OEV employers call for no pay hikes in Cyprus

Civil servants pensions 3 times higher The Employers and Industrialists Federation (OEV) wants the Minister of Finance to call an urgent meeting of all interested parties to deal with the worsening economy

Orams lose Cyprus property battle

The British Court of Appeal ruled Tuesday that a decision by a Cypriot court, in connection with claims relating to Greek Cypriot owned property in the Turkish occupied north, must be executed.

Cyprus motor regs dropped 25.7% in 2009

Figures for December confirm that 2009 was a terrible year for car sales, as total registrations of new and second hand vehicles dropped by 25.7% to 50,291 from 67,722 in 2008. Of

UK car production sees biggest rise since 1976

British car production rose 58.5 percent on the year in December, the biggest rise since May 1976, the Society of Motor Manufacturers and Traders said on Friday. Commercial vehicle production, a smaller

Banks may shed private equity assets in Obama plan

U.S. President Barack Obama's plan to limit financial risk-taking could force banks, such as Goldman Sachs or JPMorgan, to shed parts of their private equity operations. Among the proposals, which require congressional

UK retail sales weak in Dec as prices surge

British retail sales volumes rose by much less than expected in December as a large rise in prices deterred shoppers from splashing out over Christmas, official data showed on Friday. The Office