Cisco Systems Inc. has agreed to buy Scientific-Atlanta, a leading maker of set-top boxes for cable television, in a deal worth some 6.9 billion dollars. The deal gives Cisco a powerful platform to break into cable television equipment from its dominant position in making the routers and other network equipment that power much of the

The long-running political stand-off between the Greek Cypriots and Turkish Cypriots over the opening of a new crossing at downtown Ledra Street, may be coming to a close, with expectations that the checkpoint could open before Christmas. Both sides claim that they are ready to open the gates but are only waiting for a move

The Cyprus Inland Revenue Department reported that tax revenue rose by 8.7% year on year in the first ten months, to CYP 504.9 mln, compared with CYP 464.6 mln in the same period of 2004. The Department reported that the increase was the result of income from corporate tax (up 13.5%) and the “special contribution