The prospects of Poland’s economy in the Eurozone were examined on Wednesday by Cyprus Finance Minister Charilaos Stavrakis and Polish House President, Bronislaw Komorowski who is carrying out an official visit to Cyprus. In statements at the end of the meeting, the Cypriot Minister said that the Polish Speaker and delegation asked to be informed
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President of the Republic of Cyprus Demetris Christofias will hold a meeting with government officials to discuss the course of the economy and to review the measures that have been taken to tackle the economic crisis. Speaking at the Cyprus Chamber of Commerce and Industry annual general assembly, Christofias said that the meeting will examine
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U.S. government officials seeking to revamp the financial bailout have discussed spending another $1 trillion to $2 trillion to help restore banks to health, the Wall Street Journal said, citing people familiar with the matter. The paper said the Barack Obama administration could announce its plans within days but has not yet determined the final
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German unemployment rose by 56,000 on the month in January, its third straight rise and biggest increase in nearly four years, in a sign that Europe's largest economy is in deep recession with an election looming. The seasonally adjusted rise surpassed the consensus forecast for an increase of 30,000 on the month in a Reuters
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International bank lending decreased by its sharpest rate for at least 30 years in the third quarter of 2008 as the financial crisis restrained credit, the Bank for International Settlements said on Thursday. Credit supply was slightly higher after stripping out big currency fluctuations, however, mainly due to higher lending by banks' foreign offices. The
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Companies will have to wait seven days to sell payment protection insurance (PPI) to any customer who takes out a credit agreement from next year, Britain's competition watchdog said. The Competition Commission also said on Thursday it would ban single-premium PPI policies and require sellers to provide more information, in a bid to make consumers
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British house prices fell 1.3 percent in January, making the average home worth 16.6 percent less than a year earlier, the biggest annual fall on record, data from mortgage provider Nationwide showed on Thursday. The monthly decline followed a 2.5 percent drop in December and means house prices are now more than 18 percent below
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U.S. public radio stations are looking to thumb-sized, high-tech gadgets to help raise money and make it easier for on-the-go listeners to access their programing. A small device known as the Radio Bookmark allows listeners to electronically jot down specific news stories, talk-shows, music and other broadcasts for later review over the Internet. They can
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Sony Corp said on Thursday it sold 4.46 million units of its PlayStation 3 game console in October-December, down 9 percent from 4.9 million units a year earlier. Sony, locked in a three-way battle with Microsoft Corp and Nintendo Co Ltd in the videogame industry, sold 5.08 million units of its PlayStation Portable handheld machine
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Nokia unveiled on Thursday three new cellphone models, including the successor to its slim hit model Nokia 6300, as the world's top handset vendor pushes to win a larger share of a shrinking market. Cellphone sales will dive this year, hit by consumers' reluctance to spend on new gadgets in the midst of the economic
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