Cyprus’ annual inflation recorded a significant decrease in June 2012, while Euro area annual inflation remained unchanged and EU inflation increased slightly, according to Eurostat data. The lowest inflation rate in the
Cyprus faces very serious macroeconomic imbalances, EU Commissioner for Economic and Monertary Affairs Olli Rehn has said. Replying on behalf of the EU Commission to a question raised by Cyprus Member of
Two former Cypriot ministers and four other senior officials pleaded not guilty on Monday to charges of manslaughter and negligence relating to a deadly munitions explosion that was the island's worst peace-time
Just hours after General Motors abruptly fired Karl-Friedrich Stracke as chief executive of Opel last week, industry observers were already beginning to ask whether it was time to start writing the troubled
The first Cyprus Presidency of the Council of the European Union comes at very challenging times, President of the European Council Herman Van Rompuy has told the Cyprus News Agency. In statements
Clearly one of the priorities of the programme to be agreed between the Troika and Cyprus will involve measures to restore the health of the banking sector, Director of IMF External Relations
Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but their countrymen need them to find a way to work together to
What looks to be the worst U.S. drought in a quarter of a century has given rise to an old-fashioned commodity rally on world markets, with key grain prices hitting highs which
The discovery of suspicious wires in plastic straws aboard a Madrid-bound Delta Air Lines jetliner on Thursday night forced the plane to return to New York, but authorities said they searched the
The woes confronting Europe's auto industry surfaced dramatically Thursday when France's PSA Peugeot Citroen announced 8,000 job cuts and a plant closure and Germany's Opel got its fourth CEO in less than
