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NICOSIA, Cyprus - Credit rating agency Standard & Poor's is more upbeat about Cyprus' public finances following a better-than-expected performance since the country's financial rescue a year ago.


STOCKHOLM - Swedish truck maker AB Volvo says strong first-quarter sales and cost cuts helped it return to profitability during the period.

In a statement, the Goteborg-based group said Friday it mad

BEIJING, China - Global stocks tumbled Friday after tensions over Ukraine mounted and Standard & Poor's cut Russia's credit rating, warning of capital flight and risks to investment due to the crisis.

VILNIUS, Lithuania - Later this year, a ship the size of an aircraft carrier will arrive at Lithuania's port of Klaipeda on the Baltic Sea.

MOSCOW - The Standard & Poor's credit agency on Friday cut Russia's credit rating for the first time in more than five years, raising the financial stakes flowing from the crisis in Ukraine as tension

BEIJING, China - The price of oil declined Friday after rising to near US$102 per barrel on worries about tensions in Ukraine.

Benchmark U.S.

STOCKHOLM - Swedish home appliance-maker Electrolux says the economic recovery in Europe helped the company's first-quarter net profit rise 19 per cent to 431 million kronor ($66 million) from 361 mil

WASHINGTON - Diners could soon see calorie counts on menus of chain restaurants.

But what about the roasted chicken sold at grocery stores, or the hot dogs convenience stores offer?

CAIRO - Egypt will try to save half the money it spends on wheat subsidies by issuing a new smart card system to ensure that the cheap bread goes to only the neediest.

Egypt is the world's largest im

AMSTERDAM - Royal KPN NV, the Dutch telecommunications company partly owned by Mexican billionaire Carlos Slim, says revenues fell in the first quarter and earnings dropped 98 per cent due to falling