Jippii to take on KPNQwest’s Finnish assets

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Internet provider Jippii will acquire bankrupt data carrier KPNQwest’s network assets in Finland in a 2.5 million Euro deal. The Finnish concern plans to finance the acquisition with its liquid assets as well as through outside funding, Europemedia.net reported. The acquisition of KPNQwest’s Finnish assets follows Swedish operator Telia’s buy of KPNQwest’s French and Spanish assets....


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Unwiredfactory, CellPoint team up on world front

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CellPoint Inc., a global provider of mobile location software technology and platforms, has announced a worldwide partnership agreement with Denmark’s Unwiredfactory, a global provider of location-based entertainment for the mobile Internet.
The two concerns have entered into a partnership agreement to deliver a complete end-to-end solution to mobile operators throughout the world, PRNewswire reported. “The partnership with CellPoint has great value to Unwiredfactory, since we regard CellPoint ...


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Farmoz to import Danish waste for fertilisation

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Australia’s federal government has received a request to consider a proposal to import up to 3,000 tonnes of hazardous waste from Europe for use as farm fertiliser. The industrial waste, emanating from a Danish herbicide and pesticide factory, contains glyphosate - one of the elements of the popular weedkiller, Roundup.
Australian chemical firm Farmoz wants to import the material to Sydney and then transport it to retail outlets in New South Wales and Victoria.
There it will be re-branded and...


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Denmark chooses Oracle to power new efficient portal

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Denmark’s Ministry of Foreign Affairs recently launched the national portal Demark.DK based on Oracle9i Application Server portal technology. The portal enables journalists, business people and tourists to obtain official information about the country. The portal’s immediate popularity - approximately 300,000 users visit the site daily - has been easily managed with the support of the scalable portal technology in Oracle9i Application Server.
Marco Tilli, vice president of Oracle9iAS portal de...


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Nokia to supply TAC with UltraSite base station

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Total Access Communication (TAC) and Nokia have signed an agreement for the delivery of GSM/GPRS/EDGE mobile systems for the expansion of the DTAC brand mobile network in Thailand. The agreement is valued at USD 200 million. Nokia is the sole supplier for TAC’s mobile core network, including an Intelligent Network platform, and provides the main part of the radio-access network.
Nokia will provide its UltraSite base station solution, which can support GSM/ EDGE/WCDMA, addressing the growing de...


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IFS, GE launch SpectraSM to support fighter service

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GE Aircraft Engines has deployed Spectra maintenance enterprise software to support servicing of the US Navy’s F414-powered F/A-18 E/F Super Hornet fighter. Developed by IFS and based on IFS Applications, the software is being used by the Government Industry Logistics Support (GILS) programme within GE Aircraft Engines. The GILS team is deploying IFS modules for purchasing, inventory, customer orders, work orders, planning, and configuration management.
“We are extremely pleased with the progr...


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Court rules in favour of Vodafone employee privacy

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odafone Sweden has won a court dispute against Swedish tax authorities regarding its staff’s calling habits. A southern Sweden court Wednesday before last said that the national tax board has no right to review the calling records of company employees.
Tax auditors wanted the records in order to determine whether Vodafone employees used their company-issued handsets for personal calls. If this were true, the phones could be taxed as an employee benefit, such as a company car that also is used p...


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Volvo Aero awards Magellan USD 14 mln supply contract

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Volvo Aero of Trollhatten, Sweden has awarded Magellan Aerospace a five-year, USD 14 million contract for the supply of engine components. Deliveries are slated to commence later this year, Magellan informed week before last. The contract involves the manufacture of parts for the Volvo Aero RM12 military engine, which powers the SAAB AB JAS39 Gripen multi-role air defence, attack and reconnaissance aircraft, according to AP. Work will be done at Magellan’s Orenda plant in Mississauga, Ontario, a...


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Telenor to assist Song with debt restructuring

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Norwegian telecommunications company Telenor ASA has agreed to help Sweden’s Song Networks Holding AB with its debt restructure, indicating an interest in Telenor acquiring Song. Telenor will sell its Swedish unit Telenor Business Solutions AB for USD 59 million in cash, a 39.9 percent stake in Song and a convertible bond, which, if converted in the next four years would up Telenor’s stake to 84.5 percent, AP reported. For its part, Song Networks will seek to restructure bond obligations, exchan...


