Clouds of tear gas, flying stones and burnt out cars in Greek cities are stark reminders to outside investors of the sclerosis of Greek reform efforts and may even deter new businesses
Full national accounts data show that the slowdown in Cyprus was fairly broadbased in the third quarter of 2008 and that public spending prevented the economy from slowing further. On Wednesday the
World oil demand growth will return in 2009 after shrinking this year for the first time since 1983 due to the global economic slowdown, the International Energy Agency (IEA) said on Thursday.
The "nasty" U.S. recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a UCLA Anderson Forecast report released
Britons' expectations of inflation in the coming year plunged in November from a record high three months previously, a Bank of England survey showed on Thursday. The BoE/GfK NOP Inflation Attitudes survey
OPEC will announce another cut of around 1.5 million barrels per day (bpd) in oil production next week in an attempt to halt a collapse in prices of more than two thirds
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
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
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
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.
