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The Bank of England reduced its benchmark interest rate for the first time in two years, saying inflation is likely to slow as higher credit costs hurt economic growth. The nine-member Monetary

Finance Minister Michalis Sarris has forecast that Cyprus will record budget surpluses of 0.5% in the next three years, perhaps even four, insisting that the surplus for 2007 will reach 1.5% of

Nokia announced that it has now completed its acquisition of Avvenu www.avvenu.com, initially announced on December 4. Avvenu is a company providing secure remote access and private sharing technology that allows users

Motorola, Inc. announced an agreement with long-standing customer Mobilink (an Orascom Telecom company) to deploy a WiMAX 802.16e-2005 access network for the operator in Pakistan. Under the terms of the agreement, Motorola

Microsoft Gulf has announced that it has recently conducted an anti-piracy raid on an IT reseller in Dubai. The raid followed complaints about the IT reseller by Microsoft Gulf for loading unlicensed

Ericsson has been selected by leading operator 3 to develop and host its award-winning mobile music service, 3Music, in Sweden and Denmark. Under the agreement Ericsson will have end-to-end responsibility for 3’s

The overall performance of UK credit cards was steady in September, helped by the benign economic environment, Moody’s Investors Service said in its UK Credit Cards index. Delinquencies improved during September, with