The European Commission has approved under European Community Treaty state aid rules a Cypriot scheme using special government bonds to reinforce stability in financial markets and mitigate the effects of the crisis.
The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labor market remains fragile despite signs of economic revival.
Central banks that worked hand in hand with governments to contain the financial crisis may succumb to political pressure and delay unwinding ultra-loose monetary policy, risking igniting inflation and speculative bubbles. With
Gauging the strength of Britain's recovery will be difficult for some time and measures are needed to temper "exuberance" in the banking sector, the Bank of England's deputy governor said in an
Prospects for companies that provide services for oil and gas producers were lifted on Thursday when Norway's Aker Solutions' third-quarter topped forecasts and Britain's Petrofac saw healthy activity. The oilfield services sector
The price index of construction materials for September 2009 reached 117.83 (base year 2005=100.00), recording an increase of 0.34% over the previous month. However, compared with the same period of the previous
British retail sales failed to grow for a second month running in September, official data showed on Thursday, confounding expectations for a 0.5 percent rise. The Office for National Statistics said sales
Hermes Cyprus to build 5-star hotel at Larnaca airport Sarkozy invited to airport opening on November 7 French president Nicolas Sarkozy has been invited to inaugurate the 656-million-euro new terminal building at
The latest data from the Statistical Service show that there was a steep decline in motor vehicle registrations in the first nine months of 2009. Total registrations of motor vehicles during the
The Cyprus industrial turnover index for July 2009 reached 144.5 (base 2005=100), recording a decrease of 11.7% compared to July 2008. For the period January-July 2009, the index recorded a decrease of
