fall of 6.4% recorded
The unemployment rate according to the quarterly labour force survey climbed to 12.1% in the third quarter of 2012, while the total recorded breached 50,000. Total employment amounted to 389.0 thousand (males
Industrial turnover in September dropped by 5.7% over the same month of the previous year to 127.5 (base 2005=100). The manufacturing subindex fell by 11.2% in the same period. For the period
