Cyprus Airways ends operations on EU rulingCyprus Airways is ending operations with immediate effect after the European Union ruled it had received illegal state aid, the government said on Friday. An administrator will be appointed for the airline and its operating licenc More… |
US banks lose billions as state aid pours inHours after taking $20 billion in new state cash, Bank of America and recent addition Merrill Lynch revealed they had lost almost as much last quarter, while Citigroup also made thumping losses. Bank of America lost $1.79 billion in the fo More… |