Commissioner Olli Rehn on Monday tersely said that additional measures must be taken by the Greek government in order to meet a Stability & Growth Programme target of cutting its double-digit budget
Unemployment rate in Cyprus reached in January 6.2%, recording a slight increase compared to 6.1% in December 2009. According to data published by Eurostat, the Statistical Office of the European Union, unemployment
Minister of Commerce, Industry and Tourism Antonis Paschalides has stressed the need to improve the business environment for Small and Medium sized Enterprises (SMEs), especially as regards financing. Paschalides, who attended Monday
Two new Ministers were appointed on Monday, replacing the two Ministers who resigned after the Movement of Social Democrats EDEK withdrew from the government coalition. Erato Kozakou Marcoullis has been appointed Minister
U.S. consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery. The Commerce Department
Britain's pound took a battering on foreign exchange markets on Monday, falling more than 1 percent to 10-month lows against the dollar on worries about a coming election and its impact on
Greece needs to take further action to tackle its debt crisis and must meet its budget goals, EU Economic Affairs Commissioner Olli Rehn said on Monday. "I am asking the Greek government
Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates. Factory
HSBC Holdings missed expectations with a $7 billion annual profit after bad debts rose and risked a public backlash by paying three investment bankers over 9 million pounds ($13.7 million) each. Europe's
British consumer and mortgage lending rose faster than expected in January, though mortgage approvals dipped due to tax changes and poor weather, Bank of England figures showed on Monday. The central bank
