Cyprus GDP decline revised down to 1.6%

The Statistical Service revised down its estimate for real GDP growth, showing that real GDP declined over the year earlier by 1.6% in the first quarter, compared with an initial “flash” estimate

Spain to request EU bank aid on Saturday

Spain is expected to ask Europe for help at the weekend with recapitalising its stricken banks, EU and German sources said on Friday, becoming the fourth country to seek assistance since the

M&S to launch in-store bank

British retailer Marks & Spencer Plc said on Friday it planned to launch an in-store banking service next month, backed by Europe's biggest bank, HSBC, providing a fresh competitor for the country's