Core OPEC oil producers in the Gulf would ignore Iran's call for Islamic countries to cut supplies to supporters of Israel in response to the Israeli offensive in Gaza, an OPEC source
Germany's coalition parties meet on Monday to hammer out a framework for a second stimulus package worth up to 50 billion euros to help Europe's biggest economy weather its worst recession since
The Ministry of Finance has calculated that the new salary increases as a result of the cost of living allowance (C.O.L.A.) for the first six months of 2009 will reach 2.15%, affecting
U.S. President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a massive stimulus plan to counter what senior policymakers warned could be a prolonged period
German government leaders meet on Monday to discuss a second package of stimulus measures to help Europe's biggest economy weather a deep recession. Chancellor Angela Merkel's coalition — a partnership of her
The consumer price inflation rate in Cyprus recorded its highest rate for well over years in 2008, rising to 4.7%, compared with 2.4% in 2007. However, falling international oil and food prices
Cyprus inflation in December 2008 dropped to 2.1%, compared to November's 3.4%, assisted by a significant drop in fuel prices, according to figures released by Cyprus' Statistical Service. The Consumer Price Index
The legal obligation for maintaining dual pricing in euro and Cyprus pounds was terminated on January 1st, 2009, one year after the accession of Cyprus to the euro-zone. The coordinator of the
The credit squeeze for British families and businesses looks set to intensify into 2009 despite unprecedented measures to recapitalise the banking system and get lending flowing again, a survey showed on Friday.
British house prices fell by a record 16.2 percent year-on-year in December, taking them to their lowest level since August 2004, data from the country's biggest mortgage lender, Halifax, showed on Friday.
