EU Economic and Monetary Affairs Commissioner Joaquin Almunia announced on Tuesday during a press conference the European Commission's recommendation to Cyprus to reverse the projected fiscal loosening in 2010 and beyond. Almunia
Organizers of the 2010 Winter Olympics have felt the pinch of the global credit crunch, but said on Wednesday that will not pose a problem because they are currently flush with cash.
British Prime Minister Gordon Brown said on Tuesday he was confident world leaders at a global financial crisis summit next week would do "whatever it takes" to create growth and jobs. He
Bank of England Governor Mervyn King warned Britain's government on Tuesday that its burgeoning budget deficit meant it would have to be cautious about any new fiscal stimulus package to boost the
The world econonic downturn has triggered a spike in admissions to subsidised government hospitals in Cyprus, with the public shunning costlier private health care. Doctors in state hospitals say there has been
British consumer price inflation rose unexpectedly to 3.2 percent in February, official data showed on Tuesday, forcing Bank of England Governor Mervyn King to write a letter explaining why it remains so
U.S. Treasury Secretary Timothy Geithner will face tough questions from lawmakers on Tuesday as he spells out the basics of the Obama administration's plans to reshape financial regulation at a high-profile congressional
U.S. President Barack Obama urged fellow leaders on Tuesday to agree swift action at a G20 summit next week to spur global recovery and Britain's Gordon Brown embarked on a tour to
Governor of the Central Bank of Cyprus Athanasios Orphanides said on Monday that in time there would be ''further significant reductions in loan interest rates,'' and expressed optimism that the Cypriot economy
The Council of Ministers approved the new national drug strategy for 2009-2012 during a meeting on Monday, Minister of Health Christos Patsalides announced. In a statement after the meeting, Patsalides said the
