LUKOIL acquires 8 Uzbek gas fields

Russian oil major LUKOIL (LKOH.MM) said on Friday it will acquire control of 8 gas fields in Uzbekistan with reserves of 100 billion cubic meters from another firm, SoyuzNefteGaz. “The planned production

Cyprus unemployed edge higher

The unemployed persons, registered at the District Labour Offices on the last day of January 2008, reached 13.571 persons compared to 12.788 persons in December 2007, an increase of 783 persons. The

Cyprus January inflation hits 4.3%

The Consumer Price Index for January 2008 decreased by 1,49 units or 1,38% to 106,58 units compared to 108,07 in December 2007, but was up at a record 4.3% Year-on-Year compared to

BoE cuts UK rates but warns on inflation

The Bank of England cut interest rates on Thursday in an attempt to shore up the British economy during the global credit squeeze, but policymakers are clearly concerned that inflation remains a

Ericsson launches platform for multimedia devices

Ericsson announced its U500 mobile platform, a next generation architecture with a triple processor solution and a powerful multimedia subsystem, enabling new multimedia functionality and advanced multitasking capabilities. The U500 will not