The U.S. economy contracted at its sharpest rate since early 1982 in the fourth quarter, revised data showed on Friday, as exports plunged and consumers cut spending by the most in more
The world economy will shrink at least 1 percent this year, as hopes fade that some developing countries can withstand the crisis, the head of the United Nations Conference on Trade and
The Bank of England looks set to cut interest rates by half a percentage point to a record low of 0.5 percent next week and start buying assets with newly created money
Oil fell more than $2 on Friday, halting its three-day bull run, but otherwise remaining on course to end the month up 5 percent from January, its first such gain since June.
Three development banks launched a programme to lend up to 24.5 billion euros ($31.2 billion) in central and eastern Europe on Friday, as EU members prepare this weekend to discuss the region's
Executive Chairman of Cyprus Airways Kikis Lazarides announced here today profits for the second year in a row, saying that this development comes after four years of consecutive losses, which amounted to
Greek Cypriot trade union SIDIKEK-PEO and Turkish Cypriot BES announced today a joint activities programme for 2009. According to SIDIKEK-PEO General Secretary Antonis Neofytou, the programme includes meetings between Greek Cypriot and
Cyprus Minister of Foreign Affairs Markos Kyprianou departs Monday, March 2 for Egypt to attend the International Conference to support the Palestinian economy for the reconstruction of Gaza. Kyprianou will announce, on
The Cyprus Rally 2009 will be the most interesting and demanding World Rally Championship (WRC) event of the year, stated Thursday Vice Chairman of the Cyprus Rally Organising Committee and Member of
Minister of Commerce, Industry and Tourism Antonis Paschalides will pay to Iran a two-day official visit at the invitation of his Iranian counterpart Sayyed Masoud Mirkazemi. According to an official press release,