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Persson intent on reviewing accounting practices in Sweden

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Alluding to recent US corporate scandals that have intruded on the Swedish governing party’s pre-election retreat, Prime Minister Goeran Persson noted Wednesday before last that his government would revise accounting regulations and practices. Just one day after US President George W Bush’s proposal to double prison terms for corporate crimes, Persson said Sweden’s government would recommend changes in laws and financial authorities to be implemented in January 2004 at the earliest.
“If the Ame...


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SKF introduces new products, services as Q2 earnings grow

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The SKF Group has reported a second quarter pre-tax profit of 925 million Swedish crowns, while the profit for the first half of the year totalled 1,686 million crowns. Earnings per share for the second quarter were 5.58 crowns, and for the first-half year they amounted to 10.22 crowns.
Although sales in Europe remained weak in the second quarter, in North America, sales to the automotive sector showed good growth, with sales to the industrial sector started to recover. Sales growth in the Asia...


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UBS faces audit over Nigerian leader’s account

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Following the discovery of funds linked to the late Nigerian leader Sani Abacha, the Swiss Federal Banking Commission has ordered an audit of UBS, the country’s biggest bank. The onsite audit aims to assess the effectiveness of the controlling mechanisms in place at the nation’s largest bank, Swiss Radio International (SRI) reported.
The commission released a statement last Monday saying investigations had shown that “UBS had failed to fulfil its duty to collect detailed information and review ...


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Norway returns to export of whale meat and blubber

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Norway has after a 14-year hiatus resumed exports of whale meat and blubber with a shipment to Iceland. The shipment of eight tonnes of whale meat and blubber quietly left a port in Norway’s Arctic Friday before last and was due to reach the North Atlantic island nation by the middle of last week.
Norway, the only country to conduct commercial whale hunts, brushed off protests and went back to commercial whale hunts in 1993, following a six-year break. However, fearing an international backlash...


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Activists strongly opposed to Alcoa aluminium smelter

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Environmentalists launched a campaign last week aiming to persuade Alcoa to ditch plans for the building of a giant aluminum smelter in the Icelandic highlands. The Icelandic Nature Conservation Association stated the smelter and an accompanying hydroelectric complex planned by the country’s national power company will ruin the environment above Vatnajokull, east Iceland, Europe’s biggest glacier.
The association has called on supporters to besiege the US company with e-mails demanding that wit...


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Reykjanes to draw tourists with Viking ship purchase

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Reykjanes Mayor Arni Vigfusson last Tuesday signed a contract for the purchase of the Viking ship “Icelander,” during the news conference for which former owner Gunnar Marel Eggertsson gave the mayor a photograph of the ship.
In 2000 Eggertsson sailed the Icelander to the US in commemoration of the 1,000- year celebration of the Viking discovery of North America, Iceland Review informed. The ship was stored in the US since that time as Eggertsson struggled to find a buyer for the ship.
He will...


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Oslo commits 6 mln crowns for stability in Somalia

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Norway pledged Thursday before last six million Norwegian crowns (USD 821,000) for the new United Nations Trust Fund for Building Peace in Somalia. The African country has been without an effective central government since opposition leaders threw out dictator Mohamed Siad Barre in 1991, since which time it was rampaged by a host of battling warlords.
Clan elders and businessmen, with hopes of stabilising the country, set up a transitional government in 2000, AP reported. A statement issued in ...


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Soccer team aims to turn stiles by paying its spectators

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In consideration of dwindling crowds at its soccer games, Norway’s Harstad Sports Club is trying out a new twist on the idea of paying customers. Instead of fans buying their game tickets, the Harstad club decided to actually pay them 10 Norwegian crowns (USD 1.39) to show up for Saturday before last’s match against second division rival Staalkameratene.
“For our recent games, less than 100 people have shown up, and we want to attract more,” Gunnar Berg, a member of the club’s board, told The A...


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Neutral Switzerland submits request for admission to the United Nations

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Vatican is now the only state remaining outside the world body

Some months after local voters first endorsed the move, Switzerland last Wednesday formally requested membership to the United Nations. Leaders of the traditionally non-warring nation have noted that entry will not impose on the country’s mandate of neutrality, which dates back to at least 1815 and was written into the 1848 Swiss constitution.
Swiss UN observer Jeno Staehelin handed UN Secretary General Kofi Annan a letter from P...


