March Networks, a leading provider of intelligent IP video and business analysis applications based in Ottawa, announced that it has entered into a definitive agreement to acquire Cieffe S.p.A. of Italy and its related company Insignis Technologies S.r.l. Cieffe, based in Milan, develops high performance IP video surveillance solutions used by enterprise-class organizations across Europe,

The decline in the credit quality of Western European issuers of debt eased in 2007 compared to 2006 despite rising borrowing costs, due largely to an unexpected rebound in the second quarter, mainly in the non-financial, speculative-grade sector, Moody’s Investors Service said in a new report. Overall credit quality did, however, remain in negative territory

Rarely has the global economy faced as high a level of “transition risk” in recent years as it does today, Moody’s Investors Service said in a new report. While the central scenario remains rather robust, the probability of a highly adverse outcome has increased somewhat, with a number of plausible stress scenarios meriting serious consideration.

Gameloft posted consolidated sales of €25.8 mln in the last quarter of 2007, up by 19% from the previous year. On a comparable exchange rate basis the fourth quarter growth would have reached 26%. Full year sales increased by 40% compared to 2006, reaching €96.1 mln, in line with the company’s guidance. Sales of downloadable

NEW YORK (Reuters) – MBIA Inc said on Thursday it would have the cash to meet commitments even after reporting a worse-than-expected loss, but rating agencies kept the pressure on the world’s largest bond insurer with a series of actions and warnings late in the day. U.S. bond insurers’ shares staged a comeback after MBIA

Nokia Siemens Networks has signed an agreement with Ubiquisys Ltd, developer of the ZoneGate intelligent 3G femtocell, to provide femtocell solutions that offer greatly improved 3G network coverage and quality of mobile services at home. Nokia Siemens Networks Femto Home Access Solution offers reliable indoor connections for voice and data calls, allowing mobile phone users

Historical figures revised up   New figures on the Cyprus labour force underline the importance of construction and real estate to employment growth in the past five years. While the fastest growing category of employment was in the sector of “private households with employed persons” (housemaids from Asia), which rose by 10.3% in 2003-07, the

Cyprus has the third best performance regarding unemployment, according to data by Eurostat, the Statistical Office of the European Communities. The unemployment in Cyprus reached 3,7% in December 2007. The euro area seasonally-adjusted unemployment rate stood at 7.2% in December 2007, unchanged compared with November. It was 7.8% in December 2006. The EU27 unemployment rate