The Cyprus Tourism Organisation and the Cyprus Hoteliers’ Association are making every effort to limit any negative fallout on the island’s main industry, tourism, which has been affected by the world financial
British manufacturers' orders fell at their sharpest pace since July 1992 in January despite sterling's weakness as the global economic slowdown is taking a heavy toll on demand, a survey showed on
World stocks rose from this week's 7-week low on Thursday as banking shares recovered after a heavy sell-off, while European government bonds tumbled on concerns the countries may borrow more to boost
Nokia is looking to challenge Blackberry-maker Research in Motion's (RIM) dominance in mobile email as corporates cut spending amid economic slowdown and the market focus shifts toward retail consumers. RIM created the
Bank of Cyprus said it is surprised for the inaccuracies and the arbitrary way with which the various assumptions and admissions regarding the results and the prospects of the Group were made
Turkey must not link the channeling of natural gas with political issues, Czech Foreign Minister Karel Schwarzenberg has said, responding to a question by Cypriot member of the European Parliament Kyriakos Triantaphyllides
Finance Minister Charilaos Stavrakis has reiterated he remains cautiously optimistic that growth rate will reach 2% during 2009. Stavrakis was speaking on Wednesday after a meeting with former Finance Ministers of the
Asia stocks clung to small gains on Thursday, with investors reassured after bank shares fuelled a Wall Street rally, but with global economic gloom still pervasive, safe-haven trades such as the yen
China's economic growth slumped to 6.8 percent last quarter, dragging down the pace of expansion for all of 2008 to a seven-year low of 9.0 percent as the full force of the
Sony Corp warned it would post a bigger-than-expected $2.9 billion operating loss this business year due to sliding demand, a stronger yen and costs to restructure its ailing electronics operations. The maker