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Telefonica shows USD 7 bln loss under GAAP

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Telefonica Tuesday before last said it has prepared a new set of 2001 accounts to comply with US General Accepted Accounting Principles (GAAP) that show a net loss of 7.18 billion Euros - some USD 7 billion. According to Spanish accounting principles, last year Telefonica posted a net profit of 2.11 billion Euros, AP reported. A spokesman for the Spanish telecommunications giant said the firm has filed earnings calculated according to US accounting principles every year since it listed on the Ne...


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Rio narcea makes plans to switch listing to FTSE

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In a move that would underline London’s reputation as the world centre for mining stocks, Spanish gold producer Rio narcea is contemplating switching its main listing to the British capital. With its head office in northern Spain but listed in Toronto, Rio has been deemed eligible for a listing on the main market. Rio Chairman Chris von Christierson explained that the group would like to float at least one-third of its shares in London, either in the 2002 fourth quarter or the first half of next...


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Iberdrola works toward building 800 MW combined cycle plant

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Spanish power group Iberdrola is examining the possibility of building an 800 MW combined cycle power plant at the Muelle de Inflamables of the Port of Barcelona. This follows interest expressed by Spanish electricity group Endesa and gas group Gas Natural. Land regained from the sea, the location offers the advantage of being close to the Enagas regasification plant, but the disadvantage of being very expensive, Expansion reported. The project would involve an investment of more than 150 millio...


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Movilisto adds Crossbow to telecom activities

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Movilisto has acquired Crossbow, Spain’s fourth biggest company in the telecoms sector, from Digital Mood. Movilisto, the country’s leading provider of SMS and value-added mobile applications with a wide client base including Repsol YPF, Telefonica y El Corte Ingles, Vips, M&M’s and Zanussi, was responsible for the mobile voting process for the smash hit TV series “Operacion Triunfo” for national broadcaster TVE and similar projects for Telecinco. In addition, it has launched a novel teletext-ba...


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Spantel, BT Ignite agree deployment of services

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Spantel 2000 SA, a wholly-owned subsidiary of Spantel Communications, Inc., and BT Ignite Spain have reached an agreement whereby BT Ignite will supply Spantel with the necessary infrastructure for the national deployment of its telecommunications services. BT Ignite is able to offer a service of this magnitude thanks to the solid telecommunications infrastructure they have developed and constructed with an investment of over 840 million Euros. Their high-quality, multi-service network was the f...


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Locals bring a halt to planned Prado renovation

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Residents have managed to stall the long-awaited expansion of Madrid’s prestigious Prado Museum as a local group has lodged legal objections to plans to tear down a 15th century cloister in the neighbourhood as part of the expansion plans, which include dismantling the historical Jeronimo cloister following which it will be reconstructed to stand inside the museum’s new wing.
However, a citizens group in the Jeronimo neighbourhood objected to the supreme court and has now won approval to halt t...


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Spain determined not to let Perejil island dispute affect trade relations

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Morocco last week ignored demands by the European Union to withdraw a small contingent of forces deployed on a tiny Mediterranean island belonging to Spain. The EU said the Perejil islet forms an “integral part” of Spain’s territory and called on the African state to withdraw the troops immediately or risk damaging relations with the 15-nation bloc.
Spanish Prime Minister Jose Maria Aznar said his country would not accept their southern sea neighbour’s occupation of the tiny island, claimed by ...


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Internal revenue services set to bring in evaders

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Portugal’s internal revenue services have identified at least 100,000 citizens and foreign residents as posing potential “tax evasion risks.” Consequently, these individuals will receive a letter from their nearest tax department requesting them to justify their accounts since 1997. Declaring war on tax evaders, Minister of Finance Manuela Ferreira Leite stated, “every Euro outstanding, is a Euro missing from the state’s coffers.” As such, the smallest act of non-compliance with fiscal duties co...


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Barroso prepares for grand A2 inauguration

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Portuguese Prime Minister Durao Barroso has invited predecessors Cavaco Silva and Antonio Guterres to take part in the inauguration of the final stretch of the Lisbon-Algarve A2 motorway. A spokesman for the Prime Minister’s office Thursday before last said the invitation by the Portuguese premier for the July 25 inauguration, which will herald completion of the long-awaited motorway, will be of increased significance to the country as, for the first time, the country will be linked from Valenca...


