Sterling hit a 14-year high against the dollar on Tuesday, following highs hit against the Japanese yen and euro as investors chased the pound’s yield appeal. Sterling hit $1.9859 — its highest since late September 1992. “Interest rate spreads are one of the key drivers on the back of a tighening bias from the (Bank

Bank of Cyprus Public Company Ltd announced that on January 25, 2007, the CSE and the ATHEX will allow the listing of 770.840 new ordinary shares of the Bank resulting from the recent increase in the share capital by CYP385.420,00 (EUR666.586). The new shares to be introduced have resulted from the exercise of 770.840 Share

The European Commission has noted that Cyprus is conducting a sound fiscal policy and is making good progress towards its medium-term objective, but is in need of further reform in the areas of pensions and health care to deal with a budgetary impact from ageing that is among the highest in the EU. “Cyprus is

Panda Software’s TruPrevent Tecnologies have detected and blocked the Alanchum.NX Trojan and all of its variants with no need to have identified them previously. As a result, users of these technologies have been protected against these threats since they emerged. The different variants of Alanchum are spreading in several waves of spam with a large

Business Software Alliance (BSA), the international association established by the software industry to promote a safe and legal digital world, has initiated a fresh awareness and educational campaign jointly with regional authorities, stepping up its efforts to reduce software piracy in the Middle East. The campaign involves holding a series of training programmes, seminars and

Logitech, the world’s leading manufacturer of personal peripherals, has launched the new Wireless DJ Music System to capture a larger chunk of the Middle East region’s US$ 58 mln digital music industry. The company has also launched the Z-10 Interactive 2.0 Speaker System, while all the products are expected to hit the shelves of the

Ericsson and The Orchard announced a global agreement to distribute full track downloads and master tones from independent labels across Ericsson’s global network. The agreement, announced at the MIDEM global music conference, covers all major territories outside the U.S. The Orchard is the world’s leading digital distributor and marketer of independent music, with a catalogue of