Cyprus industry continues its decline in April

**But prices still up** Industrial production continued its decline in April, falling by 9.8% compared with April 2011. Within the overall industrial sector, manufacturing dropped by 8.7%. In January – April 2012

Russians bemused as parking fines shoot up

Moscow city authorities increased parking fines by tenfold on Sunday to try to unclog the Russian capital's roads and pavements, to the bemusement and anger of many residents. Anarchy has ruled for

Would the ECB downgrade France?

By George Hay The author is a Reuters Breakingviews columnist. The opinions expressed are his own. The European Central Bank rightly wants to loosen the grip of ratings agencies. That is why

Balotelli sends Italy past Germany

Italy once again proved to be Germany's nemesis after Mario Balotelli struck two first-half goals to set up a UEFA EURO 2012 final against Spain on Sunday. Joachim Löw's side came into