Oil traded flat at below $79 a barrel, off a five-week high the previous session, as a firming dollar offset colder U.S. weather and concerns over political developments in Iran. U.S. crude
Spain takes over the presidency of the European Union for six months from Jan. 1, with ambitious aims of securing the bloc's economic recovery even as it tackles severe challenges to its
U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday. One-fifth of employers
The Cypriot owned E-Clear card-payment processor is under investigation in the UK over its alleged role leading to the collapse of the Scottish low fare airline Globespan and Allbury Travel, which specialised
All nine members of the Bank of England's Monetary Policy Committee voted to keep interest rates at a record low of 0.5 percent and maintain the 200 billion pound asset buying programme
Britain's service sector growth slowed to 0.1 percent in October from a slightly upwardly revised 0.5 percent in September after a fall in distribution services output, official data showed on Wednesday. The
Revenue from tourism has recorded a decrease of 15,7% in November 2009, compared to November 2008. According to data released by the Statistical Service of the Republic of Cyprus, revenue from tourism
President Demetris Christofias reiterated today his resolve to work for the reunification of Cyprus, which would allow its people to live in peace and freedom. «We are doing whatever we can in
The Bank of England's unprecedented quantitative easing programme has helped Britain stave off a Japanese-style depression though the balance of risks to growth and inflation remains to the downside, policymaker Adam Posen
The U.S. economy grew at a much slower pace than initially thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, according to data
