The Council of Ministers will assess in the coming weeks an evaluation report on applications by local colleges, seeking to be established as private universities.The Evaluation Committee of Private Universities (ECPU) of the Cypriot Ministry and Culture is expected to submit in early September its assessment report to Education Minister Akis Kleanthous.Kleanthous has told CNA

Aegon, one of the world’s largest life insurance and pension companies, and Merrill Lynch announced they will form a strategic business relationship in the areas of insurance and investment products. As part of this relationship, an Aegon company has signed an agreement to acquire Merrill Lynch Life Insurance Company and ML Life Insurance Company of

Fears of a global banking systemic crisis remain exaggerated, despite the most recent events, given that the ‘core’ of the system is still comfortably shock-resistant. However, the ongoing resilience of the system may remain more dependent on episodic liquidity assistance from central banks than originally thought, Moody’s Investors Service said in a new report entitled

Motorola, Inc. has completed the acquisition of privately-held Leapstone Systems, Inc., a communications software developer that provides a unified platform for rapidly creating, managing and delivering converged video, voice and data service bundles across multiple networks and devices. Leapstone flagship Communications Convergence Engine (CCE) product suite is a real-time service delivery platform that enables fixed

Ericsson and leading Pakistani operator Warid Telecommunications announced a new three-year managed services agreement that will deepen the existing strategic partnership between the two companies and marks Ericsson’s first multivendor deal in Pakistan. Under the agreement, Ericsson will provide a range of new services for Warid. The deal is an extension of an existing agreement

Nokia has launched a new 3G mobile phone that pairs original design and quality workmanship with outstanding features. The 6555 meets the desire for aesthetic appeal with an external analog clock echoing the timeless elegance of high-end luxury. It is the first WCDMA phone with a smooth-back fold design with recessed hinge creating a seamless