Cyprus and Greece are the only Eurozone countries that have recorded positive financial growth rates during the fourth quarter of 2008, according to data released on Tuesday by Eurostat. In Cyprus, GDP
Evidence of a deepening economic slump mounted on Tuesday as a top European central banker warned G20 efforts to boost the IMF's firepower could stoke inflation by creating "helicopter money". Shares fell
OPEC can live with oil prices of $50-$60 a barrel for the rest of 2009, a source close to the organisation's Angolan presidency said on Tuesday. The comments fit with an emerging
British industrial output suffered its biggest annual drop in February since records began 40 years ago, highlighting the extent to which the sector is being hit by the global downturn. Official data
Below Athens' lofty Acropolis, taverna-owners chase after potential customers strolling along the stone-paved alleys of Plaka past empty handicraft shops. The season hasn't started, but the tourist industry is worried. Holiday bookings
President of the Republic of Cyprus Demetris Christofias, in Egypt on a three-day official visit, met Tuesday his Egyptian counterpart Hosni Mubarak, with whom he signed a joint declaration. The official welcoming
Cypriot Minister of the Interior Neoclis Sylikiotis has welcomed the initiative of the Commission to strengthen the legal framework concerning child pornography and the sexual exploitation of children, as well as combating
European Central Bank Executive Board member Juergen Stark was quoted on Tuesday as criticizing decisions made at the G20 summit to boost the IMF's Special Drawing Rights (SDRs). Stark suggested in a
British manufacturing output fell less than expected in February but that still marked the 12th straight month of declines, the longest stretch of losses since the recession of the early 1980s. The
President of the Republic of Cyprus Demetris Christofias will meet in Cairo, Egypt, on Tuesday his counterpart Hosni Mubarak. President Christofias arrived on Monday in Cairo heading a delegation, for a four-day
