U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday. The private
U.S. crude oil futures extended their gains to above $45 on Wednesday after stocks of crude in the United States declined unexpectedly and demand for gasoline rose. Prices were also supported by
European Union states reached a deal on Wednesday on introducing mandatory registration and direct supervision of credit rating agencies, a spokesman for the Czech EU presidency said. The sector has been criticised
Prime Minister Gordon Brown said on Wednesday that Britain could have been stricter in its supervision of financial markets, but defended his response to the global financial crisis. "We should have been
President of the European Union Committee of the Regions (CoR) Luc Van den Brande has said that the Committee is preparing an opinion to address the Cyprus question at local level, but
Demand for staff at British companies fell at its fastest rate in more than 10 years in February and pay also fell at a record rate as firms slashed costs, a survey
China's official military budget for 2009 will rise 14.9 percent on last year, an official said on Wednesday, defending the boost as a modest one to help improve equipment and conditions, and
Three more bike races under the title “Afxentia” have taken place between February 27 – March 1, at Macheras mountains, in the framework of the international mountain biking games ''Cyprus Sunshine Cup
Cyprus Minister of Commerce, Industry and Tourism, Antonis Paschalides signed an Agreement with the Iranian Minister of Finance for the Mutual Promotion and Protection of Investments between Cyprus and Iran. Paschalides, who
British Prime Minister Gordon Brown will press President Barack Obama for details on his plans to fix the ailing U.S. financial sector in talks on Tuesday that will focus on the global
