May 22, 2013

Recession - News


More destructive cyber attacks could be made by 2015 : Gartner

Cyber Image

World’s leading IT research and advisory firm Gartner has forecast that by 2015, online sabotages will become multi-modal and very damaging and that even a G-20 nation’s critical infrastructure will be disrupted and damaged by such cyber attacks . “By 2015, a G20 nation’s critical infrastructure will be disrupted and damaged by online sabotage. Online [...]

European Central Bank (ECB) Remains its Interest Rates Unchanged at 1% for the 16th month‎

european central bank

The European Central Bank has kept interest rates at 1 percent for the 16th consecutive month as a still-uncertain global outlook clouds optimism about the eurozone’s recovery. The ECB’s decision Thursday to leave its benchmark refinancing rate at a record low, where it has stood since May 2009, was widely expected. The ECB’s Governing Council [...]

Federal Reserve Central Bank Promised to Act if U.S. Economic Reovery Efforts Fails

federal reserve central bank

Ben S. Bernanke, Federal Reserve Chairman on Friday said that the central bank is ready to act for the U.S. economic recovery efforts. The assurances he made at the Kansas City Fed’s symposium near Jackson Hole, Wyo., highlights not only the uncertainty of the economy, but also the futility of trusting policymakers to solve all [...]