Richest Greeks lose 61% of fortunes

Cypriot millionaires have appeared for the first time in the annual Greek Rich List, an ethnic spin-off of the Sunday Times Rich List, that also saw the Greeks and Greek Cypriots in

EU urges Cyprus to boost ‘sustainable tourism’

A senior European Commission official is meeting with tourism industry stakeholders this week, urging them to adopt new ways to promote tourism, by making Cyprus a more sustainable destination. Francesco Ianniello, Head

EIU affirms Greece BBB, outlook negative

The Economist Intelligence Unit affirmed on Friday its BBB rating for Greece's sovereign risk with a negative outlook. Greece's poor rating—two bands lower than the median of its eurozone peers—reflects structural problems

US Jobless claims up, labor market still healing

The number of workers filing new applications for jobless insurance unexpectedly rose last week, according to government data on Thursday that still suggested the labor market was improving. Initial claims for state