Cyprus said it planned to temporarily increase corporate tax by one percentage point to 11 percent, as the island struggles to contain a widening public deficit. "This will be for two years.
Britain can eliminate all its carbon emissions by 2030 by overhauling its power supply, national diet and transport, a report by the UK's Centre for Alternative Technology said on Wednesday. The blueprint
The European Commission on Wednesday denied a report that the European Union, the IMF and the U.S. Treasury were drawing up a liquidity plan for Spain including a credit line of up
Credit rating agency Fitch sees a break-up of the euro zone as a "remote risk" and not one of its most likely scenarios, a Fitch director said on Wednesday. "It's not our
Turnover in the general services sector rose by a revised 0.9% over the year earlier in January – March 2010, compared with an earlier estimate that reported a 0.6% decline. The general
Tourism arrivals in Cyprus rebounded in May after a plunge in April that was exacerbated by the volcanic ash episode. On the basis of the results of the Passengers Survey, arrivals of
Britain's newly created budget watchdog downgraded economic growth forecasts Monday but did not radically alter the scale of austerity measure required from the country's coalition government. Britain's economy will grow more slowly
The U.S. labor market will hold the key to a recovery in the hard-hit housing sector, according to a Harvard University report released on Monday. Record high foreclosures and a high jobless
Euro zone industrial output in April surged year-on-year more than in any month in almost two decades, data showed on Monday. The European Union's statistics office Eurostat said industrial production in the
It was after 1 a.m. on Monday May 10 when a little-known Dutch civil servant made the suggestion that may have saved the euro. European finance ministers had come together in Brussels
