Bottom Line: Everyone loves a sale – and Asos shares are in middle of a big one June 5, 2014 ALMOST every other day, Asos customers are sent promo emails alerting them to the latest offer on the retailer’s vast fashion website: 25 per cent off dresses; save on festival fashion; free delivery on men’s hats. Yesterday, the tables were turned. Investors hit the sell button on Asos shares, sending them into freefall to end [...]
CryptoLocker, GameOver Zeus and the rest of the malware out to get you June 4, 2014 Welcome to the terrifying world of cyber crime. It’s a constantly evolving and increasingly prevalent threat. This week, the Europol’s European Cyber Crime Centre (EC3) has been tackling the CryptoLocker virus, while the US National Security Agency has been pre-occupied with GameOver Zeus. Generally speaking, viruses are malware programs that replicate and wriggle into programs [...]
Russia heading back to recession as Ukraine turmoil hits business June 4, 2014 Russian private sector output has fallen at its fastest rate in five years, according to survey data released today, prompting some to suggest that the country is yet again facing recession. The HSBC purchasing managers' index, compiled by Markit, sees the Russian headline output index fall to a five year low of 47.1 in May. [...]
G7 begins with Putin shut out June 3, 2014 DAVID Cameron will travel to Brussels today for the G7 summit, replacing the G8 meeting which was due to be hosted by Russia’s President Putin in Sochi. The Prime Minister will meet with President Obama tomorrow for the first time this year to discuss the situation in Ukraine ahead of his meeting with Putin, who has [...]
New Look in red after French loss June 3, 2014 NEW LOOK has said it could sell its French business Mim after a write-down dragged the fashion retailer to a full-year loss. The value retail chain, which has over 1,100 stores in 24 countries, posted a 5.8 per cent rise in underlying earnings to £200.2m in the year to 29 March. However, it took an [...]
Renewables not fossil fuels are a threat to energy security says new report June 3, 2014 The widespread use of wind and solar energy poses a serious risk to the UK’s energy security and could undermine the reliability of the country’s energy supply, according to a new report from the Global Warming Policy Foundation (GWPF). The crisis in Ukraine and Crimea has focused the minds of policy makers on energy security. [...]
Renewables not fossil fuels are a threat to energy security says new report June 3, 2014 The widespread use of wind and solar energy poses a serious risk to the UK's energy security and could undermine the reliability of the country's energy supply, according to a new report from the Global Warming Policy Foundation (GWPF). The crisis in Ukraine and Crimea has focused the minds of policy makers on energy security. [...]
Samsung to reduce dependence on Google with first Tizen phone June 2, 2014 SAMSUNG will launch its first smartphone running its own Tizen mobile software instead of Google’s Android platform. The South Korean firm will officially announce the Samsung Z, which comes with a 4.8in high-definition display and offers features such as a fingerprint sensor, in San Francisco today. The phone will first be made available in Russia [...]
Letters to the Editor – 03/06 – Britain’s new MEPs, Google and Europe, Best of Twitter June 2, 2014 Britain’s new MEPs [Re: Britain’s new MEPs must do their job – whatever they think about the EU, yesterday] Mark Boleat asserts that “constituents voted [MEPs] in to engage in Europe”. How does he know what voters were thinking? It’s not true in my case, for example, because I have zero faith in any of [...]
Clegg joins calls for fresh vote to stage 2022 cup June 2, 2014 DEPUTY Prime Minister Nick Clegg has joined the clamour for a re-run of the vote to stage the 2022 World Cup if claims that Qatar’s winning bid was aided by bribes are proved true. Clegg’s demand came after the Sunday Times reported it had uncovered millions of emails alleging illicit payments, and on the day [...]