TEHRAN - An Iranian semiofficial news agency says Tehran is considering extending an oil embargo on France and Britain to other European countries.

The Monday report by Mehr quoted head of the National Iranian Oil Company Ahmad Qalehbani as saying that Tehran may stop crude exports...

 LONDON — Some present and past executives of part-nationalized Lloyds Banking Group stand to have some of their past bonuses taken away as the bank tries to clean up its image and finances, news reports said Monday.

The Daily Telegraph newspaper said more than 1 million pounds...

 FRANKFURT— A strike by ground workers at Frankfurt airport will be extended through to the middle of the week, union officials said as another 231 flights, primarily operated by national carrier Lufthansa, were canceled on Monday.

Representatives of the air traffic controllers'...

ATHENS — Prime Minister Lucas Papademos unexpectedly headed Sunday to Brussels a day ahead of a crucial Eurozone finance ministers' meeting to discuss a €130 billion bailout necessary to keep Greece from going bankrupt.
The leaders of Germany, Italy and Greece have said they are optimistic...

NICOSIA -  The rate of inflation for January 2012 dropped to 3.1% compared to 4.2% in December 2011 and increased compared to 3.0% in January 2011, according to the Cyprus Statistical Service.
The inflation recorded in January is the lowest in the last three months.
The greatest...

NICOSIA – Governor of the Central Bank of Cyprus Athanasios Orphanides has said that the trust which the Eurozone had enjoyed in the past is now severely damaged due to the fact that cooperation and solidarity among its member states has been collapsing over the past two years. Addressing on...

 LONDON — The 17-nation eurozone has one foot in recession, according to official figures showing the economy contracted 0.3 percent in the final three months of 2011 from the previous quarter, a clear sign that Europe's debt crisis has spared no country in the single currency bloc.
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 NICOSIA - The Cypriot economy has a lot of prospects to recover, especially after the findings of hydrocarbon reserves in the island’s Exclusive Economic Zone (EEZ), Cypriot Nobel Prize winner, Christopher Pissarides has said.

Addressing Wednesday an event organised in his...

 MILAN — Preliminary figures from Italy's national statistical agency confirm that the eurozone's third-largest economy has slid into recession.

ISTAT said Wednesday that the Italian economy contracted a quarterly rate of 0.7 percent in the last three months of 2011 — that's the...

 WASHINGTON — President Barack Obama's election-year budget plan is already being attacked by Republicans in Congress — even before they receive it.

Obama's budget aims to achieve $4 trillion in deficit reduction over the next decade by restraining government spending and...