Nascent recovery in specialist food stores  The index of retail trade turnover in Cyprus fell by 0.2% over the previous month in November 2007 according to provisional data, but rose by 11.9% over November 2006. For the period January-November 2007 the index is provisionally estimated to have increased by 7.9% compared to the corresponding
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PARIS (Reuters) – Societe Generale came under mounting pressure on Friday to give a full account of how a rogue trader managed to dupe his supervisors and run up a $7 bln loss. In a sign that the French government was exasperated by the scandal, Prime Minister Francois Fillon openly criticised the bank for not
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With Italian Prime Minister Romano Prodi forced to resign after losing his parliamentary majority, President Giorgio Napolitano must decide whether to call a snap election or try to install an interim government, Reuters reported Friday. Napolitano would prefer to have an interim administration to reform the electoral system before holding a vote, in order to
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BRUSSELS (Reuters) – The European Union is considering signing an interim pact on trade and cooperation with Serbia before a Feb. 3 presidential election to try to boost the pro-European incumbent, diplomats said on Friday. The interim agreement would normally enter into force only when the EU signs a Stabilisation and Association Agreement (SAA) with
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LONDON (Reuters) – Oil soared above $90 a barrel on Friday, lifted by a broader stock market rally as the United States confirmed an economic stimulus plan to ward off a recession in the world’s top energy consumer. U.S. crude rose $1.40 to $90.82 a barrel by 1430 GMT, after jumping nearly 3% on Thursday
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Nokia has unveiled its latest addition to the Prism Collection, the 7900 Crystal Prism, aimed at design-conscious consumers. With its seamless diamond-cut design with a crystal centre key, it continues to highlight the geometric shapes and personalized style of the Prism Collection and will be available in the first quarter of 2008 with an estimated
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Ericsson has signed a frame agreement with leading Swiss operator Swisscom to expand and upgrade its WCDMA/HSPA network to enable high-speed mobile broadband coverage across 90% of Switzerland. As key supplier to Swisscom, Ericsson will provide an HSPA (High-Speed Packet Access) solution that will upgrade the operator’s network to enable peak speeds of up to
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SEATTLE (Reuters) – Dell Inc and Microsoft Corp are teaming up to release a Product Red computer, donating up to $80 for every one sold to fund AIDS-fighting drugs in Africa. Dell will start selling two (Red) laptops and one desktop running Microsoft Windows Vista on Friday. The two companies will donate $50 for a
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— Overall gain reaches EUR 99 mln  The 19 Approved Investment Companies listed on the Cyprus Stock Exchange lost EUR 16.33 mln in the fourth quarter of last year, which reduced their positive performance for the whole year to EUR 99 mln and left them trailing badly behind the CSE General index performance. The
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A. Panayides Contracting Pcl (APC) and TerraKapital, a Cyprus-registered private property investment company, have signed a EUR 9 mln land deal, where they will jointly develop the “Paradise Gardens†a residential project of 120 villas and 150 apartments, in Corbeanca, one of the fastest growing suburbs in north Bucharest. Just 6.5 kms from Bucharest International
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