Cypriot businesses are facing the world economic crisis with reserved optimism, confidence and realism, according to a Cyprus-wide survey commissioned by PricewaterhouseCoopers. The survey took place in February and March and asked
U.S. employers cut 539,000 jobs in April, the fewest since October, according to government data on Friday that signaled the economy's steep decline may be easing. However, the Labor Department said the
Oil stood at just below $58 a barrel on Friday, off session highs, lifted partly by more positive data on the health of some major economies that could ultimately translate into increased
U.S. employers cut a smaller-than-expected 539,000 jobs in April, the smallest amount since October, according to government data on Friday that hinted at some improvement in the labor market and the recession-hit
Laser Investment Group Plc (LAS) announced the signing of the agreement between its subsidiary Coffee Beanery Europe Ltd and the Dutch company Global Market Consultants N.V, which concerns the sale of franchise
Oil rose above $57 a barrel on Friday, remaining near a six-month high, lifted by hopes of an econonomic recovery that could boost falling world oil demand. European shares moved higher as
A rebound in exports in Germany, Europe's biggest economy, provided another sign on Friday the global recession may be easing ahead of the release of key U.S. jobs data. Data showing German
China's vice premier Wang Qishan said the global financial crisis is spreading and the economy will get worse before it gets better, in a written article in the Financial Times on Friday.
The EU summit in Prague for the Eastern Partnership, aiming at strengthening ties between the EU and six Eastern Europe countries, namely Ukraine, Belarus, Moldavia, Armenia, Georgia and Azerbaijan, wrapped up its
President of the House of Representatives Marios Garoyian has said that, despite the sincere political will and the constructive initiatives on behalf of the Greek Cypriot side, no substantive progress has been
