British public sector net borrowing unexpectedly surged in November to its highest on record, due to higher health, defence and EU spending, official data showed on Tuesday. The Office for National Statistics
Moody's Investor Service warned on Tuesday it may downgrade Portugal's A1 rating by one or two notches after a review, citing weak growth prospects and high borrowing costs. Lisbon has moved into
Snow and freezing temperatures grounded flights across northern Europe on Tuesday, while retailers fretted they would struggle to make up sales lost due to bad weather with just four shopping days to
The European Commission has published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions. According to a press release, issued
More residents of Cyprus traveled abroad in November this year, compared to last year’s figures. According to data from the Statistical Service of Cyprus, 73.541 residents of Cyprus returned from a trip
Government Spokesman Stepahnos Stephanou said that the Board of Directors of Cyprus Airways is working on a plan to restructure the company. The government expects to be informed about the plan and
China said on Tuesday it hopes the European Union (EU) will end investigations into a complaint that it is dumping wireless modems into EU markets. Chinese and European companies had reached a
The euro bounced back on Tuesday from a day-earlier selloff over euro debt woes following words of support from China, while stocks were firm across Asia as investors picked up end-of-year bargains.
U.S. bank JPMorgan has bought two major office properties in London, including the former Lehman Brothers building, holding off on plans to build a skyscraper as its main European headquarters. JPMorgan bought
World stocks pared gains to trade slightly lower on Monday while the euro fell broadly on concerns over the euro zone debt crisis. Government bond prices on both sides of the Atlantic
