Sony Corp has pulled the plug in Japan on sales of a next-generation flat TV due to sluggish demand, a setback for a product the company had trumpeted as a sign of its revival as an innovator. Sony said it had stopped production of ultra-thin TVs using organic light-emitting diode (OLED) technology for Japan, just
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The Cypriot economy shrank by 0.3 per cent in the fourth quarter of 2009, according to flash estimates released today by Eurostat. On an EU-wide basis, the GDP increased by 0.1%, the second consecutive GDP growth. However, the growth rate was smaller than that of the Q3, causing concern regarding the consistency of the recovery
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Euro zone states urged Greece on Monday to announce more deficit-control steps by mid-March if needed, but said nothing new of last week's pledge to defend the country if debt market pressures spin out of control. At talks among finance ministers, Greece asked the euro zone to bear with its fiscal plans as announced, and
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President Demetris Christofias presented the Employers and Industrialists Federation (OEV) annual Financial and Business Excellence awards on Monday. The Bank of Cyprus, a leading financial institution, was presented with the award for the best business in Cyprus. It was also presented with the award for best financial services company. Deloitte secured the award for best
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Members of the young shipping community in Cyprus as well as guests from Greece, Germany and the United Kingdom, gathered in Limassol recently for the first BIMCO39 day held at the Columbia Plaza, hosted in collaboration with the Cyprus Shipping Chamber. BIMCO39 is the Baltic International Maritime Council’s (BIMCO) platform for young shipping professionals under
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“Our thinking does not need to change, the world does!†Cyprus Tourism: Einstein Was Wrong! “Our thinking does not need to change, the world does!” BY DR. THEODORE PANAYOTOU Albert Einstein cautioned us that “we can’t solve our problems by using the same kind of thinking we used when we created them”. Time after time,
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. The Cyprus airports operator Hermes should be commended for its marketing approach to promote Cyprus products at its own shops within Larnaca and Paphos airports. The idea is to fill all the shelves with unique goods that would also double up as ideal souvenirs from the Island of Love, be they packed food or
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1 in 10 Europeans plan to change banking provider this year Banks need to win customer loyalty war 1 in 10 Europeans plan to change banking provider this year The financial crisis has caused customers to change their attitude towards their banks, according to new research from Ernst & Young. If they are not changing
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. When the Corporate Expectations Barometer was launched, it was anyone’s guess how an online survey of business perceptions would fare in predicting the future. The May 2009 baseline survey, conducted by the Economist Intelligence Unit and sponsored by SAP, showed that businesspeople were cautiously optimistic about the year ahead. Seven months later, it appears
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The Olympus Range This range of six wines is designed to provide simple, fresh, everyday drinking. All of them come in screw capped bottles. As I write, we are changing vintages from the 2008 wines to the 2009s. Dry White: this is usually made purely from Xynisteri although, early in the year, we may include
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