Increasingly dire growth outlooks for central and eastern Europe are actually still too rosy, and the region will not only probably face a recession this year but take years to return to
The pace of contraction in Britain's giant services sector eased last month but soaring job losses and crumbling consumer confidence kept intact expectations of another interest rate cut this week. The Bank
Ex-communist eastern Europe's currencies crumbled, Romania cut interest rates and a ratings agency warned of risks facing Hungary on Wednesday as the impact of global recession intensified across the once-booming region. Poland,
Cyprus will let the United Nations decide whether a ship with a suspect cargo on board infringes resolutions on Iran banning weapon exports, officials said on Wednesday. The Cyprus-flagged Monchegorsk has been
Speaker of the Chamber of Deputies of the Parliament of the Czech Republic Miroslav Vlcek expressed here Wednesday the belief that the position of the EU Czech Presidency will not be in
Cypriot children with heart problems have from now on the opportunity to be operated in Cyprus. The first three heart surgeries were performed recently on Cypriot children at the Makarios Hospital in
World stocks put in modest to strong gains on Wednesday with emerging markets leading the field as investors showed tentative confidence that the global economy will begin to improve. Wall Street looked
European shares were up by midday on Wednesday, led by the banking sector as Deutsche Bank rose on hopes it will issue a strong outlook on Thursday and commodities tracked crude and
World stocks put in modest to strong gains on Wednesday with emerging markets leading the field as investors showed tentative confidence that the global economy will begin to improve. The dollar was
The online networking site MySpace has identified and barred some 90,000 registered sex offenders from using the site over the last two years, MySpace revealed to an investigative task force on Tuesday.
