As expected, the Bank of England raised its base rate to 5.5%, as economic growth remained firm and inflation risks tilted to the upside. Even though annual inflation (CPI) fell to 2.8% in April, down from March’s 3.1%, the Bank’s tightening bias has been justified by the quarterly inflation report, which sees inflation coming in
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UBS analyst Thomas Flury has changed his three-month forecast for EURUSD from 1.36 to 1.38. EURUSD has risen nicely to the level of our old forecast and is now consolidating after the impressive rally. Here, the strongest support is at 1.3380. Nevertheless, European data are continuing to deliver positive surprises, giving the ECB more leeway
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Cyprus and India signed three agreements, aiming to further develop bilateral relations between the two states. The agreements were signed after talks between the Foreign Minister of Cyprus Υiorgos Lillikas and the Minister of External Affairs of India Pranab Mukherjee, which were also attended by Minister of Commerce, Industry and Tourism Antonis Michaelides.The first agreement
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Microsoft Corporation, a member of the Business Software Alliance (BSA), reached an out-of-court settlement with Sun Rose Computer LLC, a Dubai-based computer importer and distributor, after authorities seized illegal software from the store following a recent raid. The raid, conducted in coordination with the UAE Government followed an official complaint by Microsoft. “The settlement is
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Western Digital Corp. is now shipping its 250 GB WD Scorpio 2.5-inch Serial ATA (SATA) hard drives that employ perpendicular magnetic recording (PMR) technology to achieve the highest capacity available in a small form factor drive that make the drive quiet, use less power and run at cool operating temperatures. According to market research firm,
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Panasonic has announced the Middle East launch of a series of SD video cameras – SDR H250, SDR H21 & SDR H20 – that support SD/SDHC memory cards as a recording medium and incorporate a 30 GB hard disc drive (HDD), with a storage capacity that is approximately 22 times as large as that of
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Nokia Siemens Networks is integrating Next Generation Network technology in the network of Russia’s largest fixed-network operator. Moscow City Telephone Network (MGTS) is investing in new network technology so it can connect new phone lines and offer speeds of up to 25 megabits a second for Internet access. The existing infrastructure based on analog and
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The European Parliament, in its plenary session in Strasbourg, voted with a strong majority in favour of an EU Regulation to substantially reduce the charges for using mobile phones abroad. This EU Regulation, which the European Commission proposed on 12 July 2006, was broadly supported by representatives of the 27 EU member states last week.
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The introduction of the Trust Notebook Docking Station USB NB-8100p makes it possible to work more comfortably at home using a notebook. The docking station consists of an adjustable notebook stand with an integrated 6-port USB 2.0 hub. By placing a notebook in the stand and connecting the USB cable, an ergonomic workstation is created
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Cable & Wireless announced a four-year agreement with Virgin Media to become its exclusive unbundled local loop (LLU) network provider on a wholesale basis until 2011. With its extensive LLU footprint giving access to around 4 mln additional homes, Cable & Wireless will supply wholesale broadband services to support Virgin Media’s existing off net customers
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