Samsung Electronics posted its first ever quarterly loss as its memory chip and display units buckled under the weight of diving prices, and the technology giant faces even more pain as global
Asian stocks fell 2 percent to a 1-1/2-month low on Friday, weighed by poor corporate results in the technology sector, while the U.S. dollar drifted higher as investors sought refuge from the
President Barack Obama's $825 billion stimulus plan and his pick for Treasury chief cleared key hurdles in Congress, a step forward in efforts to contain the global economic crisis that is battering
Britain threw a financial lifeline on Thursday to a United Nations mine clearing programme in divided Cyprus at risk of closure from a lack of funds. The 50,000 euro ($64,880) donation from
President of the Republic Demetris Christofias expressed appreciation on Thursday for the stance the Russian Federation has been maintaining on the Cyprus problem, and assured that he would strive ''to further develop
Cypriot Minister of Foreign Affairs Marcos Kyprianou wrapped up a series of visits to South American countries with an official visit to Brazil, where he held talks with his Brazilian counterpart Celso
The European Investment Bank (EIB) will finance Cyprus with up to 300 million euro for infrastructure projects, the use of renewable sources and for supporting small and medium-sized enterprises, through Cypriot commercial
The EU has made substantial progress in its innovation performance preceding the financial crisis, as it has been shown in the 2008 European Innovation Scoreboard (EIS) that was published on Thursday. According
The world economic crisis is the main issue concerning Greek Cypriots and Turkish Cypriots on the island, according to the Eurobarometer, which was released on Thursday. According to the report for the
The European Commission presented on Wednesday a comprehensive ten year strategy plan to promote safe, secure, clean and efficient shipping. The long-term competitiveness of European shipping and related maritime industries in world
