Roubini warns of double-dip recession: report

Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a "big risk" of a double-dip recession, according to an opinion piece posted

World stocks power to 10-month high

World stocks powered to a 10-month high on Monday and oil rallied after last week's upbeat U.S. housing data and optimistic comments from the world's key central bankers prompted investors to buy

European stocks higher; banks, commods gain

European shares were higher in early trade on Monday, rising for the a consecutive session, with banks and commodity stocks gaining as investors become more confident about the prospects of a global

Cyprus tourism arrivals drop 11.2% in July

Tourism arrivals fell for the eighth consecutive month in July, as arrivals of tourists fell by 11.2% over the year earlier to reach 304,126, compared with 342,554 in July 2008. The largest

Fast Forward at “Cyprus Gourmet”

. Fast Forward at “Cyprus Gourmet” Welcome Matthew! COMMENT Matthew Stowell has joined Cyprus Gourmet as Associate Publisher and will work with us to develop a wide range of features, profiles and

Bank of Cyprus closing UK branches

 — Clients to be serviced by Lloyds TSB — Bank of Cyprus is winding down its retail operations in the UK, having already reduced the number of its traditional branches from eight