OPEC's income from oil and gas exports jumped 35 percent to more than $1 trillion last year as world oil prices hit record highs of almost $150 per barrel, the group said
The global economy is starting to pull out recession but recovery will be sluggish and government policies need to remain supportive, the International Monetary Fund said on Wednesday. In an update of
World demand for OPEC's oil may take years to recover from the slump in 2009 because of economic weakness and demand destruction, the group said on Wednesday, justifying its slower spending on
The world needs to wake up to the scale of the downturn and stay focused on restarting growth in recession-hit economies, British Prime Minister Gordon Brown told Reuters on the eve of
Major economies tried on Tuesday to break the deadlock between rich and poor nations over 2050 goals for cuts in greenhouse gas emissions at a last-minute meeting before an expanded G8 summit
EU – Armenian issues were the focus of the meeting held Tuesday in Yerevan between the Ministers of Foreign Affairs of Cyprus and Armenia. Cypriot FM Markos Kyprianou, who is accompanying President
President of the Republic of Cyprus Demetris Christofias has reiterated that the recognition of the Armenian genocide by Turkey would have a liberating effect on Turkey itself and would show that the
Britain's economy shrank 0.4 percent in the second quarter of this year, economic researchers said on Tuesday, after weak industrial output data forced it to rethink its view that GDP growth resumed
Eighteen new cases of H1N1 flu have been confirmed in Cyprus during the past 24 hours, increasing the total number of confirmed cases to 135, the Health Ministry announced on Tuesday. According
Greece's tourism industry has shed more than 19,000 jobs after arrivals at airports dropped by nearly a tenth in the first six months of the year, a trade group said on Tuesday.
