Cyprus industrial turnover down 10.8% in June

The Statistical Service reported that the industrial turnover index reached 128.5 (base 2005=100) in June 2009, recording a decrease of 10.8% compared with June 2008. Industrial production in the same period fell

U.S. inflation reading tame, output rises again

Higher gasoline costs pushed up U.S. consumer prices in August while industrial output increased for a second consecutive month, according to data on Wednesday that reinforced hopes the economy was finally on

EU’s Barroso wins strong mandate for new term

European Commission President Jose Manuel Barroso won a strong mandate to combat Europe's economic crisis by gaining a clear majority in the European Parliament on Wednesday for a second five-year term. The