Europe's Manufacturers Face a Test
Europe's industrialists are steeling themselves for a difficult six months, forecasting at best a stabilization in their business, and at worst a further drop in sales after a poor first quarter which most blamed on their European operations.
Europe: Italy’s President Grants Pardon in Rendition Case
Italy’s president pardoned a United States Air Force colonel convicted in absentia for the abduction of an Egyptian terrorism suspect in Milan in a Central Intelligence Agency operation.
Decade-Old Espionage Malware Found Targeting Government Computers
alancronin writes "Researchers have unearthed a decade-long espionage operation that used the popular TeamViewer remote-access program and proprietary malware to target high-level political and industrial figures in Eastern Europe. TeamSpy, as the shadow group has been dubbed, collected encryption keys and documents marked as 'secret' from a variety of high-level targets, according to a report published Wednesday by Hungary-based CrySyS Lab. Targets included a Russia-based Embassy for an undisclosed country belonging to both NATO and the European Union, an industrial manufacturer also located in Russia, multiple research and educational organizations in France and Belgium, and an electronics company located in Iran. CrySyS learned of the attacks after Hungary's National Security Authority disclosed intelligence that TeamSpy had hit an unnamed 'Hungarian high-profile governmental victim.'"
With No Buyer For The ST-Ericsson JV, Chipmaker Cuts 1,600 Workers And Prepares For Divorce
More developments on the grim story of ST-Ericsson, the unprofitable JV between Ericsson and STMicroelectronics that tried to kickstart a semiconductor business in Europe. Failing to find a buyer for the full operation, they will commence splitting up the assets instead, laying off 1,600 employees in the process.
Luxury Clothing Startup Everlane Crowdfunds Its Canada Launch, Targets More International Growth
It’s becoming very clear that crowdfunding isn’t just for nascent upstart projects anymore. The latest example of this: Everlane, the company that produces and sells luxury clothing and accessories at a discount since it’s online-only and vertically integrated, is raising $100,000 in a crowdsourced campaign to determine whether it will extend its reach into Canada. The effort, which began this morning, has been a big success so far, with some 480 contributors committing more than $32,000 just nine hours into the 17 day campaign. Crowdfunding for data’s sake — not for the money It bears mention that the money raised is not all that’s necessary being to fund the Canadian launch. “We’re not using any of this to fund the operations,” Everlane founder and CEO Michael Preysman said in a phone interview today. “It’s our internal benchmark. We said, ‘If we hit this mark, there are a lot of people in Canada who really want Everlane.’” Looking ahead, Preysman says Everlane ...