Galt Global Review

QFS 360

July 15, 2003
business digest


European Roundup
by Mario Caciottollo

headlines:
Tax cuts boost the economy
Britain home of new “Modern Wonder of the World”
Stem cell research: To be, or not to be?
Computer viruses on the rise

Tax cuts boost the economy
The German cabinet has agreed upon a series of tax cuts that were initially proposed by Hans Eichel, the country’s finance minister. According to Eichel, the cuts are designed to boost Germany’s stagnant economy.

Across the border, the President of France Jacques Chirac has urged his parliament to adopt similar measures in his own nation, for exactly the same reasons.

Britain home of new “Modern Wonder of the World”
The Royal Botanic Gardens in London, known as Kew Gardens, is to be included as a modern wonder of the world, alongside such famous landmarks as the Taj Mahal and the Great Wall of China.

The United Nations has recognised the gardens as having a “unique cultural landscape” and has bestowed it with World Heritage Site status.

The site, which covers 132 hectares, contains some of the largest and best-known botanical glasshouses, historic buildings and gardens that are visited each year by over a million people.

Stem cell research: To be, or not to be?
European nations opposed to research on embryonic stem cells could block proposals by the European Union to fund further research into the use of frozen human embryos.

The European Commission has said the EU should fund embryonic stem cell research on cells, which are taken from frozen human embryos, but not in countries where the technique is banned.

However, those countries currently banning stem cell research may still oppose the introduction of the EU’s plans by voting against the proposal.

Sweden, Finland, Greece, the Netherlands and Britain currently allow stem cells to be harvested from 'spare' IVF embryos, but this practise is still illegal in Germany, France, Ireland and Spain.

A moratorium on EU funding for stem cell research ends on December 31, by which time the European Commission hopes the new funding rules can be introduced.

Computer viruses on the rise
Business internet services firm Via Net.Works UK has released figures that show the number of viruses affecting the computer systems of small businesses in the UK reached a record high last month.
The figures show that the number of virus-infected emails received by small firms and detected by the company's anti-virus software rose to one in every 120 during the month of June.

This is in comparison to just one in 420 the month before.

Via Net.Works UK also said that the number of new viruses increased from 24 to 35 in June, which is the highest number to be detected in a single month so far in 2003.

The firm advised small businesses to ensure their computer security systems are regularly updated against potential new threats to make sure they have the best protection.

According to the Department of Trade and Industry (DTI), 44 per cent of UK businesses are subject to electronic attacks at least once a year, and the average cost of an attack is estimated to be £30,000.