Thousands of farmers demanding compensation for low prices blocked highways across Greece for a ninth day on Tuesday, hampering the transport of medicine and keeping the Bulgarian border shut despite protests from Sofia. Business leaders said the roadblocks were worsening the impact of an economic slowdown in Greece, which fuelled the worst riots in decades
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The Lord Mayor of the City of London the Rt. Honourable Alderman Ian Luder discussed in Nicosia issues of further strengthening the commercial and economic ties between the UK and Cyprus, with emphasis on the help the UK can provide for large infrastructure projects, mainly in the public sector. Speaking after a meeting on Tuesday
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British retailers gave their gloomiest forecast on record on Tuesday when the Confederation of British Industry published its monthly survey, even though January sales were somewhat better than expected. The CBI's retail sales balance rose to -47 in January from the record low of -55 set in December, better than the -53 expected by analysts
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European shares fell by midday on Tuesday as investors took profits following Monday's gain of more than 3 percent, with energy stocks the biggest losers on the index. By 1136 GMT, the pan-European FTSEurofirst 300 index of top European shares was down 1.2 percent at 775.42 points after being as high as 788.34 points earlier.
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Business Secretary Peter Mandelson will announce on Tuesday a package of measures to help Britain's struggling car industry, Prime Minister Gordon Brown's spokesman said. The announcement, to be made to parliament after 1500 GMT, will outline ways "to ensure that we have the strongest possible car industry in the future", the spokesman said. "We will
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German business sentiment posted a surprise rise in January, a survey from Europe's biggest economy showed on Tuesday, offering a glimmer of optimism in a global crisis which prompted Japan to extend aid to small companies. Japan said it would offer a lifeline to the small- and medium-sized companies at the heart of the world's
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Caroline Flint, British Minister for Europe, has reiterated her country’s great interest in a viable and functional solution to the Cyprus issue, and stressed that the United Kingdom will do anything possible to assist efforts towards that direction, Cyprus House President Marios Garoyian has said. Speaking after a meeting in London on Monday with Flint,
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Britain's private sector pension schemes recorded a deficit of nearly 200 billion pounds at the end of last year, as the global financial crisis took its toll on the value of pension funds, official data showed on Tuesday. The Office for National Statistics said the funding position of defined benefit pension schemes showed a deficit
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Following are details of job cuts in excess of 2,000 announced by companies in non-financial sectors since the beginning of September: REGION – EUROPE COMPANY SECTOR NUMBERS DATE Renault Auto 6,000 Sept 09 Stora Enso Paper 3,150 Sept 10 Alitalia Airlines 3,000 Sept 15 Akzo Nobel Manufacturing 3,500 Sept 29 Daimler AG Auto 2,300 Oct
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Russia plans a 900 billion-rouble ($27.4 billion) capital injection for commercial banks hit by the economic crisis, with state-controlled lenders set to receive the largest share, government sources said on Tuesday. Sberbank, Russia's biggest lender, was likely to receive a 500 billion-rouble subordinated government loan, one source told Reuters, citing a decision taken at a
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