Cypriot champions Anorthosis are just one game away from becoming the first Cypriot team to qualify for the UEFA Champions League group stage after beating 3-0 Greek champions Olympiacos CFP, Wednesday night, in Larnaca. In front of 10.000 spectators Anorthosis, a refugee club from Famagusta under Turkish occupation since 1974, opened the score in the
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Best Buy Co will likely gain market share from an agreement to sell Apple Inc's iPhone at its 970 U.S. stores, analysts said on Wednesday. The newly launched 3G iPhone, which lets users connect to the Web at high speeds, is expected to be one of the hottest gadgets for the holiday season. Best Buy
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The University of Toronto and IBM Corp are building Canada's most powerful supercomputer, a mammoth machine that will need its own building for storage and will be capable of performing 360 trillion calculations per second. It's expected the system will be among the top 20 fastest supercomputers in the world and the largest outside the
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Former Federal Reserve Chairman Alan Greenspan predicts U.S. house prices will begin to stabilize in the first half of next year, even as he faulted the government's rescue of mortgage market giants Fannie Mae and Freddie Mac, the Wall Street Journal reported on Thursday. "They should have wiped out the shareholders, nationalized the institutions with
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BMW will recall around 200,000 vehicles to remedy a possible defect that could keep the front passenger airbag from opening in a crash, the world's biggest premium carmaker said. "BMW announced a voluntary recall regarding the front passenger airbag seat sensor mat involving approximately 200,000 model year 2004-06 vehicles," a statement posted on its U.S.
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American Airlines, British Airways and Iberia are set to announce on Thursday they are applying for antitrust immunity from competition authorities in the United States and Europe in order to form a trans-Atlantic joint venture, the Financial Times reported in its online edition. If the application is approved, the alliance would share profits and revenues
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Oil rose above $116 a barrel on Thursday, boosting recently beaten-down commodity prices and stoking inflation fears, which hit shares in the financial sector. European equities were expected to open slightly higher, led by strength in mining and energy shares with investors also bracing for euro zone gross domestic product data due later. The popular
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Britain's largest mortgage lender HBOS Plc will cut up to 425 jobs and shut one of its five mortgage brands to new business as the group positions itself for a shrinking loan market and a drop in house prices. After a decade of booming values and cheap credit, Britain's housing market has seen a sharp
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Britain's leading share index rose over 1% early on Thursday as heavyweight commodity stocks tracked rising energy and metal prices, while British Land was the standout company to report numbers. At 0737 GMT the FTSE 100 was up 58.4 points, or 1.1% at 5,507.0 after falling 1.6% in the previous session. On the upside, oil
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The first phase of unloading water from tankers, from Greece, is expected to be completed on Thursday, with the arrival of the sixth ship in Cyprus. District Director of the Water Development Department Nicodemos Nicodemou said that five ships have already made two or three trips from Elefsina, in Greece, to Limassol, on Cyprus’ southern
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