. Reading a Reuters report on the problems facing Italy and its embattled leader, I see many similarities in the problems facing both Cyprus and Italy. After many months of indecision, both
. The August business confidence index as compiled by the University of Cyprus saw its sixth successive retreat, due mainly to the Vassiliko explosion and the inability of the government to properly
A rebound in Asian stocks ran out of steam on Thursday, as worries over the widening impact of the euro zone crisis and the faltering U.S. economy gnawed at investor confidence. The
The Cyprus government is discussing with the local Central Bank the possibility of asking the European Central Bank to buy back government bonds, its finance minister said on Wednesday, in a bid
World stocks steadied above a two-week low on Wednesday and the euro rebounded after some more positive data from the United States and Australia helped calm frayed market nerves. The Swiss franc,
The euro zone's most indebted nations were scrambling on Wednesday to convince investors and the rest of Europe of their commitment to tackle their debt problems, even as the bloc's main paymaster
Tourists flock to Times Square for the bright lights and Broadway shows. There they find another spectacle: helmeted police with machine guns patrolling the subway station on the lookout for would-be bombers
President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on
The leader of Germany's Christian Social Union, one of three parties in Chancellor Angela Merkel's centre-right ruling coalition, was quoted on Wednesday as saying he could not rule out Greece leaving the
Revenue from tourism increased by 142 million EUR during the period from January to July 2011, according to Statistical Service data released on Tuesday. Presenting the figures at a press conference, Chairman
