Obama to renominate Bernanke as Fed chief

U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday, seeking to keep him in place to steer the world's largest economy

Cyprus tourism revenue falls 14.8% in July

Revenue from tourism in Cyprus reached EUR 232.5 mln in July 2009 compared with EUR 272.9 mln in the corresponding month of the previous year, according to the Passenger Survey conducted by

Roubini warns of double-dip recession: report

Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a "big risk" of a double-dip recession, according to an opinion piece posted

Cyprus tourism arrivals drop 11.2% in July

Tourism arrivals fell for the eighth consecutive month in July, as arrivals of tourists fell by 11.2% over the year earlier to reach 304,126, compared with 342,554 in July 2008. The largest