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Britain’s economy will be hit hard by further turmoil in the eurozone, David Cameron has warned, despite widespread relief on world financial markets as a new leader was installed in Greece and Italian politicians backed harsh austerity measures.

The prime minister insisted a “big question mark” remains over the future of the single currency, amid signs that the political impasse in Italy that sparked panic among investors may be close to a resolution. George Osborne, the chancellor, described events on the continent as “dangerous”, adding: “There’s no doubt that growth in Britain, jobs in Britain, have been hit by what’s going on in the eurozone.”

The fragile state of Britain’s economy will come back into focus next week, with the latest jobless figures expected to show that public sector job cuts and the collapse of confidence among businesses have caused unemployment to rise rapidly.

There’s no doubt that technology brings with it some scary things. The scariest of them all is the uncertainty.
Human beings are creatures of habit and the introduction of anything new typically raises an eyebrow (at least) or pitchforks (more often). It’s a somewhat common theme that is tiresome to me, but one that provokes debate throughout the times.
The common gripe against smartphones and mobile devices is that they are shackles that handcuff an employee to their work – 24 hours a day and seven days a week.
While your boss may have an expectation that because you have a BlackBerry you should be responding to emails at 6 a.m. on a Saturday (emergency or not), this is less about your boss’s disposition and more about a lack of education as to how to use technology to get the best results.

We were at the Oberalp Pass, literally the high point of the Glacier Express’s seven-and-a-half-hour journey between St Moritz and Zermatt. We were passing between a range of 6,600ft mountains before our descent towards Brig.

In all directions the carriage’s giant observation windows revealed amazing vistas: to our left we gazed down lush green valleys, above us were steepling cliffs and – further off – loomed muesli-box views of mountain peaks dusted with snow and topped with wispy cotton-wool clouds.

Gold futures may add to their recent gains in the week ahead, with favorable technical indicators underpinning the rally. Autochartist identified a breakout on the 30-minute chart which carries an upward bias from the current price. The projection is consistent with the overall trend higher after overcoming short term resistance.

http://www.dailymail.co.uk/travel/article-2044352/Glacier-Express-Swiss-bliss-laid-Alpine-rail-adventure.html We were at the Oberalp Pass, literally the high point of the Glacier Express’s seven-and-a-half-hour journey between St Moritz and Zermatt. We were passing between a range of 6,600ft mountains before our descent towards Brig. In all directions the carriage’s giant observation windows revealed amazing vistas: to our left we gazed down lush [...]

U.S. Secretary of State Hillary Clinton said Sunday that Kim Kye Gwan, North Korea’s first vice minister and former chief nuclear envoy, will visit New York this week to meet with senior U.S. officials. Clinton said Kim will meet with an interagency team of U.S. officials for discussions on the next steps necessary to resume denuclearization negotiations through the six party talks, involving the two Koreas, the U.S., China, Japan and Russia. The secretary said that although Washington is open to talks with North Korea, there is no appetite for lengthy negotiations that would only lead to the starting point again. Clinton also said that Washington would not give the North anything new for actions they have already agreed to take. She added that the U.S. position remains that North Korea must comply with its commitments under the 2005 Joint Statement of the Six Party Talks, relevant U.N. Security Council resolutions, and the terms of the Armistice Agreement.

Gold futures may add to their recent gains in the week ahead, with favorable technical indicators underpinning the rally. Autochartist identified a breakout on the 30-minute chart which carries an upward bias from the current price. The projection is consistent with the overall trend higher after overcoming short term resistance.

A summary of trading in key commodities markets overseas:

ENERGY

World oil prices fell Friday as investors took profits from bumper gains made during a week that saw the promise of a comprehensive plan to rescue the eurozone.

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New York’s main oil contract, light sweet crude for delivery in December, slipped 64 US cents to $US93.32 a barrel.

Brent North Sea crude for December lost $US2.17 to $US109.91.

The New York price was still well above the $US86.31 close of a week before, after encouraging news on growth in China and the United States, and Thursday’s EU pact, fed expectations of firm demand.

Brent though was only slightly higher than the previous Friday’s $US109.54 as the gap between the two benchmarks appeared to be narrowing.

June 22 (Bloomberg) — U.S. stocks declined, breaking a four-day rally, after the Federal Reserve lowered its economic growth forecast and said it will complete a $600 billion bond- purchase program as scheduled this month. The dollar rose, and oil climbed following a decrease in inventories.

The Standard & Poor’s 500 Index fell 0.7 percent to 1,287.14 at 4:00 p.m. in New York, and the Stoxx Europe 600 Index dropped 0.6 percent. Ten-year U.S. note yields were almost unchanged, holding below 3 percent for a sixth day. The Dollar Index advanced 0.4 percent while the euro fell 0.5 percent to $1.4344. The pound weakened after some Bank of England members said more stimulus may be needed.

The S&P 500 halted its longest streak of gains of the month, having risen 2.4 percent over the past four days in a rebound from an almost three-month low. Stocks lost ground after Fed officials reduced their economic-growth projections, with much of the decline in the final hour of trading. The Fed, in a statement after a two-day policy meeting in Washington, left its benchmark interest rate in a range of zero to 0.25 percent and repeated a pledge to keep it there “for an extended period.”

“There was a bit of disappointment that the Fed downgraded their forecasts,” said Brad Sorensen, director of market and sector analysis at San Francisco-based Charles Schwab Corp., which has $1.7 trillion in client assets. “The ‘extended period’ language c...

Apple’s Steve Jobs unveils the iCloud storage system at the Apple Worldwide Developers Conference 2011 in San Francisco. Cloud computing involves outsourcing tasks to firms that maintain huge data centers around the world. (David Paul Morris, Bloomberg / June 6, 2011)

As hackers continue their rampage against the world’s largest banks, defense contractors and technology companies, executives and government officials are confronting a sobering truth: The bad guys are winning.

The seemingly unending string of high-profile attacks, most recently against Citigroup Inc. and Sony Corp., have shown that nearly every organization is vulnerable to a growing contingent of well-trained and agile attackers who are finding security holes faster than they can be plugged.

“It’s gotten very dangerous out there,” said Stan Stahl, a security consultant and president of the Los Angeles chapter of the Information Systems Security Assn. “There’s an epidemic of this stuff going on right now.”

The increase in high-profile attacks comes as companies are looking to move more of their business operations online, including to the “cloud,” in which computing tasks are outsourced to firms that maintain huge data centers around the world.

Despite the cloud’s potential for cost savings and reducing the hassles of running in-house computer servers, security analysts say it may not yet be as safe as advertised — a warnin...