The head of the IMF questioned on Monday any debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed
The 16-country euro zone lost a record 1.22 million jobs in the first quarter of 2009, data showed on Monday, highlighting the depth of recession and boding ill for any quick turnaround.
The government expects that European Commission President Jose Manuel Baroso will contribute to the Cyprus peace effort by ensuring that proposals put forward at the ongoing, UN-led talks, are in line with
The National Airline of the United Arab Emirates, Etihad Airways launched Sunday direct flights from Abu Dhabi to Larnaka airport, with a frequency of three flights a week. According to a press
The Board of Primetel Plc (PTL) will meet on June 23, 2009 to examine and approve the issue of non-convertible Bonds of up to EUR5 mln. In addition the Board will decide
The Obama administration on Wednesday will unveil its long-awaited plan to tighten U.S. financial regulation, marking a test of its resolve to seize political opportunity and face down powerful interests. Banks and
Britain will pull out of recession earlier than previously forecast but a sustained recovery is not assured, the Confederation of British Industry said on Monday. The business group predicted the economy would
Hungary's central bank governor told parliament on Monday he would sell his Cypriot-registered company and transfer the proceeds to Hungary after coming under fire from the opposition over his foreign investments. Hungary's
Employment levels fell in the first quarter of 2009 according to the quarterly Labour Force Survey which is conducted using EU norms. The number of employed reached 376,807 in the first quarter
The number of building permits authorised by the municipal authorities and the district administration offices increased for a second straight month during March 2009, rising by 7.3% to 766. However, the total
