In its new credit analysis on the Republic of Azerbaijan, Moody's Investors Service said that the government's Ba1 long-term ratings for bonds and notes, with a stable outlook, reflect the country's vibrant oil-driven growth, the hefty surpluses in both its budget and current account, and its slight public-sector debt. Real economic growth has been above
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Aegon has finalized the acquisition of the Turkish life insurance and pension provider Ankara Emeklilik. The acquisition is part of a broader objective to expand Aegon's presence in Central & Eastern Europe. Aegon agreed to buy Ankara Emeklilik in February of this year. "In June, when we presented our new Group strategy, we said we
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The European Commission has proposed to establish a European Union-wide scheme to provide free fruit and vegetables to school children. European funds worth €90 mln every year would pay for the purchase and distribution of fresh fruit and vegetables to schools, and this money would be matched by national funds in those member states which
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Motorola Inc. has launched in China the latest members of its popular PDA series – the Ming A1600 and A1800 and the Moto A810. The highly-anticipated next generation Ming A1600 and A1800, both of which feature stand-alone GPS and a full-package of productivity and multimedia functions, along with the chic entry-level Moto A810 further expand
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Only 3% of people recycle their mobile phones despite the fact that most have old devices lying around at home that they no longer want, according to a global consumer survey released by Nokia. Three out of every four added that they don't even think about recycling their devices and nearly half were unaware that
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Worsening malnutrition and the threat of disease outbreaks are compounding Ethiopia's humanitarian crisis, the World Health Organization announced in Geneva, adding that it is working with the government of Ethiopia and health partners to support the 4.6 mln people needing urgent emergency food relief nationwide. The number of people needing food assistance is increasing markedly
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Cyprus’ main international airport at Larnaca, will, as of next week, have a bus service, linking it with the main towns. The decision was taken by the government to help locals and visitors travel cheaply to and from the airport. The cost of the bus service to the capital Nicosia, in the centre, will be
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The plenary of the House of Representatives adopted a law proposal for the extension, until the end of December 2008, of the compulsory dual display (in Cyprus pounds and euro) of goods and services prices. The proposal, submitted by Marinos Sizopoulos, member of the Cyprus Movement of Social Democrats EDEK, was adopted by 21 votes
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The dollar fell against the euro, dragged down by persistent worries over the health of U.S. financial sector, as shares and bonds of the country's two mortgage finance giants tumbled on capitalization fears. Investors were slightly reassured by comments by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson in testimony to Congress that
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Financial services contracting… By James Saft LONDON (Reuters) – Britain, one of the big winners from the free flow of capital and services globally in the last decade, is rapidly becoming one of globalisation's losers due to its reliance on property and finance. With financial services contracting and the international flow of capital that funded
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