The Statistical Service revised down its estimate for real GDP growth, showing that real GDP declined over the year earlier by 1.6% in the first quarter, compared with an initial “flash” estimate
Greece's economy shrank further in the first three months of 2012, shrivelling at a yearly rate of 6.5 percent against a backdrop of painful wage cuts, tax hikes and record unemployment. The
Spain is expected to ask Europe for help at the weekend with recapitalising its stricken banks, EU and German sources said on Friday, becoming the fourth country to seek assistance since the
Fresh fears over the global economy could unravel the benefit of cheaper oil prices and keep a lid on financial forecasts for the airline industry when its chiefs gather in China this
Germany's players will need steel helmets for protection when Portugal's Cristiano Ronaldo lines up to take free kicks in their Euro 2012 Group B match in Lviv on Saturday, Germany assistant coach
Spain is expected to make a request over the weekend for a financial package to prop up its troubled banks, two senior EU officials and one German source said on Friday. The
Thirteen years after abandoning rural Greece for a career in graphic design, Spiridoula Lakka finds herself in the last place she expected to end up – watering a patch of lettuce and
European shares, the euro and oil fell on Friday as hopes for a fresh round of global monetary policy easing dimmed and investors' focus swung back to Spain's banking crisis and the
British retailer Marks & Spencer Plc said on Friday it planned to launch an in-store banking service next month, backed by Europe's biggest bank, HSBC, providing a fresh competitor for the country's
Patriarch Kirill Gundyaev of Moscow and all the Russians arrives in Cyprus today at the invitation of the primate of the Church of Cyprus Archbishop Chrysostomos. He will be accompanied by clerics
