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
The number of foreign firms bought by British companies fell to a record low in the fourth quarter of last year while foreign takeovers of British firms rose, official data showed on
Cyprus Airways, the national carrier of the Republic of Cyprus, linking Cyprus with Lebanon for over 40 years now, has announced it would double its flights to Beirut. More specifically, Cyprus Airways,
U.S. consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery. The Commerce Department
Greece needs to take further action to tackle its debt crisis and must meet its budget goals, EU Economic Affairs Commissioner Olli Rehn said on Monday. "I am asking the Greek government
British consumer and mortgage lending rose faster than expected in January, though mortgage approvals dipped due to tax changes and poor weather, Bank of England figures showed on Monday. The central bank
Outbound travel showed signs of recovery in January as the number of residents of Cyprus returning from a trip abroad rose by 6.5% over the corresponding month of 2009 to reach 78.328,
Equity investors kicked off the new month in a buying mood on Monday, lifted by speculation an EU deal over Greek debt was pending and piling into mining stocks as copper prices
