European Commission President Jose Manuel Barroso defended spending cuts across Europe at talks with trade union leaders on Friday, saying austerity was needed to restore investors' confidence and economic growth. "I underlined
Britain should not look at rising inflation as a way of cutting its public debt, Bank of England Deputy Governor Charles Bean said, adding the central bank would not hesitate to take
Chinese exporters who made a big push only a year ago to bill in euros are increasingly turning their backs on the wounded European currency and demanding dollars instead. By contrst, Beijing
Euro zone government bond futures opened higher on Friday as investors flocked to safer haven German Bunds while awaiting key U.S. non-farm payrolls data later in the session. The U.S. Employment Report
The U.S. dollar and Asian stocks held on to recent gains on Friday ahead of a report expected to show the highest U.S. jobs growth since 1983, supporting a cautious shift back
Leading policymakers were unusually candid on Friday in voicing fears that the euro zone's financial and banking woes could derail the global economic recovery. The troubles of Greece and other heavily indebted
Foreign Minister Marcos Kyprianou has explained that there is a political decision and commitment of the Government regarding the accession of Cyprus to Schengen, which constitutes a legal obligation vis-a-vis the European
Pope Benedict XVI arrived in Paphos, Cyprus, on Friday, accompanied by a multimember delegation. The Pope was officially welcomed by President of the Republic of Cyprus Demetris Christofias and his wife, Elsie.
Reinsures have bumped up prices for offshore energy-related insurance premiums by 50 percent following insurance industry losses of up to $3.5 billion from the BP plc oil spill in the Gulf of
Greece will tap advisors soon for its sale in state rail firm OSE and launch processes to award advisories for the rest of its three-billion-euros privatisation programme, a senior government source said
