Cyprus Airways to sell A320 aircraft

Cyprus Airways Public Ltd (CAIR) announced the signing of a Letter of Intent with TPG Credit Management L.P for the sale of one of its older A320 aircrafts to a company controlled

South China labour woes worsen on export slump

China has witnessed a sharp increase in labour arbitration cases in its southern export hub of Guangdong as exports shrink and jobs disappear, state media said on Thursday. More than 60,000 applications

House passes auto bailout, Senate prospects grim

The House of Representatives approved bailout legislation on Wednesday that would force U.S. automakers to restructure or fail, sending the measure to the Senate where prospects for passage appeared grim. "Gonna be

Cyprus GDP grew by 3.5% in Q3 2008

Gross Domestic Product in Cyprus grew by 3.5% in the third quarter of 2008, by comparison to the corresponding period of last year, according to estimates by CyStat, the Cyprus Statistical Service.