Category Archives: News

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Swiss parliament blocks bill on easing bank secrecy

June 20, 2013 5:18 am | Leave a Comment |

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The Swiss parliament has effectively killed off a bill designed to sidestep secrecy laws to allow banks to release clients’ details.

The lower house voted two-to-one against a debate even though the upper house backed it.

The Swiss government warned that without the law banks may be sued by US authorities chasing wealthy American tax dodgers.

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Dolce and Gabbana punished for tax avoidance

June 20, 2013 5:18 am | Leave a Comment |

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Fashion designers Dolce and Gabbana have been given 20 month jail terms and heavy fines for tax avoidance by a court in Milan.

The sentences are suspended pending an appeal.

The duo contest the verdict. It is claimed they sold their brand to a holding company in Luxembourg to hide hundreds of millions of euros from Italian authorities.

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Italy knock out Japan in Confederations Cup

June 20, 2013 3:46 am | Leave a Comment |

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Italy join Brazil in the semi finals of the Confederations Cup after knocking out Japan.

Substitute Sebastian Giovinco tapped in a late goal to secure Italy a 4-3 win .

Japan might be out but their quick passing style of play will make them a crown pleaser at next year’s World Cup, for which they have already qualified.

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Brazil: Rio and São Paulo reverse inflammatory transport price hikes

June 20, 2013 3:35 am | Leave a Comment |

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Two of Brazil’s biggest cities, São Paulo and Rio de Janeiro have agreed to reverse increases in public transport fares that have triggered mass protests.

The separate decisions followed another day of demonstrations and rioting.

Brazil has not seen anything like it in recent times, and governments both local and national are trying to diffuse the anger.

São Paulo’s governor, Geraldo Alckmin said he understood the need for good public transport:

“We will carry the burden of the budgetary costs of the states, making an adjustment in the area of investment, and by tightening our belts. But I do understand transportation is important, and that quality collective transportation working at a high capacity is a priority.”

At one point some protesters got inside Fortaleza stadium during the Brazil v Mexico Confederations Cup game carrying placards to get their message across.

It is unsure if the reversed price hike will work. The initial anger has grown into nationwide protests against poor public services, inflation and the billions being spent on staging next year’s World Cup.

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GMOs linked to blood cell disorders, leukemia: New study

June 20, 2013 3:20 am | Leave a Comment |

A new study published in the open-access, peer-reviewed Journal of Hematology & Thromboembolic Diseases has revealed that GMOs indeed damage and toxify human blood cells, and can consequently lead to the development of deadly blood diseases like anemia and leukemia. … Read More

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Sizing Up Big Data, Broadening Beyond the Internet

June 20, 2013 3:09 am | Leave a Comment |

Internet companies were just the start. Virtually every field, from science to sports to public health, is being transformed by data-driven discovery and decision-making. … Read More

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NSA Utah Data Center Facility and New NSA Maryland Data Center Contract Amidst NSA Whistleblower Snowden’s Revelations

June 20, 2013 2:56 am | Leave a Comment |

The NSA was just awarded $565m to construct another massive NSA Data Center, along with the existing NSA Utah Data Center facility under construction. … Read More

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