The decline in retail sales deepened in April, according to preliminary figures, with the volume of retail sales dropping by 5.9% in May compared with the year earlier, having dropped by 3.3%
**Building permits still in decline** The index for production in construction fell by 16.5% compared with the same period of the previous year in the first quarter of 2012, recording its 14th
The EU-harmonised consumer price inflation rate (HICP) dropped to 2.9% in June, from 3.7% in May, thanks in large part to a fall in the prices of food and non-alcoholic beverages. Similarly,
Unemployment dropped on a seasonally adjusted basis for the first time in 11 months in June, dropping to 35,669 persons compared with 36,001 in the previous month. Seasonally adjusted unemployment has risen
Andreas Eliades, the chief executive of the biggest bank in Cyprus has resigned after eight years at the helm, citing a broad lack of consistency in dealing with the banking crisis that
The Russian government accused local authorities on Monday of mishandling floods that killed 171 people near the Black Sea, hoping to deflect public anger over the high death toll and devastation from
Intel Corp will spend more than $4 billion to buy up to 15% of ASML and bankroll the Dutch company's research into costly next-generation chipmaking technology, a major vote of confidence in
Norway's government ordered on Monday a last-minute settlement in a dispute between striking oil workers and employers in a move to alleviate market fears over a full closure of its oil industry
Bellwether British retailer Marks & Spencer posted its worst underlying quarterly sales performance for three and a half years after the wettest April and June since records began hammered trade in womenswear.
Asian shares fell on Tuesday after Chinese import growth slowed sharply in June, underscoring weakness in domestic demand in the world's second-largest economy and adding to concerns about deteriorating global economic conditions.