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Consumer confidence hits 8-yr low on economic uncertainty

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Portugal’s consumer confidence index slumped to its lowest figure since 1994 in June, the National Statistics Institute (INE) revealed week before last. The negative economic trend recorded last month follows that which had been set in April, The News reported. The falling of the index has been attributed to the unfavourable behaviour registered in all components used in its calculation. Those areas affecting consumer confidence the most were strong negative opinions regarding the country’s econ...


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Malaysia Airlines resumes Kuala Lumpur-Vienna route

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Malaysian Airline System Bhd assistant general manager for corporate communications Shauqi Ahmad said the company is targeting a 65 percent passenger load factor for its resumed route from Kuala Lumpur to Vienna. Flights to Vienna were suspended last year as “we had to address the impact of the September 11 tragedy,” but it is now “the best time to move forward,” The Star quoted Shauqi as saying. The Malaysian ambassador to Austria, Hussein Haniff, noted that Vienna International Airport has off...


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Puma Austria contracts Bedav to supply software

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Internationally renowned sportswear and equipment maker Puma AG has awarded the German IT company Bedav a contract for the installation of computer-based business systems in Puma Austria’s units located in Italy, Eastern European countries and South Africa. The business systems are to be developed on the software platform by IT specialist Navision from Denmark, just-style.com reported. Christian Hauschild, chairman of Bedav, was quoted as saying that, by the end of the current year, his company ...


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Virus infects 180 Vienna businesses, incites fears of attack

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Coinciding with Austrian Interior Minister Ernst Strasser’s meeting with Canadian and US officials to discuss increasing efforts in the collective fight against cybercrime, 180 businesses in Austria were infected week before last with two variations of an aggressive e-mail virus, which in some cases can actually bring about the downfall of entire systems.
Named Frethem.K and Frethem.L, the viruses are thought to have originated in Japan, Austria Today reported. As has been the case with other, ...


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Wolford confident of 2002 results despite 2001 losses

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Wolford did not perform as well as expected in 2001, posting losses totalling 5.84 million Euros. However, the Austrian women’s apparel retailer does not see the result as entirely negative considering one-off expenses totalling 4.2 million Euros, which the firm says were incurred due to branch closures and the writing off of debts in the US.
Wolford Chairman Fritz Humer is optimistic about the company’s prospects for 2002, saying this year’s turnover is likely to at least match that of the pre...


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Greece eager over agrotourism deal

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At the unveiling of an ambitious agro-tourism programme totalling 1.2 billion Euros, Greek Prime Minister Costas Simitis stated: “We have the highest growth rate in the EU, but that’s not enough for us.” Following a meeting of the cabinet committee for the development of the countryside, Simitis informed reporters of the four-axis government programme designed to promote agro-tourism in the country, Athens News Agency (ANA) reported. These are: promoting tourist programmes in the five cities due...


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Universities to make use of new e-learning platform

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European Dynamics, a company providing e-learning software facilities, has introduced a new e-learning platform at the National Kapodistrias University of Athens in Greece. The faculties of science from the National University of Athens as well as from the Thessaloniki, Crete and Thessaly universities will use the e-learning software, according to Europemedia.net....


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Greeks still tempted by ease of bank loans

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Repeated warnings regarding risks faced by Greek households due to a propensity for being over-loaned have had no effect, the latest statistical data shows. Greek citizens are still tempted by the possibilities offered, mainly by housing loans, MPA reported. Data provided by the Bank of Greece reveals that debts to banks from housing loans amounted to 14.023 billion Euros in April, while debts to special credit organisations are estimated at 3.338 billion Euros....


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Central bank collects only 97% of drachmas so far

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The Bank of Greece has noted that some GRD 100 billion (293.4 million Euros) still remain hidden in chests or under mattresses in the country as 97 percent of the GRD 2.9 trillion in circulation until December 31, 2001 has been withdrawn. Consequently, Greeks have not exchanged the remaining three percent for Euros, corresponding to about GRD 100 billion....


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Citizens will judge at end-term, says Papantoniou

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Greek National Defence Minister Yiannos Papantoniou has said that there should be an “about face” toward the country’s people so they can, in a visible and tangible way, experience the benefits of the government’s major economic success. Papantoniou, who gave an interview in the July 14 edition of To Vima, held the post of national economy and finance minister until last October when a cabinet reshuffle saw him reassigned to the defence ministry. Referring to the government’s work, the minister ...


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