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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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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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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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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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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In its report for July, global credit rating agency Standard and Poors have predicted that the Fed will once again raise rates by another 25 basis points, bringing it to 5.5 percent after its 8th August meeting. The report goes on to say that it expects rates to ease back to 5 percent in...
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