Pegasus has signed initial letters of intent for the supply and sale of a minimum of 255 of its 2-seater PH200PJ helicopters over a four year period through partners covering Russia, the Commonwealth of Independent States and Brazil. The company has entered into a Letter of Intent with Gals Aero LLC, a general distributor of
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German telecom provider freenet AG is on course for growth in its core mobile telephony business. In the second quarter, the number of customers increased by 170,000 to 6 mln, a gain of 749,000 (14%) compared with the first half of 2007. Customer growth in the first half is reflected in the number of contract
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SAN FRANCISCO (Reuters) – Google Inc (GOOG.O) said it is offering an upgraded version of the hardware appliance its sells to companies and government organizations for Google-style Web search of office documents. The Web search leader said the latest version of the Google Search Appliance, a pizza-sized box that holds a self-contained search system for
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Freddie Mac on Wednesday posted its fourth straight quarterly loss as it braced for a prolonged housing crisis by setting aside twice as much money for bad loans and setting plans to slash its dividend by at least 80 percent. The worse-than-expected results come just three weeks after U.S. authorities orchestrated a sweeping effort to
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The government will submit to the House of Representatives a bill regarding the autonomy of the Fire Service. Minister of Justice and Public Order Kypros Chrysostomides said that the bill will be submitted in the Autumn for a debate and approval before the House. The Minister, who visited the headquarters of the Fire Service in
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By James Kilner A frothy cappuccino or fresh mozzarella salad is no longer enough. Russia's growing middle classes now want service with a smile. With much of Europe and North America saturated, the newly affluent among Russia's 143 million people are an attractive target for Western coffee shop chains eager for growth, and Starbucks and
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The International Monetary Fund cut its growth forecasts for the UK economy for this year and next but said soaring inflation meant the Bank of England had little room to cut rates. A report from the IMF predicted the UK economy would grow by 1.4 percent in 2008 and just 1.1 percent in 2009 —
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Oil steadied near $119 a barrel on Wednesday but not far off a three-month low hit due to concerns that demand will suffer from an economic slowdown, as the market awaited data expected to show a rise in U.S. crude inventories. An explosion on a key oil pipeline in eastern Turkey late on Tuesday provided
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A review of Gordon Brown’s rocky first year as PM British politics can be pretty obscure but sometimes it's worth taking stock to see what matters because the UK still punches above its weight internationally: this is a review of Gordon Brown's particularly rocky first year as Prime Minister, for the general reader overseas. _________________________________________________________________________
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LONDON, Aug 6 (Reuters) – World stocks edged higher on Wednesday after the Federal Reserve signalled it was in no rush to raise interest rates, while encouraging results from the financial sector and oil prices below $120 a barrel also helped. The U.S. central bank left rates steady as expected at 2.0 percent on Tuesday,
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