World

Big depositors in Cyprus to lose far more than feared

NICOSIA,  (Reuters) – Big depositors in Cyprus’s largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.

South Africa says Mandela makes progress, in good spirits

SOWETO, South Africa,  (Reuters) – South African former President Nelson Mandela is in good spirits and making progress, doctors said today, after the 94-year-old anti-apartheid hero was taken to hospital for the third time in four months for a lung infection.

Reuters World News Highlights

NICOSIA – Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island’s banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.

Internet slowed by cyber attack on spam blocker

LONDON,  (Reuters) – One of the largest ever cyber attacks is slowing global internet services and the disruption could get worse, experts said yesterday, after an organisation blocking “spam” content became a target.

Cyprus to reopen banks, impose capital controls

NICOSIA,  (Reuters) – Cyprus trucked out cash for its banks last night to prepare them to reopen to a siege by anxious depositors, with tough controls imposed on the use of currency to avert a bank run as a result of its harsh rescue deal.

Reuters World News Highlights

SEOUL – Reclusive North Korea is to cut the last channel of communications with the South because war could break out at “any moment”, it said on Wednesday, days of after warning the United States and South Korea of nuclear attack.

Internet slowed by cyber attack on spam blocker

LONDON,  (Reuters) – One of the largest ever cyber attacks is slowing global internet services and the disruption could get worse, experts said today, after an organisation blocking “spam” content became a target.

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