British Reporter

WORLD

Euro area unemployment down to 7.3%

The FINANCIAL -- The euro area1 (EA13) seasonally-adjusted unemployment rate2 stood at 7.3% in September 2007, compared to 7.4% in August3. It was 8.1% in September 2006. The EU271 unemployment rate was 7.0% in September 2007, compared with 7.1% in August3. It

by The FINANCIAL

November 5, 2007

1 min read

Georgia

Sarke Consulting Summarizes Business Results

The FINANCIAL -- On November 1, Sarke Consulting celebrated its one year anniversary after transforming from the advertising agency Sarke into Sarke Consulting. The Georgian advertising market leader Sarke developed into two companies - Sarke Consulting and Sarke Studio on November 1,

by The FINANCIAL

November 5, 2007

1 min read

Georgia

“Energy/Commodity Derivatives House of the Year”

The FINANCIAL -- Société Générale Corporate & Investment Banking has been named “Energy / Commodity Derivatives House of the Year 2007” for the second year in a row by Asia Risk and “Best Commodity Derivatives Provider, Asia” by Global Finance.

by The FINANCIAL

November 5, 2007

1 min read

Georgia

Swarovski crystals sparkling in Tbilisi

The FINANCIAL -- Swarovski, one of the world’s leaders in the field of precision-cut crystal production will now be represented in Georgia. A Swarovski boutique was opened on the central avenue of Tbilisi on October 22. “This is the very first Swarovski

by The FINANCIAL

November 5, 2007

3 mins read

BANKS

MasterCard Reports $314 million net income

The FINANCIAL -- MasterCard Incorporated last week reported quarterly net income of $314 million, or $2.31 per share on a diluted basis, which includes after-tax gains of $70 million or $0.51 per share on a diluted basis from the partial sale of

by The FINANCIAL

November 5, 2007

2 mins read

Travel News

Air Tickets Price Rise

The FINANCIAL -- On 1 November, 2007, air-ticket prices for all international flights increased in Georgia by GEL 20-30. In accordance with International Air Transport Association (IATA) requirements, the tickets should be sold in EUR. As a result, all air companies operating

by The FINANCIAL

November 5, 2007

1 min read

Insurance

Fed rate action commentary from Swiss Re

The FINANCIAL -- After last week’s decision by the U.S. Federal Reserve to lower the target fed funds rate 25 basis points to 4.5%, Swiss Re’s Chief US economist, Kurt Karl, commented, “The Federal Reserve Board has made a second, but more

by The FINANCIAL

November 5, 2007

2 mins read

WORLD

Williams Lea widens offering to customers in Germany

The FINANCIAL -- Williams Lea, subsidiary of Deutsche Post World Net and leading global provider of Corporate Information Solutions, is successfully moving ahead with its expansion strategy. Company will start operating in Germany under the brand Williams Lea Deutschland. As part of

by The FINANCIAL

November 5, 2007

1 min read

Travel News

Financial position of British Airwaysthe remains strong

The FINANCIAL -- "These are record results which are driven by all the hard work our people put in last year to tackle the cost base of our business”, British Airways' chief executive Willie Walsh, said announcing company’s financial results last week.

by The FINANCIAL

November 5, 2007

3 mins read

Politics

Burjanadze Condemns Attacks on Protesters in Zugdidi

Tbilisi. Several persons suspected of attacking peaceful protesters in Zugdidi have been detained, Nino Burjanadze, the Georgian Parliamentary Chairperson, said on October 29, Civil georgia reports.

by The FINANCIAL

October 29, 2007

1 min read