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UK employer group seeks leeway on pension deficits

The UK's leading business lobby group wants employers to be given more time to clear ballooning pension fund deficits and the government to underwrite the agency that takes over schemes when companies

26th May 2009
Business

Worry, but no panic as Japanese brace for GM’s fate

By Chang-Ran Kim As General Motors Corp creeps towards bankruptcy, Japanese auto executives have grown less worried about the turmoil in the supply chain and dealer channels the demise of the No.

26th May 2009
Comment

BoE’s Sentance says too soon to spot green shoots

 It is too early to spot green shoots of economic recovery, Bank of England Monetary Policy Committee member Andrew Sentance said in remarks reported by Channel 4 News. "We have to get

26th May 2009
Business

Oils, political risk depress European shares

European shares fell in early trade on Tuesday as political risk reared its head with a reported missile launch by North Korea, further dampening a rally that has added a third to

26th May 2009
Business

Former Cyprus President Clerides in stable condition

Former President of the Republic Glafcos Clerides underwent angioplasty on Monday to open a small artery and is said to be in a stable condition. According to his doctor, Iosif Kasios, Clerides

26th May 2009
Cyprus

Bakoyiannis expresses Greek support for a Cyprus solution

Greek Foreign Minister Dora Bakoyioannis has expressed support for efforts by Nicosia to solve the Cyprus issue, sending at the same time a clear message to Turkey that if it wishes to

26th May 2009
Cyprus

Cyprus and Holland cooperate on illegal migration and asylum

Τhe State Secretary for Justice of the Netherlands, Nebahat Albayrak, expressed today her readiness to help Cyprus deal with illegal immigration and political asylum issues. After a meeting with Minister of Interior,

26th May 2009
Cyprus

Bulgarian DSK Bank rating affected by parent’s downgrade

Moody's Investors Service has placed on review for possible downgrade ratings of two Bulgarian financial institutions: DSK Bank AD and First Investment Bank Ltd. This action reflects a review of stresses arising

26th May 2009
Business

Nokia starts roll-out of Apple App Store rival

Nokia started on Monday the roll-out of its much-anticipated online content store, aiming to follow the success of Apple's App Store. Nokia said it had started moving Ovi Store to production servers

25th May 2009
Business

Oil falls towards $61; OPEC cut unlikely

Oil prices fell towards $61 a barrel on Monday ahead of OPEC's meeting in Vienna, where the group was widely expected to agree not to cut oil output further. News that Nigerian

25th May 2009
Cyprus
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Retail, construction boost econ sentiment in June

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