U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday fiscal stimulus alone would not be enough to promote a lasting U.S. economic recovery and that further steps to backstop banks may be
The U.S. trade deficit shrank 28.7 percent in November, the biggest contraction in 12 years, as weak consumer demand and plummeting oil prices caused a record drop in imports, a U.S. Commerce
Hermes Airports Ltd announced a new record for passenger traffic at both Cyprus International Airports. According to the latest findings, throughout 2008 over 7,238,000 passengers passed through the country’s International Airports, which
Fears of steep losses at U.S. bank Citigroup and Asian industry giants such as Sony pummelled shares on Tuesday and bolstered government debt. The euro slid to a one-month low against the
Britain's goods trade deficit with the rest of the world widened to a record level in November, official data showed on Tuesday, suggesting weaker sterling failed to boost exports as policymakers had
Germany's second stimulus package, which the government says is worth 50 billion euros ($67.02 billion), includes a mixture of investments, tax relief and support for companies, the agreement shows. Eight months before
Japan's Sony Corp will likely suffer an annual operating loss of about $1.1 billion, its first such loss in 14 years, due to sluggish sales and a stronger yen, a person with
Microsoft Corp launched downloads of the public test version of its new version of Windows on Saturday, after a one-day delay due to overwhelming demand. The "beta" launch of the highly anticipated
Britain's economy went into steep decline at the end of last year when consumers tightened their belts, businesses slashed jobs and the housing market ground to a virtual standstill, a trio of
U.S. President-elect Barack Obama sought the remaining $350 billion of federal financial bailout funds from Congress, pledging a major overhaul that would distribute the money more widely and impose tougher restrictions on
