By Dr Alan Waring  Hardly a day goes by without another corruption scandal being reported somewhere. With such frequent media coverage, it is easy for the public to suffer from ‘attention fatigue’ and relegate the latest corruption exposé to the ‘just another bit of bad behaviour’ category. After all, the perpetrators are often remote
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Cyprus seems to be losing out in the international public relations game, with little it can do to effectively clamp down on the rise of illegal immigrants coming from Syria, shipped from Latakia to the Turkish-occupied port of Famagusta and then smuggled across the UN-patrolled Green Line. “What could Cyprus have done more?†one could
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Motorola, Inc. has shipped its 50 millionth SURFboard modem in a milestone that further strengthens its leadership in global modem deployments as well as retail cable modem shipments. “For the last decade, Motorola has brought its proven experience and expertise to help further the development of the DOCSIS(R) standards,” said Alan Lefkof, corporate vice president,
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In its annual report on the City of Athens, Moody’s Investors Service said the city’s A1 issuer rating, with stable outlook, reflects the Greek capital’s fast-growing economy, its satisfactory revenue profile, which features notable and growing own-source revenue streams, and its modest level of indebtedness — albeit set to rise in the following two years.
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Vodafone Germany is the first operator to put Ericsson’s new Base Transceiver Station (BTS) Power Savings feature in place, a commercially available service that reduces energy consumption in mobile networks and makes an important contribution to cutting carbon-dioxide emissions. During periods of low network traffic, the feature effectively puts those parts of the network that
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The outlook for Moody’s rated Pakistani banks is negative, reflecting the underlying risks faced by banks in the current, unfavourable political environment. The banking system should prove to be relatively resilient in the short term, but may be tested if the political unrest prevails over a longer period. “The operating environment remains somewhat challenging in
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One of just seven copies of a new work by JK Rowling, The Tales of Beedle the Bard, sold at Sotheby’s Thursday for an unprecedented GBP 1,950,000. Created, hand-written and illustrated by JK Rowling, the volume of previously untold stories attracted pre-sale interest from all corners of the world. Six bidders locked horns in a
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By Apostolis Zoupanioti United Nations, (CNA) – The draft text of a resolution, renewing UNFICYP’s mandate, includes positive wording which, according to diplomatic sources, weakens significantly negative references in the UN Secretary-General’s report on Cyprus and creates a positive precedent. The document was agreed on Wednesday evening by the five permanent members of the Security
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The European Union budget on 2008, approved yesterday by the European Parliament, includes 500.000 euro to fund a study on the situation of cultural heritage sites in the Turkish-occupied northern part of Cyprus, as well as the assessment of the restoration cost. This study, incorporated in the 2008 budget after an amendment by Cypriot MEP
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Moody’s Investors Service has downgraded the long-term ratings of Citigroup Inc. (senior to Aa3 from Aa2) and lowered the Bank Financial Strength Rating (BFSR) of Citibank, N.A. (Citibank) to B from A-. The rating on Citibank for long-term deposits and senior debt was lowered to Aa1 from Aaa, but the rating outlook remains ‘stable’. The
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