Cyprus President Demetris Christofias has assured that the government has a plan to protect small businesses in Cyprus from the international financial crisis, noting that the Council of Ministers has recently taken
The German government announced that it will guarantee all private German bank deposits, covering both existing accounts and future ones. Details of the new scheme are unclear, but apparently it will replace
Turkish side’s positions do not leave ground for optimism regarding the outcome of the renew efforts to reach a Cyprus settlement, President of the House of Representatives Marios Garoyian has said. “We
Cyprus ranks first so far on the UEFA country ranking table for the new football season 2008-2009, with 5.666 points, after last week’s results in the European Cups. Anorthosis Famagusta FC beat
Germany offered a blanket bank deposit guarantee as it clinched a deal to rescue lender Hypo Real Estate, while regulators from Washington to Seoul took their own steps to ensure the stability
Oil fell below $94 a barrel on Friday after a report showed U.S. employers slashed jobs in September, the latest indication of the weakening economy of the world's largest oil consumer. Investors
U.S. employers cut payrolls at the steepest rate in 5-1/2 years during September, slashing an unexpectedly large 159,000 nonfarm jobs as employment contracted for a ninth straight month. The unemployment rate was
The UN Secretariat team dealing with the Cyprus problem has reached the conclusion that the process of direct negotiations to solve the island's political question is moving at a slow pace. The
Cypriot teams APOEL FC and Omonia AC of Nicosia have been eliminated from the UEFA Cup. APOEL secured a 1-1 draw in ''Veltins Arena'' with Germany's Schalke, which advanced in the Cup's
Oil fell nearly a dollar to near $93 a barrel on Friday, its third consecutive day of losses, on skepticism that a U.S. bailout package would be enough to prevent further oil
