The Cyprus government has appointed two more board members to the recently rescued Popular Bank, raising the number of new directors to seven after injecting 1.79 bln euros and taking an 84%
French automaker PSA Peugeot Citroen (PEUP.PA) announced 8,000 job cuts and the closure of an assembly plant as it struggles with mounting losses at the core automotive division. The Aulnay plant near
The two largest Cypriot banks, Bank of Cyprus and Cyprus Popular Bank, may need additional capital to reach the 9% Core Tier 1 Capital ratio, the European Banking Authority (EBA) has said.
Cyprus has the second highest proportion of foreign citizens among the EU27 member states, reaching 20%, according to Eurostat, the statistical office of the European Union. Eurostat says that non EU citizens
Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts on Wednesday designed to slash 65 billion euros from the budget deficit by 2014 as recession-plagued Spain struggles to
European shares fell on Wednesday after profit warnings from U.S. companies compounded fears the sluggish global economy will erode earnings, while scepticism over the euro zone's ability to tackle its debt crisis
Culls of hundreds of thousands of chickens, turkeys and ducks to stem bird flu outbreaks rarely make international headlines these days, but they are a worryingly common event as the deadly virus
Vienna prosecutors have ruled out foul play in the death of Libya's Gaddafi-era prime minister and oil chief Shokri Ghanem, concluding he drowned after suffering a heart attack, Austrian media reported on
Cyprus has drawn up plans to take in up to 200,000 refugees from the fighting in Syria, where the crackdown by government troops against opposition forces has intensified in recent weeks. While
The first EU Economy and Finance Ministers Council under the Cyprus EU Presidency took place yesterday in Brussels. Ministers exchanged views and adopted a general position on the issue of the "two pack",
