China emerging as player in
global arms trade
• China is emerging as a competitor in the international arms
market , offering increasingly sophisticated fighter jets , missiles
and equipment that are beginning to rival Russia and other
• With the same low-cost strategy that worked for toys and
electronics, Chinese firms are targeting cost-conscious
customers, albeit in an industry still dominated by the United
States, Russia, France and Britain.
European IT services firms
see little 2011 growth
• European IT services providers will return at best to only
tiny growth next year as companies and governments keep
a tight lid on spending.
• There are no large IT outsourcing deals on offer, and while
companies continue to look for smaller deals, pricing
pressure on these is intense, IT services company
executives told an investor conference in Spain.
Facebook messaging poses risks
for users: Tech watchdog
• Facebook's new online messaging service makes users of the
social networking site more vulnerable to identity theft by
cybercriminals, computer security firm Sophos warned.
• It urged users to be aware of the security risks before signing up
for Facebook's next-generation online messaging service that
blends online chat, text messages and other real-time
conversation tools with traditional email.
• Sophos noted that fraudsters are increasingly using hacked
Facebook accounts to send spam messages -- compared with
traditional emails -- because they are more likely to be opened
by recipients lured to think the messages came from friends.
Anshu Jain's CEO challenge
• Germany’s flagship lender faces months of implementing new rules in an
investment banking environment where risk-taking is increasingly difficult,
causing some senior figures to question whether Jain is the natural choice
for the top job.
• Though Ackermann retires in 2013, the bank’s selection process is in train
and Deutsche may choose to appoint a new CEO shortly after it completes
Phase IV of its management agenda which targets €10 billion in pretax
profit in 2011.
• Senior Deutsche Bank executives and members of the supervisory board-
the body tasked with selecting the next CEO of Germany’s flagship bank-
signal it’s not a foregone conclusion that Jain will get the job.
• The captain of the ship needs to give a direction and detect icebergs, but
he doesn’t have to row the boat,” a member of the supervisory board said,
indicating that a candidate who generates a lot of Deutsche’s business may
not necessarily be best suited to head the Frankfurt-based lender.