Omirou: Rating agencies create more problems

President of the House of Representatives Yiannakis Omirou said Tuesday that the serious economic problems faced by the countries in the eurozone are worsened by the announcements of the international rating agencies.

European auto sales decline accelerates

The decline in Europe's car market accelerated in December, led by a slump at regional No.2 automaker PSA Peugeot Citroen, as increasingly worried consumers held back from major purchases, industry figures showed

Airbus claims victory in 2011 order race

Airbus outsold Boeing almost two-to-one in 2011 after gambling on a revamped fuel-efficient jetliner and delivered more jets than its rival for the ninth year running, while admitting it may struggle to