Greek Prime Minister George Papandreou told parliament on Friday, after a visit by EU economic inspectors, that the worst fears about Greece's economy had been confirmed. Greece is desperate to restore investor
Lloyds, Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year's takeover of rival HBOS.
Steve Jobs defended Apple Inc's decision to maintain a $40 billion cash pile and said it was better to save the money for bold risks, like acquisitions, than to spend it on
Cypriot tennis player Marcos Baghdatis has secured a place in the semi-finals of the Dubai Tennis Championships, after beating Germany’s Michael Berrer with 2-0 (7-6 6-1). On Friday at 5 o’ clock
Retail sales in Cyprus dropped in volume terms by 3.3% over the year earlier in December 2009, according to provisional figures from the Statistical Service. This was a milder drop than the
Asian stocks rose on Friday as investors tried to shake off weak economic data in the United States and Europe, but lingering caution about riskier assets supported the safe-haven yen. European shares
Marfin Popular Bank announced on Thursday net profits for 2009 amounting to 173.9 million euro, down by 56% compared to 394.6 mln in 2008. According to the Bank's preliminary financial results for
The Queen of Spain Sofia will visit Cyprus, at the initiative of Nicosia Municipality and the Pierides Foundation. She will attend the opening of the exhibition “Miro of Majocra” of the great
The government and the Cyprus Tourism Organisation will continue in 2010 their targeted and intensified efforts to promote Cyprus as an attractive tourist destination, Commerce, Industry and Tourism Minister Antonis Paschalides said
Petrol station owners terminated on Thursday their strike, reopening their stations after two days of inconvenience to the public. Their strike came after a decree issued by the Minister of Commerce, Industry
