The dollar fell to a fresh low of $1.3799 against the euro following the surprise and unexpected 4.000 decline in US non-farm payrolls in August for the first time in four years, while gold traded above $700 per ounce, a new 16-month high. Analysts had expected a gain of 108.000 in non-farm payrolls and were
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The Statistical Service has produced its first full breakdown of real GDP growth in the second quarter, showing real GDP growth of 3.7% on the back of very strong growth of financial services, as well as tax-induced purchases of cars. For the first six months of the year, real GDP growth was put at 3.84%
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Ericsson has unveiled an innovative radio base station site concept that is not only better for the environment but more cost-efficient to adopt and run, and more attractive to look at. The modern design, from renowned architect Thomas Sandell, is a completely new approach to site architecture – the 5m-diameter, 40m-high flexible concrete tower encapsulates
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Indosat, a leading telecomms and information service provider in Indonesia will offer Nokia Intellisync Wireless Email to its business and consumer customers. The platform allows Indosat to address a growing and previously untapped market opportunity by focusing on the cost and ease of use of mobile email and personal information management (PIM). The service, an
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Panasonic recently introduced to the Middle East market the 8.1-megapixel DMC-FZ18, a new Lumix digital camera that features the newly developed 28mm wide angle Leica DC lens with f/2.8-4.2 brightness and powerful 18x optical zoom. The camera combines exceptional optical performance with a compactness that had been previously thought impossible to achieve with a single
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— EUR 100 mln investment by Shacolas-owned ITTL  The Mall of Cyprus, the biggest shopping mall on the island, will open its doors for business on September 27 promising to change the retail trade environment and incorporating many new features. “It’s a dream come true,†said entrepreneur Nicos Shacolas at the official launch of
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— Efforts to attract Hemus Bulgaria, Austrian and Tarom  Paphos tourism officials, concerned with the drop in passenger traffic at their airport, hope to persuade the Minister of Tourism and Industry, as well as senior officers of the Cyprus Tourism Organisation to introduce measures that will help stop this downturn. Nassos Hadjigeorgiou, Marketing Manager
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With all the furor surrounding the variants of solutions to the Cyprus problem on the table, and the distraction due to the devastating fires in Saittas-Pelendri and in Greece, public opinion seems to have forgotten about local administration issues – which is exactly what your mayor wants you to do. With the incumbents being in
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New member of the Supreme Court, judge George Erotokritou, was sworn in this week before President Tassos Papadopoulos, who pointed out that the rule of law means observing existing legislation, without discrimination, and respecting the citizen’s rights. Erotokritou assured the president that his sole aim was to continue to serve justice with unwavering faith, adding
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Chris Lazari, the billionaire property mogul, has added another showpiece building to his ever expanding portfolio with the acquisition of Greater London House in Camden for GBP 165 mln. The deal was completed in early August when the final details of the 330,000 sq. ft. art deco building acquired from Land Securities were all agreed.
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