Annual inflation inched up in April, according to the latest figures from the Statistical Service, recording 2.44% compared with a rise of 2.40% in March. Over the previous month, prices rose by 0.70% to 112.76. The Statistical Service said that this was mainly owing to increases in the prices of petroleum products, electricity and certain

Total registrations of motor vehicles decreased by 16.0% to 14,941 in January – April 2010, from 17,779 in January – April 2009, according to the latest figures from the Statistical Service. Private saloon car registrations fell to 10,882 from 13,276 in January – April 2009, recording a decrease of 18.0%.

The Cyprus tourist season at Easter was disastrous, according to the latest figures from the Statistical Service, with arrivals dropping by 23% over the year earlier to 139,658 in April 2010 compared with 181,395 in April 2009, after an encouraging rise of 14.8% in March. No official figures have been released on the number of

Big oil goes under the spotlight on Tuesday when U.S. lawmakers grill top executives on a drilling rig explosion and oil spill that threatens an environmental catastrophe in the Gulf of Mexico. The hearings come during a desperate race against time to stem the oil gushing from a well ruptured after an explosion last month

British industrial output surged more than six times as fast as expected in March to record its strongest monthly expansion in almost eight years, official data showed on Tuesday. Industrial output rose 2.0 percent on the month in March, its fastest monthly pace since July 2002. On the year, output also rose 2.0 percent, the

Germany's opposition Social Democrats (SPD) said on Tuesday they had not decided whether to support a European rescue package for the euro, and warned the country could end up footing the entire cost of the bill. The package — 440 billion euros in guarantees from euro states plus 60 billion euros in a European stabilisation