Air France KLM is now the dedicated General Commercial Representative of Delta Air Lines in Cyprus. The move, effective from January 1, forms part of the ongoing progress of the comprehensive three-way joint venture agreement signed between the airlines on May 20, last year. Air France KLM will be responsible for all commercial activities relating

Oil steadied around $73 per barrel on Friday, consolidating after its biggest one-day fall since July, and as the dollar hit a seven-month high against a basket of currencies. Traders said the stronger dollar, which tends to move inversely to many commodities because they are priced in the U.S. currency, worries about the health of

British finance minister Alistair Darling welcomed the Bank of England's decision this week to halt its 200 billion pound ($314 billion) quantitative easing (QE) programme. "As far as the BoE's decision today (Thursday), what it voted to do was to pause in relation to QE and but it will keep the situation under review. I

The number of unemployed persons registered at the District Labour Offices on the last day of January 2010, reached 23,645 persons, according to the Statistical Service. Based on the seasonally adjusted data the number of registered unemployed reached 19,897 persons in January recording an increase of 1.3% compared to the previous month. However, the trend

The consumer price inflation rate rose for the third month in a row in January, reaching 2.4% over the year earlier, compared with 2.1% in December and 1.4% in November and three months of deflation prior to that. Compared with January 2009, the main increases were recorded in oil-related items, such as transport and housing,

U.S. employers unexpectedly cut 20,000 in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root. The Labor Department said the economy shed 150,000 jobs in December, compared to 85,000 previously reported, but

The euro and the stocks and bonds of debt-laden members of the currency bloc fell for a second straight day on Friday as fears over Portugal and other European sovereigns spread, pushing investors into safe havens. All eyes were on Lisbon, where parliament was due to vote on a regional financing bill markets see as

British manufacturers' raw material costs rose more than expected last month and at their sharpest annual rate since October 2008 as the cost of crude oil surged, official data showed on Friday. The Office for National Statistics said producer input prices jumped 2.0 percent on the month to take the annual rate of increase to