Ericsson unveiled its M700 mobile platform, the world’s first commercially available LTE-capable platform, with peak data rates of up to 100Mbps in the downlink and up to 50Mbps in the uplink. These speeds match, or in some cases surpass, fixed-line data rates, enabling a superior user experience, supporting advanced real-time mobile services such as online

Industrial production in Cyprus started the year on a strong note, rising by 4.8% in January 2008 compared with January 2007. The index was 108.1 in January 2008 and 103.1 in January 2007. The small sector of mining and quarrying recorded a strong increase of 17.3% over the year-earlier period. Electricity, gas and water production

The slowdown in the U.S. economy and its impact on BlackBerry sales will be among the top things to watch for when Research In Motion reports quarterly results this week. Aside from the usual focus on profits and subscriber additions, analysts want to know whether upheaval in the financial services industry is hurting sales of

UBS AG wrote down an additional $19 bln on U.S. real estate and related assets on Tuesday, causing a net loss of 12 bln Swiss francs ($12.03 bln) in the first quarter, and said it would seek 15 bln francs through a rights issue of shares. The moves, though expected, deal a new blow to

Microsoft Corp sees no reason to increase its bid for Yahoo Inc, two months after it made a $44.6 bln offer to buy the Internet company, people familiar with Microsoft’s plans said on Monday. “Why would Microsoft bid against themselves? The company sees no reason to bid against itself,” one of the people said. The

Lehman Brothers Holdings Inc, an investment bank beset by rumors of not having enough funding, said it plans to raise $3 bln of capital to quash questions about its stability. Lehman’s shares fell 2.8% to $36.60 in after-market trading after the planned convertible preferred share offer was announced, since it could result in more shares

European shares rose on Tuesday after UBS unveiled a fresh attempt to reverse its fortunes and writedowns that were along expected lines, sending its shares up 6 %. UBS posted $19 bln in additional writedowns and said it was hiving off ailing portions of the bank into a separate unit. The rally in its shares

The euro area seasonally-adjusted unemployment rate stood at 7.1% in February, unchanged compared with January. It was 7.6% in February 2007. The EU27 unemployment rate was 6.7% in February 2008, compared with 6.8% in January. It was 7.4% in February 2007. Unemployment in Cyprus dropped a point to 3.6% from 3.7% in January and 4.1%

Ericsson will conduct the world’s first demonstration of end-to-end HSPA Evolution technology with speeds of up to 42 Mbps at CTIA Wireless 2008, which is being held in Las Vegas from April 1 to 3. Speeds of up to 42 Mbps represent the next phase in HSPA Evolution. These speeds are achieved by combining new