In the US, the recent deterioration of economic data suggests that the economy is heading to a full-fledged recession with a probability of 60%- 80%, depending on how deep the housing downturn will prove over the coming months, note Eurobank economists in the latest edition of Eurobank Research, Global Economic & Market Outlook. “We feel
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The World Health Organization (WHO) has expressed concern for the health of the people who have fled their homes in the midst of the conflict in Kenya‘s Rift Valley, and who are now sheltering around Nairobi, Eldoret, Nakuru and Naivasha. Since the unrest began at the end of December 2007, more than 800 people have
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Motorola, Inc. announced a new series of Talkabout two-way radios featuring five game call tones and the Realtree all-purpose APG camouflage pattern. The new T9650R Camouflage series of two-way radios are specifically designed for hunters with convenient new feature sets and accessories to provide a compact communication solution for any hunting adventure. “Reliable communication tools
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Western Digital Corp. reported revenue of $2.2 bln, comprised of $2.084 bln of hard drive revenue and $120 mln of revenue from media and substrate sales for the second fiscal quarter ending Dec. 28, 2007. Hard drive revenue grew by 46% over the prior-year comparative period on shipments of approximately 34.2 mln units, a year-over-year
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Ericsson and Lenovo, the world’s third largest PC maker, will provide mobile broadband modules based on HSPA – the world’s most widely commercially deployed technology for mobile broadband. Select Lenovo ThinkPad notebooks will include mobile broadband modules beginning in 2008. HSPA provides a DSL-like experience wirelessly and is currently capable of peak download rates of
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Police used teargas to disperse rowdy soccer fans after disturbances at a first division fixture in Cyprus on Saturday. The game between Apollon Limassol and APOEL Nicosia in the coastal city of Limassol was suspended after a disputed penalty was awarded to the visitors in extra time. Apollon players surrounded the referee who has subsequently
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NICOSIA (Reuters) – Nine British soldiers stationed in Cyprus were charged on Sunday after a drunken brawl at a popular holiday resort on the island, police said. The soldiers, who were not identified, were charged with causing grievous bodily harm, material damage and a public disturbance, police said. The brawl with local Greek Cypriots on
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LONDON (Reuters) – World stocks hit 2-1/2 week high on Monday and emerging market assets rallied as last week’s news of major company deals eased concerns that the credit crisis might be hurting corporate and economic activity. Optimism has grown since Friday’s news that China teamed up with U.S. aluminium producer Alcoa to buy a
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PARIS (Reuters) – European shares rose in early trade on Monday, adding to the previous session’s strong gains as merger and acquisition fever propelled basic resources stocks higher. Shares in Ryanair tumbled 14% after the airline posted a sharper-than-expected fall in quarterly net profit and warned that high oil prices, an economic slowdown in the
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Millions remained stranded in China on Monday ahead of the biggest holiday of the year as parts of the country suffered their coldest winter in a century. Freezing weather has killed scores of people and left travellers stranded before the Lunar New Year, or Spring Festival — the only opportunity many people have to take
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