Debenhams Plc, Britain's second-biggest department store chain, posted a 16 percent drop in annual profit on Tuesday, in line with expectations, and halved its dividend amid worsening trading conditions. The group, which
Democrat Barack Obama has opened an 8-point lead over Republican John McCain two weeks before the U.S. presidential election, according to a Reuters/C-SPAN/Zogby poll released on Tuesday. Obama leads McCain 50 percent
Twenty million jobs will disappear by the end of next year as a result of the impact of the financial crisis on the global economy, a United Nations agency said on Monday.
Following are the latest measures taken by governments to limit damage from the global financial crisis: * ITALY – Italy said it was readying a new plan to guarantee the debts of
Oil rose on Monday, supported by expectations OPEC may cut output this week to boost prices that have fallen more than 50 percent in just three months from a record high above
The industrial turnover index in Cyprus reached 197.1 (base 2000=100) in July 2008, recording an increase of 21.4% compared with July 2007. The industrial turnover index comprises mining and quarrying, manufacturing, electricity,
Motor vehicle registrations in Cyprus have taken an erratic path this year, making it difficult to assess the overall trend. Registrations have fallen in some months have risen at double digits rates
Retail trade in Cyprus remained buoyant in July, according to provisional figures for that month. The turnover volume index of retail trade for July 2008 rose by a provisional 10.1% compared with
Tourist arrivals in Cyprus fell for the third straight month in September. On the basis of the results of the Passengers Survey, arrivals of tourists fell by 3.2% year on year to
Minister of Finance Charilaos Stavrakis has slashed the GDP growth estimate for 2009 from 3.7% to 3.0% as a result of the global economic crisis and the financial meltdown. The previous 3.7%
