SFS Group Plc (SFS.CY) announced that following the acquisition of 90.07% of White Knight Holdings Public Company Ltd (WKH.CY) share capital, the Company has decided to proceed with a squeeze out (within 3 months) so as to acquire 100% of WKH’s share capital. SFS also announced that the Chairman and CEO of SFS Christodoulos Ellinas,
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A water pipeline is being planned to link Turkey with drought-hit northern Cyprus in a bid to ease a critical water shortage on the Mediterranean island, an official said on Thursday. The Turkish Cypriot administration in the north of the island believes a 60 km (37 mile) pipeline running between southern Turkey and northern Cyprus
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Thousands of people suspected of sharing music, films and games over the Internet will be pursued through the courts for damages, lawyers for entertainment companies said on Wednesday. London-based law firm Davenport Lyons said it would apply to the High Court to force Internet service providers to release the names and addresses of 7,000 suspected
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SAN FRANCISCO (Reuters) – After years of false starts aimed at bringing the Web to TV sets, Yahoo Inc said on Wednesday it is working with Intel Corp to create Web computer channels that run alongside TV shows. The Web company and world's largest chipmaker are working on what they call the "Widget Channel," which
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Stocks were little changed on Wednesday as rising oil prices and nagging concerns about the credit crisis offset a strong outlook and profit from Hewlett-Packard, the world's largest computer maker. Shares of Fannie Mae and Freddie Mac fell to the lowest levels in more than 17 years as concerns mounted that the U.S. housing finance
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Shares of Fannie Mae and Freddie Mac dove to their lowest levels in more than 18 years on mounting fears of a government bailout that would wipe out shareholders of the two U.S. housing finance giants. Freddie Mac executives are due to meet Treasury officials on Wednesday, possibly to get clarity about how the government
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Cypriot Olympic athletes George Achilleos and Kyriacos Ioannou returned to Cyprus from Beijing, where they had participated in the Olympic Games. George Achilleos, who secured the fifth position in shooting skeet, said he was very pleased with the result, adding that his childhood dream was to become an Olympic winner and that he believed he
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The solution of the Cyprus problem should serve the interests of the people of Cyprus and not Turkey’s interests, Cypriot Foreign Minister Markos Kyprianou stressed here today. Addressing overseas Cypriots on recent developments, the Foreign Minister said that although not much progress has been achieved at preparatory talks between teams of experts from the Greek
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Oil and commodities rebounded on Wednesday, helping world stocks climb after hitting their lowest level in almost two years the previous day, while the dollar rose close to this week's seven-month high. Rising resource stocks helped European shares defy Tuesday's fall on Wall Street, where fears over the future of top U.S. mortgage firms Fannie
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Oil prices fell below $115 on Wednesday, pressured by signs of a slowdown in demand from Asia and the restart of BP's oil pipeline to a key export port in Turkey after a fire earlier this month. BP Plc said on Wednesday that testing of the Baku-Tbilisi-Ceyhan oil pipeline would begin, ahead of a move
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