Archive for October, 2009

Icann approves web addresses in multiple languages

Regulatory body Icann says move is the 'biggest change' to the way the internet works since its invention 40 years agoThe internet regulator Icann has approved plans to let web addresses be written in non-Latin characters – such as Mandarin, Arabic, Hindu or Russian Cyrillic script – that it says represents the "biggest change" to how it works since its ... Full story

Facebook wins $711m in spam lawsuit

Social networking site Facebook secures payout from internet marketer nicknamed 'Spamford'Facebook has been awarded $711.2m (£429.m) in damages after winning a case against Sanford Wallace, known as "Spamford", who sent mail and made posts without the permission of the social networking website's users.The company has been pursuing legal action against Wallace, ... Full story

Public Wi-Fi hotspots ‘open to hackers’

Connections provided by the UK's top three Wi-Fi networks - BT Openzone, The Cloud, and T-Mobile - are all vulnerable to attack by hackers, leaving people at risk of fraud, according to BBC's Watchdog.In a programme due to air on Thursday night, it claims that the thousands of hotspots available nationwide - in hotels, trains, airport lounges and high street ... Full story

US safety authorities fine BP £53m for Texas City failings

British company has not fixed hazards after 2005 explosion at industrial complex that cost 15 livesThe US government raised grave questions over BP's safety culture today by imposing a record fine of $87.4m (£53m) on the British company for failing to fix hazards at its Texas City oil refinery in the wake of a disastrous explosion that killed 15 people ... Full story

Brussels orders Royal Bank of Scotland to sell insurance arm as price of state aid

European commission demands Royal Bank of Scotland sell Direct Line, Churchill and Green Flag insurance businessesRoyal Bank of Scotland will be forced to sell the insurance businesses Direct Line, Churchill and Green Flag as part of a package of measures to reduce its balance sheet by 40%, it emerged tonight.The European Union's competition commissioner, Neelie Kroes, has focused on RBS ... Full story

Unite warns BA over new contracts

Union says new contracts for BA's 14,000 cabin crew are intimidatory and will mean lower payRelations between British Airways and Unite hit a new low today when the union said it would launch a legal challenge against new contracts being brought in by the airline.Unite said it would apply for a High Court injunction "against the imposition of new contracts" ... Full story

House prices rise year-on-year

Nationwide data says average value of typical UK property increases to £162,038, 2% higher year on yearComment: House prices rising? Sadly it's not just a British thingHouse prices rose by 0.4% in October to return homeowners to positive territory for the first time since last March, figures published by the UK's biggest building society showed today.The average ... Full story

Lehman Brothers’ art collection goes under the hammer

The sale is the first of three auctions of 400 Lehman artworks and is expected to raise about $1.1mThey may have slipped up on the business front by sparking the worst Wall Street crisis since the Great Depression. But top executives at the defunct investment bank Lehman Brothers had a skilled eye for art, amassing ... Full story

EU puts €100bn-a-year price on tackling climate change

Leaders agree cost will amount to €100bn a year by 2020, but fail to agree on short-term aid for developing worldEuropean leaders agreed for the first time today that the price tag for tackling global warming would amount to €100bn (£89bn) a year by 2020, up to half of which would need to come from taxpayers' money in the developed ... Full story

Jacques Chirac ordered to stand trial

Former French president vows to fight allegations that as mayor of Paris he paid cronies for non-existent jobsJacques Chirac, the former French president, has been ordered to stand trial on embezzlement charges over accusations he rewarded cronies with payments for non-existent jobs while mayor of Paris.If the case goes ahead it will make Chirac the first holder of France's highest ... Full story
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