Estonia has called on the European Union to make cyber attacks a criminal offence to stop Internet users from freezing public and private Web sites for political revenge. Estonian President Toomas Hendrik
Communist Cuba has authorized the unrestricted sale of computers and DVD and video players in the first sign that its new president, Raul Castro, is moving to improve Cubans’ access to consumer
JPMorgan Chase & Co set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the U.S. Federal Reserve expanded lending to securities firms for the first time since
The Federal Reserve unexpectedly lowered the discount rate it charges on direct loans to banks and announced a new facility through which it would lend to financial firms to borrow at the
Microsoft Gulf and the Qatar Ministry of Economy and Commerce have raided IT resellers that sold counterfeit Microsoft software in Qatar. In its capacity as a member of the Business Software Alliance
Cyprus is set to revise higher its inflation rate target while at the same time adjusting lower its GDP growth forecast if the global economic turmoil continues at the current pace and
Minister of Education and Culture Andreas Demetriou has said that the state Universities of Cyprus plan to introduce new admission standards for students of minority communities and Cypriot repatriates. Cyprus has three
The National Bank of Greece will be concentrating on the corporate sector to fuel its growth in the local market as opposed to expanding its retail branch network, its Chairman Takis Arapoglou
The European Commission adopted proposals for the amendment of the VAT Directive and the VAT Administrative Cooperation Regulation to speed up the collection and exchange of information on intra-Community transactions from 2010
The main impediment for Lebanese banks remains their high direct exposure to the risks inherent in operating in the Republic of Lebanon, Standard & Poor’s Ratings Services noted in a report titled
