Gas glut could see household bills fall

People in Britain may soon be seeing the benefits of a glut in global gas supplies, with average household bills falling despite a growing dependence on imported fuel.

The news of falling bills follows on from disastrous week for global stock markets in the energy sector. Brent Crude suffered its biggest financial slump in four years in London yesterday, testing the $80-a-barrel mark. This is more than a 30% fall this year, 15% of which has been in the last month.
While investors have been watching aghast as billions of pounds were lost to market gyrations, a fuel glut and a slowing global economy have driven the oil price down to a level that could save the world $1.8bn a day on everyday fuel costs.

Sophisticated Attacks Over Hotel Wi-Fi exposed

Russian security firm Kaspersky Lab has discovered that criminals have been exploiting the wifi networks of certain luxury hotels in Asia to steal confidential information.

The group, known as the 'Darkhotel' hackers modified their code in order to target only the machines of those they wished to infiltrate. This indicates they had advanced knowledge of their victims' whereabouts and which hotels they would be staying in.

Can The Eurozone Really Bounce Back From Recession?

Frankfurt, home to the European Central Bank. Here, they are lagging behind The Bank Of England and the Federal Reserve when it comes to taking decisive action to prompt growth, and less creative in its choice of tools to get the job done.

Germany has just narrowly avoided a triple-dip recession, a great relieft, but expectations for Europe's two largest economies are still low. Things are looking slightly more rosy in France, with news that the economy had grown by 0.3%. Don't be fooled though, this growth hides are a more fundamental weakness in the country. This growth was entirely due to the French government's spending, combined with the accumulation of unsold goods.

4G To Receive A Speed Boost In Some UK Cities

The adoption of an improved version of 4G by some UK mobile operators means that many of us could soon be enjoying faster browsing speeds.

Dubbed 4G+ by EE, and 4.5G by competitors Vodafone, the new technology is capable of achieving up to 150 mbps. As we've come to expect, it is unlikely customers will actually reach those kinds of speeds. 90 mbps is a more realistic prediction, and still much faster than existing 4G networks.