Retail trade growth slowed in August, with the biggest impact coming from the household sector, in the first signs of a slowdown in consumer spending. According to provisional figures for August from
In a surprise move that will be appreciated by the general public, Bank of Cyprus announced that it is delaying its planned hike in lending margins by 1.25% until January 1, 2009,
By Adrian Croft (Reuters) The global financial crisis has brought nationalisation, regulation and state intervention back into vogue in Europe but the turn to the left may not last long. European governments
Weak economic readings from China, Japan and Britain and a grim corporate outlook worldwide reinforced fears on Tuesday of a prolonged recession, prompting investors to look to a world leaders' summit for
Economic gloom overpowered financial markets again on Tuesday, sending stock and commodity prices sharply lower as ebullience about China's $600 billion stimulus plan fizzled out. Wall Street looked set for losses at
Swiss luxury watchmaker Romain Jerome has seen sales of watches costing more than 150,000 Swiss francs ($127,400) slow as the financial crisis has forced some customers to cancel their orders, the group's
Japanese office worker Satoshi Tada pays for shopping, wins free food and gets store discounts all by waving his cellphone. "I use it pretty much every day," the 25-year-old said. "You can
Turkey's defence minister said on Tuesday he was misunderstood when he apparently praised the deportation of Greeks and Armenians after the fall of the Ottoman Empire as an important step in creating
The Republic of Cyprus and the State of Qatar signed here Tuesday seven bilateral agreements to enhance cooperation between the two countries. The bilateral agreements were signed after talks at the Presidential
Economic gloom overpowered financial markets again on Tuesday, sending stock and commodity prices lower as ebullience about China's $600 billion stimulus plan fizzled out. Bad news from corporate America — General Motors
