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Chancellor of the Federal Republic of Germany Dr. Angela Merkel will pay a one-day working visit to Cyprus on 11 January 2011. A spokesperson for the German Embassy in Nicosia told CNA

Chinese shares slid and European stocks followed suit on Monday as the impact of China's Christmas Day interest rate rise sunk in to thin markets. Chinese shares dropped 1.9 percent after the

Almost a quarter less shoppers turned out for Britain's traditional Boxing Day retail sales this year compared with last year, a survey by Synovate Retail Performance said on Monday. The total number

Suspected explosive packages were found at several embassies in Rome on Monday, days after parcel bombs claimed by an Italian anarchist group wounded two at the Swiss and Chilean missions. Police said

China was Grinch-like in raising interest rates on Christmas Day, but in fact investors have good reasons to be grateful. The government provided much-needed reassurance that it was determined to rein in

Hotel occupancy rates in the Athens-Attica region were absolutely disappointing in the off-season month of November compared to the same month last year. A monthly report by the Union of Athens-Attica Hoteliers

Greece's representative to the International Monetary Fund (IMF), Panagiotis Roumeliotis, on Friday was quoted as saying that the Washington D.C.-based institution has essentially approved an extension of the repayment period for Greece's

Asian shares edged up while the Australian dollar and commodities pared early losses as investors bet China's latest interest rate hike would not change the optimistic outlook for the global economy in

Call it the year of feast and famine. Many of the world's big advanced economies have pledged frugality for 2011 while fast-growing emerging markets run the risk of overheating. The global economy