Major Asian stock markets fell as much as 8 percent as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed to heavy selling in New York later on Tuesday. Industrial metals such as zinc and copper plunged and oil fell well below recent

European stocks were set to fall on Tuesday, adding to the previous session’s sharp declines, as an equities sell-off triggered by mounting fears of a U.S. recession continues to hammer stock markets worldwide. Japanese shares fell more than 5 percent to a 28-month low, while Australian stocks sank 7 percent and Indian shares pared losses

Nokia has unveiled the 2600 classic and the 1209, two mobile handsets that offer useful features, range of colors or exchangeable covers for consumers in emerging markets. The Nokia 2600 classic, which will retail for 65 euros before taxes or subsidies, has begun shipping, ramping up in all key markets during the first quarter of

Motorola, Inc. has signed a contract valued at $150 million with Etihad Etisalat (Mobily) to further expand the operator’s GSM coverage in the Northwest and Southwest regions of Saudi Arabia. Under the terms of this turnkey expansion contract, Motorola will deliver its GSM infrastructure solutions as well as comprehensive services, including network planning, optimization, operations

Avenir Telecom Group has signed an exclusive licence contract for the production and distribution of mobile telephone accessories under the trade name Lollipops in all of the countries of the European Union. Avenir Telecom has developed and marketed ranges of mobile phone accessories since 1997, as part of its global distribution business of mobile telephone

Record numbers of Britons are fleeing the country for more appealing climates, lower taxes, more affordable property and fewer traffic jams. According to “TimesOnline”, Cyprus tops the list of destinations because it has an income-tax rate of just 5% on pensions for retired residents, as well as low property prices and no inheritance tax. It

By Randy Fabi LONDON, Jan 22 (Reuters) – Oil fell by more than $4 on Tuesday to a new six-week low as global stock markets swooned on the growing prospect of a U.S.-led economic recession. U.S. crude fell as low as $86.11 a barrel, down $4.46 from Friday’s settlement price. By 0846 GMT, the front-month

European shares swung wildly in morning trade on Tuesday and traded 0.8 percent lower after turning briefly positive on market talk of central bank interest rate cuts. At 0914 GMT, the FTSEurofirst 300 index of top European shares was down 0.8 percent at 1,269.66 points, having fallen as much as 4.4 percent earlier in the

Copper pipe prices up 57.7%   The price index of construction materials rose by 5.34% in January-December 2007, according to the Statistical Service Cystat. For December 2007 alone the index reached 141.79 (base year 2000=100.00), recording a marginal decrease of 0.04% over the previous month. Cystat said that the rise of the index in 2007