The consumer price inflation rate eased to 1.6% in May from 2.4% in April, largely thanks to a fall in food price relative to the previous year. Compared with the previous month,
Credit card spending by locals rose in May according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 1% over the year earlier to
Turkish Cypriots spent EUR 6.6 mln using credit and debit cards in the southern part of Cyprus during the first five months of the year, according to data from the credit card
The global airline industry lashed out at the German government's plans to impose an air travel tax at a time when Europe's aviation industry is struggling to post a profit amid a
European Union finance ministers tried to broaden efforts to contain the region's debt crisis on Tuesday and Spanish public sector workers protested over government cutbacks. Spanish unions said about 75 percent of
Renewed worries about European sovereign debt, this time Britain's, knocked equities back on Tuesday and ate into early euro gains against the dollar. Wall Street looked set for some gains at
Financial markets stuck to their recent script on Tuesday, following a day of volatility with modest equities gains and a small lift for the euro. Comments by Federal Reserve Chairman Ben Bernanke
Britain's leading shares fell on Tuesday, as BP led energy shares lower to outweigh gains in miners, while banks were mixed as policymakers attempted to sooth fears over Europe's debt crisis. By
The euro edged up but was still near four-year lows against the dollar on Tuesday as a short squeeze showed signs of waning and funds were expected to resume selling on persistent
Countries setting up an emergency loan company for the euro zone will each guarantee 120 percent of their share of the loans to secure the highest rating for the debt, euro zone
