US Senator Robert Menendez (D-NJ) has raised the importance of reunifying Cyprus and the demilitarisation of the island to Secretary of State Designate Hillary Clinton during her confirmation hearing on Wednesday, before
Banks in Europe and the United States faced fresh doubts about their ability to ride out a global financial crisis which is expected to prompt a European Central Bank interest rate cut
World stocks hit a one-month low on Thursday while the yen rallied and Japanese bond futures rose to their highest since Lehman Brothers collapsed in September as concerns grew over the banking
Apple Inc chief and tech visionary Steve Jobs will take a leave of absence till end-June because of health problems "more complex" than thought, backtracking on reassurances, stunning investors and sending its
Microsoft Corp is considering significant layoffs across its various divisions, The Wall Street Journal reported on Wednesday, citing people familiar with the company's plans. But plans for the cutbacks have not yet
Bank of America, the largest U.S. bank, is close to getting billions of dollars more in federal support from taxpayers, a person familiar with the matter said on Wednesday. As Congress debated
European shares surrendered early gains and turned negative on Thursday morning, losing ground for the seventh session in a row as escalating fears over the beleaguered banking sector hit shares such as
Home Retail, Britain's top household goods retailer, posted big falls in underlying sales and profit margins at its catalogue-based Argos stores and Homebase do-it-yourself chain, hammering its shares on Thursday. The firm
The Minister of Finance Charilaos Stavrakis announced the construction and renovation of 30 elementary schools across Cyprus, which will provide some contribution to the declining local construction sector. The Minister stated that
Online spending in Britain rose 14.2 percent on the year in December, outperforming the wider retail industry but slowing from earlier in 2008 and suggesting the sector is not immune to economic
