U.S. President-elect Barack Obama nominated Congressional Budget Office chief Peter Orszag on Tuesday to be the director of the White House budget office. Obama, who will take office on Jan. 20, also
Cyprus Airways boosted its fleet with an additional Airbus 319 which will arrive at the Larnaca Airport on Wednesday. The Airbus 319 will be given the name “Larnaca” and will carry 126
The European Commission will propose on Wednesday a short, sharp boost to the recession-hit European economy including value-added tax cuts and a call for lower ECB interest rates, a draft document showed.
Angola may be unable to implement part of a $42-billion programme to rebuild its infrastructure because of the global financial crisis and drop in oil prices, the country's president said on Tuesday.
Chinese President Hu Jintao vowed to increase maritime investment in Greece on Tuesday after the signing of a 3.4 billion euro ($4.4 billion) deal to run the country's largest port, despite protests
Minister of Commerce, Industry and Tourism Antonis Paschalides met on Tuesday with the leadership of the Cyprus Tourism Organisation (CTO), Cyprus Airways and Eurocypria, with a view to achieve better tourist accessibility
Cyprus said on Tuesday it would push ahead with oil and gas exploration activities in the Mediterranean and warned that Turkey could face difficulties with its EU entry bid if it tried
Britain's economy will shrink 1.1 percent next year and unemployment is likely to rise to 6.8 percent of the workforce, the Organisation for Economic Cooperation and Development forecast on Tuesday. The Paris-based
Bank of England Governor Mervyn King on Tuesday applauded the British government's pre-budget plans to stimulate the flagging economy with a package of tax cuts and debt-funded government spending. King told parliament's
The leaders of the Democratic Rally (DISY) and the Turkish Cypriot Social Democrat Party, Nicos Anastasiades and Mehmet Cakici respectively, agreed on Tuesday on a common vision for a settlement of the
