Standard and Poor's cut Greece's rating to B from BB- on Monday, dragging it further into junk territory over concerns that a debt restructuring is increasingly likely. One year into its EU/IMF
Italian Prime Minister Silvio Berlusconi branded magistrates "a cancer of democracy" on Monday as he attended a hearing in one of the four trials he faces. "There is something incredible about this
Apple has overtaken Google as the world's most valuable brand, ending a four-year reign by the Internet search leader, according to a new study by global brands agency Millward Brown. The iPhone
Stocks and commodities rose from last week's lows on Monday after solid U.S. payrolls data showed the economic recovery in the world's biggest economy was picking up momentum, though big gains may
President Bashar al-Assad has sent tanks deep into Syria's third city Homs, escalating a military campaign to crush a seven-week-old uprising against his autocratic rule. Syrians demanding political freedom and an
Egypt's military-led government faced a major challenge after two days of clashes between Muslims and Christians in which state media reported 12 people died and 238 were injured. Egypt's worst sectarian strife
Concern about plans for a fundamental review of the bailouts given to Europe's high debtors hit European stocks on Monday and drove up the bond yields of troubled euro zone economies. Wall
Amid the gloom of the real estate statistics a brief glimmer of hope came with the data on local credit card spending in April, which showed a rise of 16% over the
Turkish Cypriot plastic card spending in the south rose by 11.5% over the year earlier in April to reach EUR 1.49 mln, compared with EUR 1.33 mln in April 2010. For the
Building permits were down again in February, falling by 14% over the year earlier to reach 699. The total value of these permits fell by 31.7% to EUR 193.9 mln and the
