Hackers take aim at the GSM

Photo sxc.huW next six months promises to be a wave of hacking into mobile phones. Hackers Group focuses its efforts on chinese food Hotels compare discount breaking the security code of the GSM system, which uses about 3 billion people around the world.

Immutability of Japan

Photo: Everett Kennedy Brown, the PAP / EPAKiedy last year began a great recession, the fate of Japan was often cited as a serious warning to the West. If the United States and the European Union failed to bring an appropriate policy - said - that can wait for them "lost decade" in the Japanese style, to be followed by years of weak growth.

Swiss banks are expecting to avoid inquiry

AFP senior Swiss bankers are convinced that they can avoid a devastating investigations of their activities, carried out by U.S. authorities as a result of a tax dispute with UBS. In an interview with the FT two senior management staff, one of Credit Suisse, the second of Julius Baer said it is optimistic.

Central banks below zero

Border scratch is one of the biggest myths of monetary economics. This means that interest rates may not fall below zero, because otherwise people gathering cash. Entire generations of central bankers considered it as equivalent to zero degrees Kelvin - the lowest temperature theoretically possible.

We will reduce number of banks and bonuses

George Osborne unless policies must be right: the government should impose a limit on the amount of bonuses for bankers. But wait: executive director of financial services supervisory authority (FSA) Hector Sants also certainly have some arguments, he contends that it is not the task of government to set the wages. Politicians in London and not just trying to solve Squaring the circle.

British Airways - 148 million pounds of losses

British Airways reported in the second quarter of 2009 gross loss of 148 million pounds. During the same period the previous year, the company earnings amounted to 37 million pounds - has informed the BBC. An operating loss amounted to 94 million pounds and operating profits for comparison for the same period last year amounted to 35 million pounds.   Corporate Income in the last quarter fell 12.2 percent. to 1 billion 983 million pounds. While the revenue from passenger traffic declined by 12.5 percent., A drop in global demand for air freight company's revenues fell 28.1 percent. Other airlines such as Air France-KLM and Lufthansa, which this week reported a decrease in revenues, are feeling the effects of the slowdown in the economy.  British Airways shares threaten to protest the cutting of costs by reducing employment. Head of the company said earlier that the savings are necessary for the survival of the company. In June he asked the thousands of staff that have worked for free, even months, to prevent its collapse.

 

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