Cyprus - Page 1995

China and the United States sparred on Friday over how to handle an economic crisis that has forced central banks around the globe into a series of dramatic interest rate cuts. Figures

China and the United States pledged on Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation when President-elect Barack Obama takes office. But signs of

A report on Friday expected to show the biggest monthly U.S. jobs loss in 26 years is set to pile more pressure on the Federal Reserve to slash rates again and add

Cyprus said on Thursday it would press ahead with plans to open the Mediterranean for oil exploration despite objections from its northern neighbour Turkey and estranged Turkish Cypriots. In a growing dispute

The European Court of Human Rights (ECHR) has dismissed a demand on behalf of Turkey to reexamine its decision in the case of Demades v. Turkey, issued in April 2008, and has

The European Central Bank cut interest rates by 75 basis points on Thursday, its biggest ever move as inflation plummets and the euro zone economy sinks deeper into recession. The move takes

Falling investment and a weaker trade performance made the euro zone economy contract in the third quarter, data showed, confirming the bloc's first recession as the European Central Bank meets to discuss

President Nicolas Sarkozy unveiled a 26 billion euro ($32.9 billion) stimulus plan for the faltering French economy on Thursday, targeting investment projects rather than directly aiding consumers. France is the latest European

The Bank of England slashed interest rates by a full percentage point on Thursday to shore up Britain's crumbling economy and head off the threat of deflation. The cut took rates to

Supermarkets have seen the highest turnover this year in terms of payments by credit or debit cards, according to data from JCC, the plastic card joint venture run by the commercial banks.