The European Commission has decided today to send reasoned opinions to Cyprus, Estonia, Finland, France, Luxembourg, Malta, Portugal and the United Kingdom for failure to adopt national legislation on penalties against those responsible for polluting discharges at sea. The Commission has decided to act against the eight Member States while they had not fully transposed
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The rating outlook on most EMEA telecom operators remains stable, but weak revenue growth and pricing pressure is likely to continue, Moody’s Investors Service said in two new Industry Outlooks. The Moody’s reports, entitled “EMEA Diversified Integrated Telecommunications Operators” and “EMEA Fixed-Line Network Operators”, note that the telecom market is highly competitive, with pricing pressure
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Groupe Outremer Telecom, the leading alternative telecom operator in French overseas departments, announced the opening of a new credit line, the purchasing of IRU for Caribbean submarine cables and the acquisition of sales outlets in the French West Indies and French Guiana. Groupe Outremer Telecom signed a €77 mln financing contract with BNP Paribas, Societe
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Dubai eGovernment won the ‘Best eGovernment Programme in the Middle East’ award during the inaugural Middle East Business Achievement Awards (MEBA Awards) at the Leaders in Dubai Summit held recently. The award is presented to a Middle East eGovernment department that has demonstrated excellence in the use of the internet, and communications and information technology
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The outlook on the Israeli banking system remains positive, reflecting the continued strong macroeconomic environment and the rated banks’ sound liquidity and retail funding profiles and improving risk management, Moody’s Investors Service said in its new Banking System Outlook for Israel. The outlook on the rated entities’ bank deposit ratings is also positive, reflecting the
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Bouygues Telecom has chosen a new solution from Nokia Siemens Networks to improve indoor GSM mobile network coverage for its customers. The innovative solution, featuring small-sized base stations, allows improving and extending coverage for instance in high office buildings, underground industrial areas or hotspots. With this cost-effective solution, Bouygues Telecom, aiming to become the preferred
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 By Rodian Rahnayev Finotec Analysis Team 28 November 2007    EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.50101.50001.4965 110.50110.00109.15 2.08052.07652.0735 1.11151.10901.1070 Support 1.48051.47751.4690 108.40107.55107.20 2.06402.06002.0585 1.10001.09551.0890 U.S dollar took back the losses and straightened against the major currencies after yesterday news that Citigroup Inc. would sell a $7.5 billion stake to the Abu Dhabi
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The Limassol cooperative movement celebrated the 65th anniversary of the town’s cooperative retail company, ESEL-SPOLP, and paid homage to the surviving founders at an event held at the Pattichion municipal theatre. After the screening of a short film that documented the history of the cooperative movement, Kyriakos Nicolaides, the General Manager of the enterprise took
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The University of Buckingham celebrated the return of its School of Law to the top 20 ranking in the UK national league tables. As Britain’s only independent and smallest mainstream university offering the pioneering two-year law degree, it has, for 15 years, been trying to fit within the framework of the league tables of excellence,
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Two central bankers, European Central Bank vice president Loucas Papademos and Cyprus Central Bank Governor Athanassios Orphanides, have rightly rung the warning bells saying that urgent measures need to be taken to maintain a healthy economy. Papademos has warned that unless the automatic wage indexation system (COLA) is abolished, we will be paying out of
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