The number of residents of Cyprus travelling abroad fell again in April, to 86,350 a drop of 8.8% compared with the 96,645 recorded in April 2008. The most popular destination was Greece
Oil prices rose by around a dollar to more than $60 on Tuesday as renewed confidence across financial markets helped to reverse some of last week's losses. U.S. crude rose by 91
A jump in auto and gasoline sales boosted U.S. retailers in June, while a measure of inflation soared by twice as much as expected, bolstering hopes the economy was finally beginning a
U.S. Treasury Secretary Timothy Geithner said on Tuesday that a global assault on recession was making headway, although data from Europe gave evidence only of a stuttering recovery at best. Geithner assured
U.S. Treasury Secretary Timothy Geithner said on Tuesday aggressive efforts to counter a global financial crisis were starting to work and acknowledged the United States had a special duty to help spur
British consumer price inflation fell below the Bank of England's target for the first time in almost two years in June while a broader price gauge fell at a record pace, official
Oil prices slipped more than $1 to below $59 a barrel on Monday, hitting their lowest in almost two months on concerns over the state of the global economy. The market dropped
President of the Republic of Cyprus Demetris Christofias said that the government may soon make announcements concerning assistance to the Institute of Neurology and Genetics. Speaking after a visit to the Institute,
Britain should return to growth in 2009, although the fate of the global economy remains uncertain, British finance minister Alistair Darling said on Monday. "I remain confident that our economy will see
The global economic downturn is far from over, and few countries have dismantled the dangerous protectionist barriers they imposed in response to it, World Trade Organisation Director-General Pascal Lamy said on Monday.
