An earthquake of 5.1 magnitude struck in the Aegean Sea north of the Greek island of Evia on Tuesday, but there were no immediate reports of casualties. The Athens Geodynamic Institute said
Minister of Finance Charilaos Stavrakis briefed the House of Representatives Finance Committee on the international financial crisis, noting that Cyprus' banking system was the most stable in Europe, giving it a significant
Germany, France and Britain announced massive financial rescues on Monday as governments across Europe stepped in to shield banks and restore confidence in the face of the worst financial crisis in nearly
U.S. economist Paul Krugman, a fierce critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday. The
Governments across the world launched multi-billion dollar bailouts on Monday to shore up tottering global banks and Britain called for a new Bretton Woods agreement to reshape the world financial system. Stocks
Cyprus President Demetris Christofias has announced his decision to cancel Nikiforos, the National Guard annual military exercise. Speaking at the Presidential Palace, President Christofias said the Council of Ministers had decided some
Cyprus President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat continued here today their discussions on the powers of the executive, in the framework of direct negotiations aiming to solve the
Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financial sector. A central bank and finance ministry delegation left for
Most shopkeepers in Tehran's main bazaar re-opened for business on Monday after a protest against a new sales tax, but some defied calls from their trade union to go back to work.
Fewer than half of Cyprus’s tourists stay in hotels, according to data released by the Statistical Service, while around one-sixth stay with relatives and friends. Between January and August 2008, on average
