Nokia unveiled on Thursday three new cellphone models, including the successor to its slim hit model Nokia 6300, as the world's top handset vendor pushes to win a larger share of a shrinking market. Cellphone sales will dive this year, hit by consumers' reluctance to spend on new gadgets in the midst of the economic
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Google Inc on Wednesday unveiled a plan aimed at eventually letting computer users determine whether providers like Comcast Corp are inappropriately blocking or slowing their work online. The scheme is the latest bid in the debate over network neutrality, which pits content companies like Google against some Internet service providers. The ISPs say they need
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Sony Corp fell into the red in the latest quarter and reiterated its forecast for a record annual loss due to sliding demand and a stronger yen, while rival Nintendo Co cut its full-year outlook for the second time in three months. Nintendo posted a 21 percent rise in operating profit for the October-December quarter,
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U.S. President Barack Obama's $825 billion stimulus plan cleared its first Congressional hurdle as the Federal Reserve eyed more extreme measures to ease credit market strains, boosting Asian stocks despite deep skepticism that a global slowdown can be reversed quickly. Signs of corporate distress were still obvious regardless of the passage of Obama's bill through
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Pays d’Oc is world’s biggest producing It took a long time for the French wine industry to wake up to the fact that there were winemakers in countries other than France who could make good wine. The writing was on the wall in the 1970s when California wines beat the best French in blind tastings.
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Better than spending on marble palaces Finance Minister Charilaos Stavrakis insists that by accelerating the implementation of a number of projects in the Development Budget, exclusively related to construction of new roads, motorways, marinas and some work at schools, Cyprus will register a 2% GDP growth rate in 2009. The 10% acceleration of the state
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Europe’s IPO markets suffered a dismal fourth quarter in 2008, with both value and volume falling markedly from an already poor third quarter, as stock exchanges continued to suffer from the worldwide loss of confidence in the capital markets and global economic crisis. The latest IPO Watch Europe, the PricewaterhouseCoopers survey tracking the volume and
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A lot has been said about the new U.S. administration’s commitment and the Democrats’ willingness towards helping find a swift and fair solution to the Cyprus problem. However, the responses Acting Spokesman Robert Wood gave to journalists during Monday’s press briefing at the State Dept. in Washington, DC, could only be described as “mixed signals”.
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The state Ports Authority has secured parliamentary approval for an additional 650,000 euros to its budget to pay for overtime work at Limassol port due to dredging work and an increase in container movement. MPs told the Authority that it must contain its costs and reduce bureaucracy at this service that enjoyed a higher revenue
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The Cyprus Shipping Chamber is organising a gala dinner on Thursday, January 29, at the Hilton Park Hotel, in Nicosia to celebrate its 20th anniversary. A short presentation will be made on the Chamber’s longstanding work and the multi-facet activities for the promotion of the Cyprus shipping sector. President Demetris Christofias, House of Representatives President
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