The Bank of England could deliver its biggest interest rate cut in 15 years on Thursday as fears grow the Britain could be in for a long and painful recession. Faced with
Sebastian Straten is going against the flow. As some Western corporations pack up and mothball projects in Iran under pressure of sanctions, the entrepreneurial Dutchman is preparing for the day when tourists
Asian stocks slumped 7 percent and commmodity-related currencies tumbled on Thursday as more evidence that the U.S. economy is shrinking made investors brace for a potentially deep and prolonged global recession. Major
U.S. President George W. Bush will urge Group of 20 leaders at a Nov. 15 summit on the global economic crisis not to use it as an excuse for erecting trade barriers
Piraeus Bank, Greece's fourth-largest lender, has agreed to buy 31.3 percent of small rival Proton Bank via a share swap from Proton's major shareholders at a share swap ratio of one of
Turkey will face a balance of payments problem next year that could snuff out growth if the government does not overcome its reticence to join the queue of emerging countries seeking International
By Jeff Mason (Reuters) Republican John McCain lost Tuesday's presidential election because he could not overcome a hostile economic environment, distance himself from an unpopular president or convince voters he could lead
The Vatican returned a small fragment of the Parthenon Marbles to Greece on Wednesday on a one-year loan, fuelling calls for the British Museum to hand back its own priceless sculptures from
The Cyprus government congratulated today Barack Obama, President-elect of the United States of America, expressing hope that he will honour the declarations he has made on Cyprus during the presidential campaign. In
The EU expects that Turkey will contribute to a favourable climate to achieve a comprehensive settlement on the reunification of Cyprus, Enlargement Commissioner Olli Rehn has said, adding that the EU can
