Cyprus - Page 1703

Britain's services sector bounced back faster than expected in February to record its strongest expansion in more than three years, a survey showed on Wednesday. Coupled with a surprisingly robust manufacturing survey

Greece's cabinet approved a sweeping new austerity program on Wednesday, the third in as many months, in a drive to rein in a bulging budget deficit and secure European financial support, a

The Greek government will look at trimming public sector bonuses by 30 to 35 percent when it meets to decide on new ways of cutting budget spending on Wednesday, government officials said.

The European Union executive will unveil a 10-year plan on Wednesday to boost economic growth, create jobs and help steer the bloc safely out of its worst financial crisis in decades. The

Greece must tighten its belt further to reach this year's deficit-cutting target, but it is not yet clear by how much, the European Commission said. Economic and Monetary Affairs Commissioner Olli Rehn

The total sales of petroleum products in January 2010 recorded a decrease of 16.0% compared to the previous month, according to the Statistical Service. A considerable decrease was recorded in the sales

Oil gained over 30 cents to top $79 on Tuesday, reversing earlier losses in choppy trading that reflected dollar moves in the absence of any clear fundamental momentum to spring out of

European Socialists proposed on Tuesday setting up an emergency fund to prevent defaults by euro zone countries such as Greece that run into trouble and ward off a "locust swarm of speculators".

Greece's debt crisis may end up helping Europe in the long run if it pressures governments to start addressing the potentially colossal costs of pensions and healthcare in coming decades. In the

Dearer oil raised inflation rates throughout the developed world in January, when British consumer price growth of 3.5 percent far outstripped rises in the United States and other rich countries, the OECD