Despite soaring unemployment the average earnings of the average Cypriot employee rose by 2.5% over the same period of the previous year in the first quarter of 2012 according to the preliminary
**But prices still up** Industrial production continued its decline in April, falling by 9.8% compared with April 2011. Within the overall industrial sector, manufacturing dropped by 8.7%. In January – April 2012
Economists cut their forecasts for economic growth in Brazil this year for the eighth straight week, to 2.05 percent from 2.18 percent, a central bank survey showed on Monday. The outlook for
Moscow city authorities increased parking fines by tenfold on Sunday to try to unclog the Russian capital's roads and pavements, to the bemusement and anger of many residents. Anarchy has ruled for
Apple Inc has paid $60 million to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world's most valuable technology company engaged in a protracted
Mexico's old rulers claimed victory in a presidential election on Sunday, ending 12 years in opposition after a campaign dominated by a sputtering economy and rampant drug violence. After pledging to restore
The euro dipped and German bond prices rose on Monday as the euphoria over the latest measures to ease Europe's debt crisis ebbed and tepid manufacturing data from Asia raised concerns about
Majestic Spain took their place among the game's greats by thrashing Italy 4-0 to retain their European title on Sunday, the biggest victory margin in a World Cup or Euro final –
At first glance, the big winners from Europe's latest euro-saving summit were the leaders of Italy, Spain and France. By banding together in a powerful coalition to challenge Germany, the high-stakes meeting
Greece should focus on getting its reform programme back on track rather than losing time by trying to renegotiate its international bailout terms, European Central Bank policymaker Joerg Asmussen said in a
