The U.S. Federal Reserve led a global round of emergency interest rate cuts on Wednesday in an effort to contain the worst financial crisis since the 1930s. The Fed said it was
British Finance Minister Alistair Darling said on Wednesday the government expected taxpayers' money being used for a huge bank rescue package to be repaid after three years. "The money will be in
The Committee of the Regions (CoR) has taken the initiative on 7 October to rename its 5th floor atrium “Open Ledra Street." The re-opening last April of the famous Ledra street crossing
Cyprus has welcomed today’s agreement by European Union Finance Ministers and said it is ready to intervene, if need be, to protect its banking system, Finance Minister Charilaos Stavrakis said, in a
Flights from Athens airport were cancelled and traffic ground to a halt in the Greek capital on Wednesday as state-run company workers went on strike to protest government privatisation plans. Greece's private
By Richard Cowan WASHINGTON, Oct 7 (Reuters) – The U.S. budget deficit hit a record of about $438 billion in fiscal 2008, which ended Sept. 30, the result of rising government spending
Britain announced plans to inject up to 50 billion pounds ($87.2 billion) in capital into its biggest retail banks on Wednesday and Hong Kong slashed interest rates to try to stem the
JERUSALEM, Oct 7 (Reuters) – The Bank of Israel lowered its key borrowing rate by a half-point to 3.75 percent on Tuesday, citing a sharp increase in uncertainty in global markets and
Greek flights will be grounded and urban transport is expected to come to a standstill on Wednesday as workers stage a 24-hour strike against the conservative government's privatisation policy. Greece's private sector
Cypriot President Demetris Christofias said on Tuesday he was disappointed with peace talks with rival Turkish Cypriots on the ethnically divided island, but that he was still optimistic there could be a
