Eurogroup Chairman Jean-Claude Juncker said on Tuesday the financial crisis was not yet over despite stock price jumps in the last two days as governments moved to bail out the stricken financial
By Myles Neligan and Steve Slater (Reuters) The UK government's bank bailout scheme seems to have triggered a palpable change in financial market sentiment but it leaves the UK taxpayer massively exposed
Greece's Olympic Airlines workers blocked Athens airport's runways on Tuesday, causing flight diversions and short delays, in a protest against the state carrier's planned privatisation, unionists said. Olympic Airlines unions oppose the
The European Commission is re-launching the works tender for the replacement of 83 kms water pipes and 3800 domestic water meters in the northern part of Nicosia. This is the first work
Gloom in the British housing market, where data showed confidence at a record low on Tuesday, is not expected to lift in the short term, as it will take time for the
By Krisztina Than (Reuters) Hungary has lined up potential IMF help because its large external debt makes it highly vulnerable to global market shocks, but its problems are not comparable to Iceland
Iceland's blue chip stocks plunged 77 percent when trading reopened on Tuesday after a near week-long suspension and an official delegation from the island sought Russian help in saving the economy from
Warming to euro Iceland is negotiating with Russia for a multi-billion-euro loan and looking at ways to secure foreign currency as it tries to rebuild a financial system that has all but
British inflation hit a 16-year high of 5.2 percent in September, but that is likely to be the peak and interest rates are still expected to come down sharply over the next
The United States will pump $250 billion into its banks on Tuesday, following similar measures in Europe, but data showed the threat of recession has not been banished even if a financial
