A new technology that essentially allows content owners to profit from piracy will get a high-profile test this month from MySpace and MTV Networks. Instead of triggering the usual take-down notices, copyright-infringing footage of select MTV Networks programing uploaded by MySpace subscribers would be automatically redistributed with advertisements that would generate revenue for the companies.
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Shoppers who crave electronics goodies, but are increasingly short on cash, may sacrifice a gym membership or movie popcorn just to get a new gadget like the "Google phone" this holiday season. Tightened U.S. household budgets in the face of a recession means holiday spending plans for electronics are at their lowest level since the
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Google Inc may decide to scrap its proposed partnership with Yahoo Inc rather than accept government-imposed antitrust restrictions on it, according to two sources familiar with the companies' discussions. "Are they more serious about walking away? Yes. Have they decided? I'm not sure," one source told Reuters on Friday. "Yahoo wants the deal, and they're
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The leaders of the two communities in Cyprus, President of the Republic Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, are meeting on Monday, in the UN protected area, in the framework of direct negotiations to solve the Cyprus problem. During their last meeting on October 22, the leaders continued their discussions on power-sharing
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Bank of Cyprus announced the successfully completed acquisition of an 80% interest in Uniastrum Bank in Russia for a total consideration of US$576 mln (€447mln). The acquisition represents the largest investment into the Russian banking sector by a financial institution operating in either Greece or Cyprus. The transaction was completed following the receipt of approvals
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President of the House of Representatives and President of the Democratic Party (DIKO) Marios Garoyian believes the Greek Cypriot side should move in a preemptive manner so that, in the event efforts to reach a settlement of the Cyprus problem fail, it is clear which side is responsible, and furthermore prevent efforts to upgrade the
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According to Eurostat, the Statistical Service of the European Communities, the unemployment rate in Cyprus in September (3.8%) recorded a slight increase in comparison to August (3.7%). Cyprus recorded the fourth best performance in the EU area. Unemployment rate among women in Cyprus was 4.6% in September (Eurozone 8.2%) and among men 3.2% (Eurozone 6.9%).
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European shares rose early on Monday to track gains on Wall Street and in Asia as investors hoped recent worldwide steps to stem the financial crisis and likely rate cuts in Europe this week would calm market nerves. At 0816 GMT the pan-European FTSEurofirst 300 index was 0.5 percent higher at 933.05 points. Defensive stocks
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The industrial output prices index for September 2008 reached 145.2 units (base 2000=100), recording an increase of 1.8% compared to August 2008. For the period January-September 2008, the index increased by 10.3% compared to the period January-September 2007. For manufacturing, the index for September 2008 reached 139.3, recording an increase of 0.4% compared to August
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Weak sterling took its toll on tourism revenues in Cyprus as revenue dropped by 5.9% compared with the same month of the previous year in September, reaching EUR 247.4 mln, compared with EUR 263.0 mln in September 2007. Tourism arrivals in the same month fell by 3.2%. British tourists make up more than half of
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