Business

How to sink the Cyprus economy and attack David Cameron

Kieran Salsone
Kieran Salsone Thaii Chung

Cyprus votes on a tax on bank savings as bailout looms

THE President of Cyprus was scrambling to gather support in parliament for an international bailout that imposes a tax on people's savings, before banks reopen and panicked residents try to withdraw their money.

Parliament was meant to vote on the tax on Monday, but the decision prompted such outrage that the emergency session was postponed.

Cyprus Social Democrats leader Giannakis Omirou called the bailout neotiations 'outright blackmail' while Brussels maintained it was in fact 'bloody hilarious'.

More than 71,500 jobs created in February

MORE jobs were created in February than any other single month in the past 12 years, data from the Australian Bureau of Statistics revealed on Thursday.

The latest employment figures revealed more than 71,500 were created in February, taking the total number of people employed to more than 11.6 million.

An opposition spokesperson said that the figures were "yet another example of Labor's ... wait ... how many?"

Boxer drives to troll's house for confrontation


After losing his country's light-welterweight title to Shayne Singleton, Curtis Woodhouse started receiving abusive tweets from @jimmyob88.

The boxer put the call out and eventually found out the Twitter user's real name and the street where the "keyboard warrior" lived.

An internet user group has called the stunt "a win for normal internet users" while the police have called it "illegal"

EA CEO John Riccitiello steps down amid PR backlash


EA, publisher of games like Sim City and The Sims 3, today announced that John Riccitiello will step down as Chief Executive Officer and as a member of the Board of Directors, effective March 30.

Mr Riccitiello has presided over EA during a time of disastrous public relations and ire from the gaming community.

Gamers are calling the resignation "EA's best release in years."

Major UK newspaper groups vow to fight new regulations


BRITAIN'S largest newspaper groups are on a collision course with the Government over press regulation, after signalling their anger at the imposition of "several deeply contentious" issues in a Royal Charter announced in Parliament by the Prime Minister.

After more than 100 hours of talks, David Cameron, Nick Clegg and Ed Miliband shook hands on an agreement after a marathon negotiating session completed in the small hours of this morning.

Emboldened by the move, children across the UK are vowing to fight back against broccoli, brussel sprouts and homework.

Australia clamouring for Chinese investment dollars

COMPETITION for Chinese investment is heating up, despite Australia remaining atop the pile for the eighth year running last year, a new study has revealed.

The KPMG-University of Sydney China Studies Centre released its latest research on out-bound investment flows from the huge economy on Friday.

The race to sell Australia to the highest bidder has yet to cut down property prices.

Airport worker posts plane crash pic to employer's facebook

LONDON Luton airport apologised after a "new, over-enthusiastic member" of its staff posted an image of a plane crash to the company's Facebook page.

The caption read: "Because we are such a super airport...this is what we prevent you from when it snows...Weeeee :)".

The social media worker is expected to make a fortune working in the tabloid press.

Topics:  cyprus ea games economy Frisky Business kieran salsone opinion social media


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