French bank Credit Agricole pushed back profit targets for struggling Greek unit Emporiki on Tuesday and will take a 400 million euro ($536.7 million) write-down as Greece fights its debt load. Credit
British finance minister George Osborne produced the harshest budget in a generation on Tuesday, slashing spending, raising taxes and slapping a levy on banks in a drive to cut a record budget
South African President Jacob Zuma said on Tuesday he was confident the Soccer World Cup, hosted for the first time in Africa, will boost job creation and economic growth in his country.
China firmly supports measures by the euro zone and the International Monetary Fund to help Greece out of its debt crisis, Commerce Minister Chen Deming said on Tuesday. "As a member country
Construction material prices rose again in May according to the latest data from the Statistical Service. The price index of construction materials for May 2010 reached 120.83 (base year 2005=100.00) recording a
Industrial turnover leapt in March after well over a year of decline, according to the latest figures from the Statistical Service. The industrial turnover index reached 133.7 (base 2005=100), recording an increase
The number of residents of Cyprus returning from a trip abroad in May 2010 rebounded by 10.8%, having dropped by 10.7% in April no doubt largely as a result of volcanic ash
The European Commission is predicting an increase in unemployment in Cyprus during 2010, a report entitled “Monthly Labour Market Monitor June 2010” of the Employment, Social Affairs and Equal Opportunities Department of
Greece's state budget deficit shrank by 38.7 pct in the January-May period, compared with the corresponding period last year, a performance exceeding targets set by the Stability and Growth Program, official figures
Athens reckons the outlook for tourism is less gloomy than after anti-austerity riots last month and is shifting to seek visitors from China or Japan more interested in Greece's ancient culture than
