The nominally communist AKEL government of Cyprus managed to spend all of the huge surplus it inherited in less 12 months, according to the latest figures for the general government accounts. The
Top policymakers are striving to temper optimism the global economy has turned a corner, which has propelled world stocks on a six-week climb. Trillions of dollars committed to stimulus packages are starting
It was "crass nonsense" to believe the economic crisis was impossible to predict, Bank of England policymaker David Blanchflower said in an interview on Monday. The arch dove considered resigning over what
Trillions of dollars committed to stimulus packages are starting to work, but governments may have to do more to pull the world economy out of its worst recession in eight decades, the
Somali pirates have released a Togo-flagged cargo ship seized last week, a U.N. aid agency said on Monday, and pirate sources said a ransom was paid. Sea gangs have continued to hijack
Turkish Cypriot hardliners swept to victory in parliamentary elections in northern Cyprus on Sunday in a result that could hamper peace talks with Greek Cypriots essential to Turkey's EU membership ambitions. The
U.S. companies are concerned that they are not getting a fair chance at contracts linked to China's 4 trillion yuan ($585 billion) stimulus package, a leading U.S. business group said on Friday.
Turkish Cypriots vote on Sunday in a parliamentary election likely to give a boost to hardliners and complicate the fragile peace process with Greek Cypriots in the divided Mediterranean island. The vote
British Conservative Party's Shadow Minister for Europe, Mark Francois MP, has expressed the view that there is a possibility of an agreement on the Cyprus issue. Francois, who paid recently a three-day
“Cheap solar” is a myth The state-owned Electricity Authority of Cyprus is embarking on a nationwide plan to reassess all its properties in order to better utilise them and increase revenue for
