Sales of newly built U.S. single-family homes slowed in November to the weakest levels since 1991, according to Commerce Department data on Tuesday that offered fresh evidence of housing market distress. The
Russia, the world's top gas exporter, hosted the founding of a formal gas producers' group on Tuesday but faced criticism from OPEC for refusing to join in cutting oil output to support
Cypriot prosecutors filed charges in court on Tuesday against five people for a 2005 plane crash which killed 121 people in Greece's worst air disaster. The Helios Airways Boeing 737-300 was travelling
Britain's economy shrank by more than previously thought in the third quarter and for the first time since the early 1990s, official data showed on Tuesday, raising concerns the UK is heading
Concerns about the deteriorating global economy pushed oil below $40 a barrel on Tuesday and drove the two-year euro zone government bond yield to record lows, while European stocks rose, helped by
Oil prices slipped below $40 a barrel on Tuesday, weakened by evidence of falling oil demand as the world economy slows. Final third-quarter U.S. gross domestic product data due later on Tuesday
UK shopper numbers increased 13.6 percent on Monday compared to the same Monday in 2007 which was Christmas Eve, a survey showed on Tuesday. "Yesterday's figures signalled that shoppers were out in
Internet comedy site Funny Or Die, supported by actor Will Ferrell and seeded by Sequoia Capital, has raised $3 million in cash from a single, undisclosed investor. The financing also includes an
By Tsvetelia Ilieva Bulgaria's economy is fast losing steam, exports are shrinking and corruption is threatening the European Union aid that has underpinned growth. But the Todoroff winery has a strategy. "We
The corporation tax on Cyprus semi-governmental agencies such as Electricity Authority of Cyprus (EAC), CYTA, the telecom giant and the Cyprus Ports Authority will decline to 10% from 25% previously as part
