Nokia Oyj on Tuesday unveiled seven new phones as well as Internet services to shore up its position in emerging markets. The new phones will include the Nokia 1202, a follow-up to Nokia's top-selling model 1200, which will sell for around 25 euros ($32.2) and two models with e-mail support priced at 40 euros. Emerging
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Comedy spoofs by Tina Fey and Stephen Colbert have made the U.S. presidential race a made-for-television event, but on Tuesday many voters will turn to the Internet to watch election night coverage. Major media organizations expect record-breaking traffic on their websites as they follow results in the race between Republican John McCain and his Democratic
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The government of the Republic of Cyprus has placed the issue of drugs as its top priority since March 2008, said on Monday President Demetris Christofias, addressing the 51st International Council of Alcohol & Addictions (ICAA) International Conference on Dependencies which is taking place in the coastal town of Limassol, Cyprus, under the overall theme
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Australia slashed interest rates on Tuesday, presaging cuts expected in Europe later this week in the face of mounting evidence that the global financial crisis has already pushed much of the world into a damaging recession. The larger-than-expected 75 basis point cut by the Reserve Bank of Australia followed rate cuts in the United States,
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Fitch downgraded the Bank of Cyprus (BOCY) long term issuer default credit rating estimating that the acquisition of Uniastrum Bank in Russia increases the risks of the Group. According to Fitch, the downgrade reflects the strategy of rapid growth of BOCY in recent years including the acquisition of Uniastrum which differentiates the risk profile of
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Japan's Nikkei index rose nearly 6 percent on Tuesday, playing catch-up after a holiday, but other stock gains were tame after reports pointed to a shrivelling U.S. economy ahead of the presidential election. Major European share indexes were expected to open little changed, according to financial bookmakers, as investors digested the latest batch of weakening
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President of the Republic of Cyprus Demetris Christofias said here Monday he will announce whether or not progress in the direct talks for a Cyprus settlement has been achieved only when he deems the time has come. Speaking to reporters at the Presidential Palace after his sixth meeting with Turkish Cypriot leader Mehmet Ali Talat
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Cyprus Minister of Justice and Public Order Kypros Chrysostomides said that the Euro, the common currency of the 15 countries comprising the Euroarea, should be protected from counterfeiting at all cost. ''We must protect it at all cost because it is the common weapon for the protection of the European economy and at the same
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Cyprus and Greece have signed a Memorandum of Cooperation in the fields of employment and social insurance. The MoC was signed here Monday by Cypriot Minister of Labor and Social Insurance Sotiroula Charalambous and Greek Minister for Employment and Social Protection Fani Palli Petralia, who is currently in Cyprus for a two – day visit.
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By Emily Kaiser (Reuters) Starbucks is starting to sell more coffee. Companies are once again finding buyers for their short-term debt. Money is beginning to flow back into emerging markets. Maybe this is not the second Great Depression after all. While there is no doubt the global economy is hurting — perhaps sliding into the
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