Archive for July, 2006

USA to foot the bill for Israeli war on Lebanon

July 20, 2006
By invandbiznews
USA to foot the bill for Israeli war on Lebanon

According to the Israeli deputy chief of staff in 1982 the estimated cost of the then invasion of Lebanon was around $1.1bn. In the the New York Times – Maj. Gen. Moshe Levy was quoted by the Israeli radio as saying the Defense Ministry’s estimate was based on the assumption that Israeli troops would...
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Yahoo! crashes to two year low

July 20, 2006
By invandbiznews
Yahoo! crashes to two year low

Today Yahoo fell more than 22% in the days trading to $25.20 its lowest value for two years. Against Google Yahoo has fared well over the last year. So today’s drop is a Wall Street investors worry that, despite previous assertions – Yahoo, the Internet’s most trafficked website, will continue to lag in online...
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Global markets takes a pounding on eve of Bernanke hearing

July 18, 2006
By invandbiznews
Global markets takes a pounding on eve of Bernanke hearing

Stock markets across the globe took a pounding as the full effects of the Middle East war and steeper than expected producer prices were announced in the early hours of Tuesday in the USA. According to the US Labor department inflation rose 0.5 percent in June, exceeding expectations for 0.3 percent. According to Eric...
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Bank of England to raise interest rates

July 18, 2006
By invandbiznews
Bank of England to raise interest rates

Inflation figures released today strongly indicate that the Bank of England may have no option, but to raise interest rates when it next meets for its Monetary Policy Committee (MPC) review. Energy costs – in this case Gas and Electricity – have pushed inflation up by its highest amount since Labour came to power...
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Sky launches into broadband war

July 18, 2006
By invandbiznews
Sky launches into broadband war

This morning Sky announced three different broadband products, Sky Broadband Base, Mid and Max, the launch sets a new industry standard with no compromise on quality or value.  The products range from a free service offering download speeds of up to 2Mb to connection of up to 16Mb for just £10 a month.  The...
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