Panda Security has conducted an assessment of over 300 businesses for sending money abroad. Over 1,500 computers were scrutinised with alarming results: 30% of them had an outdated antivirus and 60% were infected. According to a recent study by the United Nations, money sent by immigrants to their home countries amounted to over $300 bln
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The International Monetary Fund said on Monday Chinese growth could almost halve next year as a global downturn sucks in the biggest emerging economy. Japan reported its sharpest crash in business sentiment in three decades and China said its industrial output grew at the slowest pace since 1999, adding to evidence that a global downturn
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World stocks climbed strongly on Monday as investors prepared for another cut in U.S. interest rates, sought to pick up year-end bargains and reassessed the possibility of help for the ailing U.S. auto industry. Wall Street, however, looked set for a weak start. The dollar fell sharply against major currencies and the price of oil
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Russia allowed the sixth mini-devaluation of the rouble in five weeks on Monday, gradually caving in to downward pressure on the currency from falling oil prices and a worsening economic outlook. A central bank source confirmed the trading band had been widened again on Monday. The rouble weakened to 32.21 against a basket of 0.55
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Protesters hurled eggs at police outside an Athens court on Monday and rallies were planned later in the day in a second week of anti-government protests in Greece since the police shooting of a teenager. Some 50 demonstrators confronted police outside the main Athens court, where a hearing took place for dozens of people arrested
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Former President of the Republic of Cyprus, Tassos Papadopoulos, who passed away on December 12th, was laid to rest Monday. The funeral took place at state’s expense in the Saint Sophia Church in Nicosia, in the presence of the President of the Republic Demetris Christofias, Greek Prime Minister Costas Karamanlis, President of the House of
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Japan reported its sharpest crash in business sentiment in three decades on Monday and industrial output in China grew at its slowest pace since 1999, the latest signs of the damage done to Asian economies by the global crisis. But markets rallied despite the gloomy data, buoyed by expectations that the White House would step
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David Cameron, the leader of Britain's opposition Conservative party, repeated on Monday his plans for underwriting loans to businesses and tighter regulation of the financial community. Cameron said the main problem affecting the economy is that banks are not lending to businesses and action was needed to kick-start this process. The Conservative leader made no
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European shares advanced in morning trade on Monday as commodity stocks tracked firmer crude and metals prices, offsetting weaker banks led lower by BNP Paribas. At 1022 GMT, the FTSEurofirst 300 index of top European shares was up 0.7 percent at 835.04 points after rising as high as 843.89. The benchmark has lost 44 percent
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Britain's top share index rose early on Monday, drawing strength from gains in Asia and the U.S. on hopes of a government lifeline for the struggling U.S. auto industry and ahead of the Fed's rate decision this week. By 0833 GMT, the FTSE 100 was up 57.16 points, or 1.3 percent, at 4,337.51 after gaining
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