The Cyprus Crisis Management Committee on Tourism has decided to submit to the Ministry of Commerce, Industry and Tourism a number of measures to boost Cyprus’ tourism industry, amidst the world financial
To avoid the most catastrophic effects of climate change, world carbon emissions will have to drop to near zero by 2050 and "go negative" after that, the Worldwatch Institute reported on Tuesday.
By David Jones and Deena Beasley It's a trend pre-dating the global slowdown: big hotel chains are moving into the quirky boutique sector to tap into a niche of profitable growth. What's
Citigroup Inc, struggling to contain losses, is separating assets into a "good bank" and a "bad bank," a person close to the matter said. The bad bank assets would stay on Citigroup's
U.S. President-elect Barack Obama promised on Tuesday stricter control over a financial rescue package, winning over some skeptical lawmakers who had threatened to block release of $350 billion that regulators said the
Chinese food and drug makers struggling in a declining economy could be tempted to cut corners and ignore quality standards, a senior Chinese official warned as the country awaits court verdicts in
Asian shares recovered on Wednesday from a steep five-day sell-off and oil rose on expectations for production cuts, though the mood remained cautious given nagging worries about the economy and earnings. Some
U.S. Federal Reserve Chairman Ben Bernanke warned fiscal stimulus alone would not overcome the global economic crisis as President-elect Barack Obama pledged more control over a remaining $350 billion in bailout funds.
President-elect Barack Obama's incoming budget director warned on Tuesday that even after the U.S. economy recovers, the budget gap will still be around 5 percent of gross domestic product for up to
Britain on Wednesday will launch measures to ease the flow of credit to small and medium-sized businesses in the economic downturn, the business ministry said on Tuesday. The package could guarantee loans
