Panda Software has launched its Vista-compatible version of Panda Internet Security 2007 with a new local backup copy feature. The new function lets users make backup copies of the entire content of the hard disk or of selected files and folders. This flexible system can be configured through a simple console.  Users can select the

Ericsson has delivered its millionth GSM base station marking a milestone for the GSM technology that, since its introduction in 1991, has connected more than 2.3 bln users. Today, Ericsson has deployed GSM networks in more than 100 countries. The mlnth GSM base station was delivered to the mobile operator MTN Nigeria. Since delivering its

Panasonic has announced the Middle East launch of two high definition video cameras – the HDC-SD1 and HDC-DX1. The new cameras record detailed high-definition images and clear, high quality sound that make for exceptional viewing on today’s most advanced home theatres. The HDC-SD1 records on SDHC memory cards. This compact model debuts as the world’s

The FOMC statement provided no surprises, with the Fed pointing out that economic growth had “slowed in the first part of this year” while signalling that its predominant concern was the risk that inflation would fail to moderate as expected. The USD rallied modestly on the back of the release owing to market positioning, but

Demetra Investments (DEM), Cyprus’ largest investment company with over EUR 250 mln in assets has entered the FTSE/CySE20 index with a ratio of 1, the highest until recently enjoyed only by Bank of Cyprus. The evaluation committee reached the decision after a review of the performance from October 4 until March 30, 2007. Options Cassoulides

Louis Pcl announced the chartering of cruise ship M/V Ruby (ex M/V Ocean Countess) as of 28 May 2007 up to 29 October 2007 and will replace M/V Oceanic II on 28 May 2007. The new vessel will be sailing out of Piraeus for 3-day and 4-day cruises to the Greek islands. The new vessel

The management of A. Zorbas & Sons (ZRP) issued a negative profit warning with respect to its first quarter results compared to its performance a year ago in the same period, blaming the hit on increased costs related with the operations of a section in the new production unit in early 2007 (higher unit production

Residential house prices in Cyprus rose by 1.1% over the previous month in April, according to the BuySell Home Price Index, as the index reached 122.44 and brought the average home price in Cyprus to CYP 95,394 (EUR 196,680). Compared with the same month of 2006, prices rose by 9.6% in April, slightly lower than

But will there be a political one?   Cyprus appears to have passed the final Maastricht test in what could be the last inflation report before the country’s European partners consider whether Cyprus has met all the Maastricht criteria for adopting the euro. The EU-harmonised consumer price index in April rose by 1.6% compared with

SFS Group Public Company Limited announced the establishment of the subsidiary company Gulflink International Securities Limited in Dubai International Financial Centre («DIFC») in United Arabic Emirates, on May 8, 2007.Gulflink is 100% subsidiary, with initial issued capital of $250.000 and it has ensured authorisation from the competent authority, Dubai Financial Services Authority (“DFSA”) for the