Registrations of motor vehicles dropped sharply for a third month in a row in March, falling by 21.6% over the year earlier to 4,522. For the whole of the first quarter, total
The nominally communist AKEL government of Cyprus managed to spend all of the huge surplus it inherited in less 12 months, according to the latest figures for the general government accounts. The
The euro fell against the dollar and the yen on Monday on uncertainties over the next policy steps the European Central Bank will take to stimulate the economy. ECB President Jean-Claude Trichet
Top policymakers are striving to temper optimism the global economy has turned a corner, which has propelled world stocks on a six-week climb. Trillions of dollars committed to stimulus packages are starting
Britain has been through the worst of the recession and will return to modest growth in the second half of 2010, an influential business group said in its latest economic forecast on
It was "crass nonsense" to believe the economic crisis was impossible to predict, Bank of England policymaker David Blanchflower said in an interview on Monday. The arch dove considered resigning over what
Obama administration officials have determined they can avoid asking Congress for more bank bailout funds by converting existing loans to the largest U.S. banks into common stock, The New York Times reported
Trillions of dollars committed to stimulus packages are starting to work, but governments may have to do more to pull the world economy out of its worst recession in eight decades, the
Somali pirates have released a Togo-flagged cargo ship seized last week, a U.N. aid agency said on Monday, and pirate sources said a ransom was paid. Sea gangs have continued to hijack
World stocks steadied on Monday, holding off last week's three-month high, while government bonds rose as investors grew cautious before a series of first-quarter company results due this week. Key firms reporting
