Analysts are still waiting for the official measure of British retail sales to reflect the gloom and doom prevalent for months in business surveys. Data from the Office for National Statistics showed
The 2009 state budget will focus on development projects, Government Spokesman Stephanos Stephanou has said. He added that the state budget, the first under the governance of President Demetris Christofias, will be
The Council of Ministers decided Wednesday to apply to the European Union in order to proceed with a national outlay, to support farmers who suffer from the consequences of the severe drought
European Parliament (EP) President Hans-Gert Poettering launched EuroparlTV, the Parliament's own webTV channel. As from today anyone with Internet access will be able to watch a regularly changing set of programmes based
Global stocks rallied on Wednesday after a bailout of cash-strapped insurer AIG halted a two-day equities fall, but interbank lending rates stayed high and U.S. share futures weakened, suggesting the recovery was
Russian bourses halted stock and bond trading on Wednesday amid the worst falls since the country's 1998 financial collapse and the Finance Ministry pledged a total of $60 billion of funds to
Central banks struggled to restore confidence on financial markets for a third day running on Wednesday after the United States agreed to rescue insurance giant AIG, the latest casualty in a crisis
Construction starts on new U.S. homes plunged to a 17-1/2-year low during August as builders scaled back sharply to try to cope with the worst slump in U.S. housing since the Great
Greece said it would shut down ailing state carrier Olympic Airlines and relaunch it under a new structure, ending years of failed efforts to find a buyer, under a plan that received
Media reports that British banks HBOS and Lloyds TSB are in advanced merger talks underscore the speed with which regulators seem prepared to ditch long-held orthodoxies to counter the credit crunch. HBOS,
