Global financial institutions are in the spotlight following a warning from the US rating agency Moody’s.

European aviation authorities are taking a more pragmatic approach to the latest volcanic ash clouds affecting air travel.

Instead of blanket closures of air space, national agencies are handling the matters as best they can withjin the safety guidelines.

At the weekend, airlines were forced to cancel hundreds of flights across Europe and add hours to transatlantic journeys as planes were diverted around ash clouds from a still erupting Icelandic volcano.

The phishing attack on Hotmail has highlighted the relaxed approach users take when setting their passwords.

On Tuesday more than 10,000 Hotmail users, mainly based in Europe, had their accounts compromised and their usernames and passwords stolen and posted on pastebin.com.