In a surprise move that will be appreciated by the general public, Bank of Cyprus announced that it is delaying its planned hike in lending margins by 1.25% until January 1, 2009,
Swiss luxury watchmaker Romain Jerome has seen sales of watches costing more than 150,000 Swiss francs ($127,400) slow as the financial crisis has forced some customers to cancel their orders, the group's
Turkey's defence minister said on Tuesday he was misunderstood when he apparently praised the deportation of Greeks and Armenians after the fall of the Ottoman Empire as an important step in creating
The Republic of Cyprus and the State of Qatar signed here Tuesday seven bilateral agreements to enhance cooperation between the two countries. The bilateral agreements were signed after talks at the Presidential
Weak economic readings from China, Japan and Britain and a grim corporate outlook worldwide reinforced fears on Tuesday of a prolonged recession, prompting investors to look to a world leaders' summit for
Britain's global goods trade deficit narrowed more than expected in September as exports rose more than imports and the oil trade gap eased to its smallest in more than a year, official
British house prices fell 5.1 percent on a year ago in September, the government said on Tuesday, in a further sign that the housing market is deteriorating. The Department for Communities and
The European Union decided on Monday to send a naval force to the coast of Somalia to combat piracy, after a unanimous decision of the Ministers of Defence of the 27 member
British house prices fell slightly less sharply in the three months to October than in the three months to September, a survey showed on Tuesday, but home sales hit the lowest in
U.S. President-elect Barack Obama visited the White House on Monday for his first post-election meeting with President George W. Bush, a strikingly symbolic moment in the transition of power. Obama, who will
