World

Hacker cracks Vodafone Germany, steals customers data

The German subsidiary of British mobile operator Vodafone has been attacked by a hacker, who has reportedly stolen a huge amount of customer data. Police suspect that a contracted IT specialist carried out the attack....

North and South Korea agree date to reopen Kaesong joint industrial zone

North and South Korea have agreed to reopen the Kaesong joint industrial zone on a trial basis on Monday. The site, a rare symbol of inter-Korean cooperation, was shut five months ago amid heightened military...

NSA can reportedly access iPhone, Android and BlackBerry data

The US National Security Agency has the ability to access data from iPhone, Android and BlackBerry devices, according to a German magazine. Smart phone content from emails to text messages has reportedly been monitored. The...

BRICS agree rescue fund to stem currencies slide

The BRICS group of five emerging countries has reached agreement on a fund aiming to stabilize their currencies. The fund, worth $100 billion, seeks to stem an outflow of capital once the US changes monetary...

South Sudan’s oil will continue to flow through Sudan

Sudanese President Omar al-Bashir announced that South Sudan’s oil exports will continue to flow through his country’s pipelines. His decision was announced on Wednesday (03.09.2013) after meeting with South Sudan’s President Salva Kiir in the...

EU executive poised to address shadow banking risks

The European Commission has presented draft legislation aimed at taming the multi-trillion-euro shadow banking industry in the 28-member bloc. The idea is to make unregulated money market funds safer. The EU executive said the draft...

China’s overseas business expansion holds the key to development

Private companies are set to spearhead China’s overseas business expansion over the next decade, according to a new report. While privately-owned enterprises contribute 60 percent to China’s GDP, they only account for 14 percent of...

Verizon and Vodafone strike record deal

Verizon Communications has agreed to pay $130 billion to buy Vodafone out of its US wireless business. The deal marks the third biggest corporate takeover in history. US telecom giant Verizon and Vodafone announced Monday...

Searching for the ideal sleeping pill

Sleeping pills have a bad reputation. They’re said to be dangerous, addictive, and to be avoided at all costs. But for people with chronic insomnia, chemical assistance is often their only hope. It started nineteen...

What helps depressed patients more: drugs or therapy?

Doctors currently decide on their own when it comes to determining whether to treat patients suffering from depression with antidepressants or psychotherapy. But researchers in the US say, a brain scan might change that. US...

Portuguese Constitutional Court rejects ‘lay-off’ bill

Portugal’s highest court has rejected  lay-off bill aimed at phasing out surplus public sector workers by reducing pay and then laying them off. This was the court’s second ruling against cuts needed to secure bailout...

Eurozone unemployment high, but business mood improves

Europe’s statistics office reported Friday unemployment in the 17-member eurozone remained steady at its record high of 12.1 percent, even though the jobless total decreased by 15,000. Eurostat said there were 19.23 million people out...