The decline of retail sales moderated in August, with retail sales volumes dropping by 2.5% over the year earlier, according to preliminary data, having dropped by 6.2% in July. Electrical goods and
The car sale slump showed no sign of abating in September as registrations of motor vehicles fell over the year earlier by 34.6% to 1,761, compared with 2,692 in September 2011. For
Outbound travel continue to rise in September despite the weak economy. According to the Passengers’ Survey the number of residents of Cyprus returning from a trip abroad in September rose over the
Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors. Proposed legislation listed on parliament's website would grant permanent residency and ultimately Hungarian citizenship
French Finance Minister Pierre Moscovici urged the euro zone on Tuesday to take a first step to mutualise its short-term debt, stopping short of jointly-issued "Eurobonds" which he recognised German Chancellor Angela
UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to
Top soccer-boot maker Adidas probably shouldn't be worrying about losing its star sponsored player, Lionel Messi, just yet but a rare venture that marries South Korean money with North Korean labour in
The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest
Sandy, one of the biggest storms ever to hit the United States, battered the nation's eastern seaboard on Tuesday, swamping New York City streets with record levels of floodwater, blacking out power
Apple CEO Tim Cook on Monday pushed out the powerful head of the company's mobile software products group, sources said, in a major management shake-up that also claimed the recently hired chief
