Nokia has joined the WWF Climate Savers program with a pledge to build on its strong environmental record by improving energy efficiency and reducing carbon dioxide emissions across its business. The company is targeting a series of energy savings including halving the stand by energy used by its mobile phone chargers, using green electricity to

Iceland‘s Aaa ratings are at a crossroads, according to Moody’s Investors Service in a new special comment. The report does not announce any change in ratings. In Moody’s view, Iceland compares favorably to many other advanced industrial countries also rated Aaa, given its low government debt, consensus-based political system, and well-functioning institutions. However, the Icelandic

The Board of Directors of Laser Investments (LAS) decided to declare an interim dividend of 2 euro cents, which is payable either in cash or shares, after reporting a massive increase in 2007 profits to EUR 3 mln. Investors who purchase Laser shares until February 8 will be entitled to participate in the dividend, which

Cyprus Central Bank Governor Athanasios Orphanides said on Tuesday that the subprime crisis in the US market is not expected to have any serious impact on the Cypriot economy, while Finance Minister Michalis Sarris reiterated that he expects economic growth around 4.0% for 2008, compared to 4.4% for 2007.”We expect a slowdown in the Euroarea,

Industrial production in Cyprus continued its good pace in November, rising by 4.3% over November 2006, compared with an increase of 5.9% in October. Manufacturing rose by 4.1%, led by electrical and optical equipment (up 20%), chemicals and related (11.2%) and transport equipment (11.2%). Output in the comparatively smaller mining sector rose by 13.3%, while

But falls as a % of GDP   Tourism revenue in Cyprus rose higher than actual arrivals in 2007, increasing by 5.9% over the year earlier to CYP 1,085.7 mln (CYP 1.1 bln), according to the latest figures from the Statistical Service Cystat. In the same period tourism arrivals rose by only 0.6% to 2.41

By Mike Dolan and Ben Hirschler DAVOS, Switzerland, (Reuters) – To gauge the mood of this year’s annual gathering of government leaders and business chiefs, you could do worse than call up a chart of global stock markets over the past week. That picture of stock prices plummeting on the eve of the World Economic