UK supports efforts for a Cyprus settlement

The UK government remains committed to supporting UN efforts to achieve a settlement in Cyprus, based on a bizonal, bicommunal federation with political equality, a spokesman for the British High Commission said

US June durable goods orders rise unexpectedly

New orders for long-lasting U.S. manufactured goods rose surprisingly in June on demand for metals, machinery, electrical equipment, and military needs, even though transportation orders were weak, a government report showed on

US Foreclosures double from last year

Home foreclosure filings rose 14% in the second quarter, the eighth consecutive quarterly climb, and more than doubled from the same period a year-earlier, real estate data firm RealtyTrac said on Friday.

Oil resumes drop, falling below $125

Oil fell back below $125 a barrel on Friday, extending a decline that has knocked more than $20 off prices in two weeks. Concern high prices and the slowing U.S. economy will

Less than half of Cyprus companies innovate

You will often hear Cypriots complaining that their compatriots are followers, not innovators. And new figures from the Statistical Service bear this out. According go the “Innovation Survey” of enterprises with 10

Stocks, dollar fall on economy concerns

World stocks hit a one-week low on Friday while the dollar fell as dismal U.S. housing and jobs data and warnings from German reinsurers fanned concerns about the health of the financial