UK interest rates are expected to rise to a five-year high of 5% after the Bank of England’s lunchtime meeting. The predicted raise from 4.75% would be seen as a bid to cool inflation. Currency strategists said there was some scope for disappointment from the BoE’s post-meeting statement as investors are looking for as much
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Dr Margaret Chan of China was nominated by the Executive Board of the World Health Organization for the post of Director-General, the technical and administrative officer of the UN organisation. The nomination will be submitted to the World Health Assembly, which will meet for a one-day special session on Thursday, 9 November to appoint the
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 The European Commission released its regular report on Turkey in Brussels on Wednesday.The political dimension of the negotiation process has been removed from this document and is now included in a second report, entitled, “Enlargement strategy and the and Main Challenges 2006-2007.”In their report, the Commission alleges that “Turkey continues to sufficiently fulfil the Copenhagen
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Elmar Brok, Chairman of the Foreign Affairs Committee, regretted the de-facto shift of responsibility of the Commission’s progress report on Turkey to the December summit of the EU heads of state and government. “The Commission will submit progress reports for all candidate countries. However, it evades a final evaluation of Turkey, in particular with respect
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The Board of Directors of Bank of Cyprus Public Company Ltd appointed as members of the Board Charilaos Stavrakis, Chief Executive Officer-Cyprus and Deputy Group Chief Executive Officer and Yiannis Kypri Group Chief General Manager at its meeting held on November 9, 2006. The two seats had been left vacant following the resignation earlier of
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Cyprus Popular Bank Public Company announced that Efthimios Bouloutas, Managing Director of Marfin Bank, will become the new Managing Director of Popular Bank (Hellas). Bouloutas has served as General Manager of EFG Eurobank Ergasias and member of its Executive Committee, Managing Director of Eurobank Asset Management and member of the Board of Directors of EFG
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Freedom of speech in Turkey is not guaranteed, the military still plays a “significant” political role and non-Muslim religious communities face discrimination, the European Commission is set to say in a report due out Wednesday, according to a report by EUobserver. Just over a year after Turkey started membership negotiations with the EU in October
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Thousands of Cypriots who have borrowed in Swiss francs (CHF) for housing or other purposes in order to take advantage of the low borrowing costs got an additional bonus after the CHF broke lower against the euro and in turn the Cyprus pound. A growing number of investors in Cyprus have borrowed in Swiss francs,
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The European Commission has urged mobile phone users to turn off their handsets when abroad in protest at “excessively high” roaming charges. Its call came after a survey conducted for the Commission found 70% of Europeans want it to act to reduce the cost of cross-border mobile calls. The commission first said in July that
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SMART Technologies Inc, a global education segment leader in easy-to-use interactive whiteboards and other tools, has announced the Middle East launch of the GoWire SMART Board software auto-launch cable, an accessory that gives users full access to SMART Board software without installing it. The GoWire auto-launch cable will be available across regional markets through Intmark
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