Japan's policies for tackling its economic woes amount to a band-aid, the main opposition party's policy chief said on Wednesday, arguing reallocating public resources could revive the economy without costing more. With
American International Group, once the world's largest insurer, owes around $10 billion to other financial services firms for trades that have gone sour, the Wall Street Journal reported in its online edition
Greece’s Panathinaikos FC has brought an end to Anorthosis Famagusta FC's remarkable European campaign, clinching a place in the UEFA Champions League knockout stage for the first time in seven years. A
Cyprus Airways flights to Greek destinations have been cancelled due to the 24 hour general strike across Greece on Wednesday. Spokesman for the national carrier, Kyriakos Kyriakou told CNA today that extra
Cyprus' bid to be established as a financial services centre has gained a new momentum after the signing of a Memorandum of Understanding (ΜοU) between the Cyprus Securities and Exchange Commission (CySec)
President of the Republic of Cyprus, Demetris Christofias, departs today for Brussels to participate in the European Council. The EU -27 heads of state and government will mainly discuss the world financial
Greece's two largest union federations held a nationwide general strike on Wednesday in protest at the conservative government's policies, as anger at economic hardships fuelled the worst riots in decades. Here is
Hopes that governments worldwide will help out ailing industries and implement stimulus measures to fight against a deepening economic crisis lifted global stocks on Wednesday although Europe was weak. European shares were
Prime Minister Yulia Tymoshenko on Wednesday pronounced Ukraine's political crisis over and vowed to bring in "new people" to a strengthened government team to tackle the effects of the world financial crisis
European shares fell early on Wednesday after two days of gains, led lower by banks and oils and tracking U.S. markets hit by company profit warnings, though Rio Tinto jumped on its
