Cyprus to increase golf courses to 14

Cyprus government plans to increase its golf courses to 14 in a bid to enrich its tourist product, Cypriot Minister of Commerce, Industry and Tourism Antonis Paschalides said. Paschalides met with Cypriot

US Q3 GDP shrank 0.5 pct as economy chilled

The U.S. economy shrank at a 0.5 percent annual pace in the third quarter as expected after consumers and businesses cut spending and the country's recession gathered steam, government data showed on

UK Q3 GDP decline sharpest since 1990

Britain's economy shrank by more than previously thought in the third quarter and for the first time since the early 1990s, official data showed on Tuesday, raising concerns the UK is heading

UK shopper numbers rise on Monday – survey

UK shopper numbers increased 13.6 percent on Monday compared to the same Monday in 2007 which was Christmas Eve, a survey showed on Tuesday. "Yesterday's figures signalled that shoppers were out in

Cyprus business confidence declines sharply

Business confidence in Cyprus recorded a significant decline in the retail trade sector, while further deterioration is expected in the services and construction sectors according to a survey performed by the Economics