Meetic, the European leader in online dating, has signed an agreement for the acquisition of Neu.de, a major online dating player in Germany, and the Partner.de brand. This operation will be finalised in January 2008 for a sum of €25 mln, paid entirely in cash. Founded in 2002, Neu.de currently has 26,000 subscribers and is
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The European Commission has tabled its annual proposal on fishing for 2008 that takes into account the state of fish stocks received in October from the International Council for the Exploration of the Sea (ICES), the Commission’s own Scientific, Technical and Economic Committee on Fisheries (STECF), and input from stakeholders. The Commission views fisheries management
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The European Commission adopted the sixth update of the list of airlines banned in the European Union. With this update the Commission is lifting the ban imposed upon Blue Wing Airlines from Surinam together with the operating restrictions imposed on Pakistan International Airlines (PIA). Blue Wing Airlines and PIA have successfully completed the implementation of
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The European Commission has decided today to send reasoned opinions to Cyprus, Estonia, Finland, France, Luxembourg, Malta, Portugal and the United Kingdom for failure to adopt national legislation on penalties against those responsible for polluting discharges at sea. The Commission has decided to act against the eight Member States while they had not fully transposed
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The rating outlook on most EMEA telecom operators remains stable, but weak revenue growth and pricing pressure is likely to continue, Moody’s Investors Service said in two new Industry Outlooks. The Moody’s reports, entitled “EMEA Diversified Integrated Telecommunications Operators” and “EMEA Fixed-Line Network Operators”, note that the telecom market is highly competitive, with pricing pressure
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Groupe Outremer Telecom, the leading alternative telecom operator in French overseas departments, announced the opening of a new credit line, the purchasing of IRU for Caribbean submarine cables and the acquisition of sales outlets in the French West Indies and French Guiana. Groupe Outremer Telecom signed a €77 mln financing contract with BNP Paribas, Societe
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Dubai eGovernment won the ‘Best eGovernment Programme in the Middle East’ award during the inaugural Middle East Business Achievement Awards (MEBA Awards) at the Leaders in Dubai Summit held recently. The award is presented to a Middle East eGovernment department that has demonstrated excellence in the use of the internet, and communications and information technology
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The outlook on the Israeli banking system remains positive, reflecting the continued strong macroeconomic environment and the rated banks’ sound liquidity and retail funding profiles and improving risk management, Moody’s Investors Service said in its new Banking System Outlook for Israel. The outlook on the rated entities’ bank deposit ratings is also positive, reflecting the
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Bouygues Telecom has chosen a new solution from Nokia Siemens Networks to improve indoor GSM mobile network coverage for its customers. The innovative solution, featuring small-sized base stations, allows improving and extending coverage for instance in high office buildings, underground industrial areas or hotspots. With this cost-effective solution, Bouygues Telecom, aiming to become the preferred
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 By Rodian Rahnayev Finotec Analysis Team 28 November 2007    EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.50101.50001.4965 110.50110.00109.15 2.08052.07652.0735 1.11151.10901.1070 Support 1.48051.47751.4690 108.40107.55107.20 2.06402.06002.0585 1.10001.09551.0890 U.S dollar took back the losses and straightened against the major currencies after yesterday news that Citigroup Inc. would sell a $7.5 billion stake to the Abu Dhabi
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