British industrial output in August fell unexpectedly and at its sharpest monthly pace since January as factories shut down for the summer break and oil and gas plants closed for annual maintenance,
Big oil producing nations denied on Tuesday a British newspaper report that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a
Local credit card spending in the Republic of Cyprus fell by 3% compared with the year earlier in the first eight months of 2009, according to data from the credit card company
Turkish Cypriots spent EUR 12.5 mln using credit cards in Greek Cypriot shops in the first nine months of this year, according to the latest data from the credit card company JCC.
The Spring 2009 Eurobarometer has indicated that people living under the control of the Republic of Cyprus are satisfied with their lives (35% very satisfied and 50% fairly satisfied) and describe the
The newly elected government in Greece, under PASOK President George Papandreou, is taking over the leadership of the country at a very crucial period as regards the Cyprus problem, as well as
President Demetris Christofias has congratulated, in a telephone conversation, George Papandreou, PASOK leader, on his victory in Sunday’s national elections in Greece. According to the Athens News Agency, President Christofias was amongst
The U.S. Treasury Department will announce on Monday that three more funds have met requirements to get government financing that will let them begin purchases of banks' so-called toxic assets. Treasury said
Minister of Communications and Works Minister Nicos Nicolaides expressed confidence on Monday that “shipping will recover from the current crisis,” noting that “the intensity of the shipping crisis is beyond any traditional
Efthymios Mitropoulos, Secretary-General of the International Maritime Organization appeared confident on Monday that despite the current global economic downturn there will always be a demand for shipping. In an address to the
