Cyprus-Czech Republic Business Association launched

The Founding General Assembly Meeting of the Cyprus-Czech Republic Business Association took place in Nicosia, with the participation of entrepreneurs. The Cyprus Chamber of Commerce and Industry said the establishment of the

China, EU pledge to fight financial crisis

 Even as markets tumbled around them, Asian and European leaders expressed confidence on Friday that they could overcome the deepest global financial crisis in more than 70 years. Opening a two-day Asia-Europe

OPEC agrees output cut, oil slide goes on

An emergency OPEC meeting on Friday reached swift agreement to chop production by 1.5 million barrels per day (bpd) as a first step towards halting a deep oil price slide. International benchmark

Darling-UK will get through difficult time

British finance minister Alistair Darling said on Friday he was confident the British economy would get through a "difficult period" after data showed the economy shrunk more than expected in the third

Europeans fear for their jobs

European governments are coming under pressure to prop up the job market, as they have the financial sector, to prevent a dramatic rise in unemployment. According to the latest data from Eurostat,

FTSE, Athens and Cyprus to launch new index

The Athens Stock Exchange and the Cyprus Stock Exchange in cooperation with the FTSE group announced the introduction of a new index named ‘FTSE/ATHEX-CSE Banking Index’, which will capture the performance of

Sony, Samsung hit as crisis takes toll on economy

Electronics makers Sony and Samsung provided new evidence that the global financial crisis is feeding through to businesses and consumers with gloomy earnings forecasts sending Asian stocks sharply lower. Shares in Japan