German Chancellor Angela Merkel said today in Nicosia that it is important to solve the Cyprus problem in order to overcome problems like Turkey’s accession negotiations, or EU-NATO relations. Merkel was speaking
Inflation accelerated in December according to the EU-harmonised consumer price index (HICP), with prices rising over the year earlier by 1.9%, compared with 1.7% in November. However, this was lower than the
The trade deficit widened in January-November to EUR 4.81 bln, from EUR 4.22 bln in the same period of 2009, according to provisional figures for November. Total exports in January-November reached a
Credit card spending by locals accelerated in December according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 7% over the year earlier to
Surging global food prices are an extra headache for emerging markets battling inflationary pressures, but they are unlikely to trigger a radical response by economic policymakers. Call them complacent, but economists do
The head of Britain's largest trade union said on Tuesday that he did not expect British Airways <BAY.L> cabin crew to take strike action during the week of the Royal Wedding at
More than a year after Europe's debt crisis erupted, the region has a chance to halt the spread of the instability — but only if governments take more radical action to protect
France is not accusing any country of involvement in an industrial espionage case at carmaker Renault, government spokesman Francois Baroin said on Tuesday. "There is no official accusation by France and the
Japan pledged on Tuesday to buy euro zone bonds this month in a show of support for Europe's struggle with a seething debt crisis as Portugal wrestled to fend off market and
The euro languished near a four-month low on Tuesday after a brief rally triggered by a Japanese plan to buy euro bonds, while Asian stocks drifted, fearful of Portugal becoming the next
