Asprox computer virus infects key government and consumer websites

More alarming news on the loss of personal details from Government internet sites are unfolding..."Eastern European hackers are suspected of placing the Asprox virus on more than a thousand British websites, including those run by the NHS and a local council, in the past two...

Government relents and scraps fuel duty rise

The UK government has cancelled a planned 2p rise in fuel tax in light of the ever increasing petrol prices. However the timing to the decision, coming as it does shortly before the very important by-election in Glasgow East, has being deemed suspicious. Gordon Brown may be...

Bush Optimistic About Economy; Fed Chairman Sees 'Difficulties'

I think Mr. Bush should listen to chairman of the Federal Reserve. US govt should consider this problem into account."U.S. President George Bush is urging lawmakers to act quickly on legislation to financially...

German Citibank sold to French Credit Mutuel for $ 7.7 Billion

"Regional French bank Credit Mutuel said on Friday that it will pay €4.9 billion ($7.7 billion) to buy the German business of US banking giant Citigroup, hard hit by the global financial crisis.Credit Mutuel, which...

New exchange for a new economic world order. Global Financial Market Summit ...

Deputy Chairman of the Monetary Authority of Singapore (MAS) and Minister of Trade and Industry, Mr. Lim Hng Kiang was the Guest of Honour at the Global Financial Market Summit 2008 where plans were announced to set...

RI`s anti-money laundering, counter financing of terrorism rating up

""Indonesia has indeed met most of the 49 recommendations, but it`s not yet perfect," he said. Indonesia`s performance was considered good on 34 of the FATF`s 49 recommendations. Some recommendations which Indonesia had not yet met included legal framework and...

Money laundering hard to beat

"No major progress is evident in Indonesia's fight against money laundering, three years after the financial intelligence agency started work. Chairman of the Indonesian Financial Transactions Report and Analysis...

U.S. exports cigarettes, bras, bull semen to Iran

"WASHINGTON (AP) -- U.S. exports to Iran -- including brassieres, bull semen, cosmetics and possibly even weapons -- grew more than tenfold during President Bush's years in office even as he accused Iran of nuclear ambitions and helping terrorists. ...

European Stockmarkets spooked by fresh credit crunch fears

London stock exchange opened with deep correction after the news of fresh credit crunch. Investors mood are turned sombre with similar news from other European exchanges. "Fears of fresh losses in the financial...

Widodo opens APG meeting on money laundering in Bali

" "Our challange is the increasing rate of worldwide crime as a result of globalization ," Widodo said, adding that Indonesia was committed to waging war against money laundering and terrorist financing. The APG will this year accept two new member countries, namely...

Boris under fire as he cancels inquiry into deputy's past

After the resignation of London deputy mayor Ray Lewis last week, city hall has announced that the investigation into this past misdeeds has been dropped, prompting accusations of a cover-up from some. Lewis, who was a rising star in Conservative politics, was accused of...

Boris Johnson launches inquiry into claims against deputy

New London mayor Boris Johnson has been embroiled in his first scandal, with revelations that his Deputy Mayor Ray Lewis, who has been a rising star in UK Conservative politics, was disrobed as an Anglican priest in...

Analyst sees ‘ghost town’ in Inland Empire

"Peter Viles LA Times Wednesday, July 2, 2008 A financial analyst fresh from a tour of construction sites in the Inland Empire is warning Wall Street of a “ghost town” where finished homes sit vacant and additional homes are still under construction.  “At several...

American 'Meltdown' is the Reason for the Money Injection by Fortis

""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...

Mass. regulators file fraud charges against UBS

"Massachusetts regulators filed civil fraud charges Thursday against UBS Financial Services for allegedly selling investments it knew were extremely risky, but portrayed as safe. The complaint by the...

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