U.S. Treasury Secretary Henry Paulson said on Friday that an economic stimulus program that will put $168 bln into consumers’ hands this year and next could help create hundreds of thousands of
British Airways cancelled a fifth of flights from its new $8.6 bln terminal at London‘s Heathrow airport on Friday as chaos from its shambolic opening spilled into a second day, according to
British retail sales steadied in March, a survey indicated on Thursday, defying expectations of a decline as the credit crisis feeds through to households. The Confederation of British Industry said its distributive
Bank of Cyprus Group announces that, following the appointment of Mr Charilaos Stavrakis as Minister of Finance of the Republic of Cyprus, the organizational structure of the Group’s Executive Management changes as
Cyprus tourism revenue rose by 5.2% over the same period of the previous year in January-February 2008, reaching EUR 75.9 mln, compared with EUR 72.2 mln in the first two months of
The hotel and restaurant sector accounts for almost 10% of the workforce, according to the annual Hotels and Restaurants Statistics report published by the Statistical Service Cystat for the year 2006. Employment
The Aaa-rated governments engulfed in the current financial crisis can successfully act as “anchors in the storm” for ailing financial institutions without risking a sudden massive ballooning in government debt that would
Shari’ah-compliant banking is a recent phenomenon in Africa, discovered by most Muslim Africans only over the past decade. Conservatively assuming that banking entrenchment in Africa represents an average 50% of the total
Motorola, Inc. is making it easier for businesses to get a complete, integrated mobile computing solution by making Good Mobile Messaging and Good Mobile Intranet available to more than 10,000 VARs worldwide
SMART Technologies has announced its continued leadership regarding the number of interactive whiteboards installed in education institutions around the world, according to Decision Tree Consulting (DTC), a UK research company that has
