Congressional negotiators have reached a deal on controversial "Buy American" provisions of a huge economic stimulus bill that address concerns of some U.S. trade partners, a senior Democratic lawmaker said on Wednesday.
The worst of the global financial crisis may be yet to come, and the European Central Bank could cut interest rates next month, ECB Governing Council member Erkki Liikanen was quoted as
The U.S. Congress is poised to pass as early as Thursday a $789 billion package of tax cuts and spending programs aimed at reviving the staggering economy, a big, yet bittersweet victory
By Tabassum Zakaria President Barack Obama may think words like "catastrophe," "crisis" and "disaster" help sell his economic rescue plans, but U.S. history has shown that scare tactics can backfire. Having campaigned
The Cyprus tourism sector started the year on the doldrums, as passenger arrivals fell by 7.1% to 47,066 in January 2009 compared with 50,658 in January 2008. Arrivals from the UK fell
The Cyprus trade deficit widened to EUR 6,160.2 mln (EUR6.2 bln) in 2008, according to preliminary data for December. Total exports rose by 7.8% to EUR 1.2 bln while total imports rose
Meeting in Rome to be attended by Russia The Group of Seven countries meet in Rome on Friday, with attempts to move forward with regulatory reform agreed in Washington last November up
Germany took an indirect swipe at France on Wednesday in a row that has erupted in Europe over aid for carmakers and said it would take a stand against rising protectionism when
Farmers in seven European Union nations planted genetically modified crops commercially last year, one fewer than in 2007 after France banned cultivation of GM maize, an industry-sponsored report said on Wednesday. In
The European Union announced plans on Wednesday to hold no fewer than three economic summits to iron out national differences that threaten to hamper its efforts at tackling the recession. The move
