The deputy governor of the Hungarian central bank resigns in protest at changes to the way the bank operates.
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Category : Business
The deputy governor of the Hungarian central bank resigns in protest at changes to the way the bank operates.
Read more: Hungary Bank deputy chief resigns
Category : Business
Hundreds protest outside parliament in Cyprus
Read the rest here: Protesters demonstrate against eurozone bailout deal outside Cyprus parliament – video
Members of pressure group who occupied energy firm’s plant in West Burton last year urge switch to smaller, greener suppliers
A group of environmental campaigners being sued for £5m by energy company EDF for occupying one of the company’s power plants in October last year has launched a website encouraging EDF customers to switch to alternative providers as a gesture of opposition to the civil action.
Members of the campaign group “No Dash for Gas” occupied EDF’s gas-fired power plant in West Burton for a week in October last year, protesting against fossil fuels and carbon emissions. Last month, 21 activists pleaded guilty to charges of aggravated trespass, and face possible custodial terms when they are sentenced later this month and in April.
Separately, EDF initiated civil proceedings against 21 of the campaigners to recoup what it says were damages in excess of £5m caused by the protest, a figure that includes staff and labour costs, delays to the completion of the station, specialist security and lost carbon emission credits.
The parents of one of the campaigners started a Change.org petition against the civil action two weeks ago, which has attracted more than 63,000 signatures, including those of Naomi Klein, Margaret Atwood, Richard Dawkins and Mark Ruffalo.
Supporters have created a stand-alone website, EDF*off, promoted via social media, giving their perspective on the case and encouraging readers to switch to small, green energy providers as a result of the civil action. The site claims the civil action is an attempt to stifle protest: “The civil lawsuit represents just 10 hours’ profit for EDF, yet could result in protesters losing their homes and being saddled with lifelong debts,” it claims. “It’s a tactic to deter more people from taking urgently needed action on climate change.”
The move follows messages left on Facebook and Twitter from people claiming to be EDF customers incensed at the move.
One Twitter user warned EDF they were “losing 5 business contracts with us for life because you’re attempting to sue those protesters”, while several dozen Facebook users wrote on EDF’s wall to say they were switching away from the provider in the days after details of the civil action were first published in the Guardian.
EDF said it supports the right to protest, but said a civil action against protesters was necessary.
“EDF Energy supports the right to lawful protest and respects differing points of view. However, the consequences of this illegal activity put lives at risk, caused considerable disruption to the site during its construction, and considerable financial losses,” said a spokesman. “It is important that those considering this kind of action understand that they may face consequences through civil action for the damage, cost and disruption they cause.”
US Secretary of State set to urge bickering leaders to end the political chaos that is blocking a large international loan
US Secretary of State John Kerry is calling on Egyptian leaders and opposition politicians to forge a political consensus that will allow the country to emerge from economic crisis. Kerry, who is on his first overseas trip as a member of Barack Obama’s cabinet, was scheduled to meet a number of opposition figures and Egypt’s foreign minister on Saturday. He will see President Mohammed Morsi on Sunday.
US officials said Kerry was particularly concerned that Egypt should make the reforms necessary to qualify for a $4.8bn International Monetary Fund loan package. One official said it was extremely important for the new Egypt for there to be a firm economic foundation, which required reaching agreement with the IMF. To get that Egypt must make reforms, like increasing tax collections and curbing energy subsidies.
Agreement with the IMF would also unlock significant US assistance, including portions of the $1bn that president Obama pledged last April. Getting the IMF deal will also be contingent on an end to the political chaos that has wracked the country since Morsi’s election. Kerry will press for all political players to come to a basic agreement on the country’s direction ahead of parliamentary elections that begin in April, the official said.
Liberal and secular Egyptians have complained that Washington is siding with Morsi’s ruling Muslim Brotherhood. The main opposition group, the National Salvation Front, has said it will boycott the upcoming elections. The US official said Kerry would not tell the front what to do, but would stress that they should participate if they want their ideas and values heard and represented. At the same time, the official said Kerry would impress on Morsi the need for inclusiveness and tolerance.
The visit by the US state secretary was marked by protest on Saturday. In Cairo’s Tahrir Square, a small group of anti-Morsi demonstrators held banners reading: “Kerry – member of the Brotherhood” and “Kerry, you are not welcome here”. The protests in the capital were largely peaceful. However, unrelated demonstrations Saturday in the Nile Delta city of Mansoura saw clashes in which at least one person died. Meanwhile in Port Said, a mob torched a police station, according to security sources.
Egypt has been locked in political crisis for months, amid waves of protests against Morsi that have repeatedly turned into deadly clashes and rioting. The opposition accuses the president and the Brotherhood, from which he hails, of dominating power in Egypt, effectively stepping in to the same role as the ousted autocrat Hosni Mubarak and failing to carry out reforms while seeking to instill a more religiously conservative system. Morsi’s administration and the Brotherhood say their opponents are trying to use street unrest to overturn their rule.
Kerry’s visit to Egypt is the sixth leg of a nine-nation dash through Europe and the Middle East. He will travel next to Saudi Arabia, the United Arab Emirates and Qatar.
Category : Business
Workers at the Spanish airline Iberia have begun a five-day strike in protest at planned job cuts and salary reductions.
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Students, teachers and union members take to Spain’s streets on Thursday to protest against government plans for cuts to the public education system
Go here to see the original: Thousands march in Spain against education cuts – video
Category : Business
US central bank confirms intrusion after hacktivist group Anonymous was claimed to have stolen 4,000 bankers’ details
The US Federal Reserve bank has confirmed one of its internal websites was broken into by hackers after the Anonymous group was claimed to have stolen details of more than 4,000 bank executives.
“The Federal Reserve system is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,” a spokeswoman for the US central bank said.
“Exposure was fixed shortly after discovery and is no longer an issue. This incident did not affect critical operations of the Federal Reserve system,” the spokeswoman said, adding that all individuals effected by the breach had been contacted.
The admission follows a claim that hackers linked to the hacktivist group Anonymous struck the bank on Sunday. The technology news site ZDNet separately reported that Anonymous appeared to have published information said to containing the login information, credentials, internet protocol addresses and contact information of more than 4,000 US bankers.
The claim was made via Twitter using an account registered to OpLastResort, which is linked to Anonymous, which has claimed responsibility for attacks on other government and corporate sites.
OpLastResort is a campaign some hackers linked to Anonymous have started to protest against government prosecution of the computer prodigy Aaron Swartz, who killed himself on 11 January.
The bank declined to identify which website had been hacked. But information it provided to bankers indicated that the site, which was not public, was a contact database for banks to use during a natural disaster.
A copy of the message sent by the bank to members of its Emergency Communication System (ECS) and obtained by Reuters warned that mailing address, business phone, mobile phone, business email and fax numbers had been published. “Some registrants also included optional information consisting of home phone and personal email. Despite claims to the contrary, passwords were not compromised,” the bank said.
The website’s purpose is to allow bank executives to update the Fed if their operations have been flooded or otherwise damaged in a storm or other disaster. That helps the bank assess the overall impact of the event on the banking system.
Hackers identifying themselves as Anonymous infiltrated the US sentencing commission website in late January to protest against the government’s treatment of Swartz.
Swartz was charged with using the Massachusetts Institute of Technology’s computer networks to steal more than 4m articles from Jstor, an online archive and journal distribution service. He faced a maximum sentence of 31 years if convicted.
Activists from the Ukrainian-based group Femen stage a topless protest for women’s rights at the 43rd annual meeting of the World Economic Forum in Davos, Switzerland
See the article here: Women’s rights activists protest at Davos – in pictures