:00:00. > :00:00.Those are the latest headlines from BBC World News. Now for the latest
:00:00. > :00:16.financial news with Sally Bundock and World Business Report.
:00:17. > :00:23.Hacked. EBay reveals it's become the latest victim of a surge in cyber
:00:24. > :00:29.crime ` in one of the biggest ever thefts of personal data. Rock`bottom
:00:30. > :00:33.rates are here to stay, for now. The Fed hints it's in no rush to raise
:00:34. > :00:46.the cost of borrowing ` boosting global markets.
:00:47. > :00:49.Welcome to World Business Report. I'm Sally Bundock ` also in the
:00:50. > :00:52.programme there are signs that moves by the Chinese government to counter
:00:53. > :00:55.a slowdown in the world's second biggest economy are working. But
:00:56. > :00:59.first.... If you are a user of eBay you'll shortly be getting a message
:01:00. > :01:02.` or may already have received one ` telling you to reset your password.
:01:03. > :01:05.On Wednesday the site revealed it has become the latest big
:01:06. > :01:12.corporation to fall victim to cyber attack. EBay says hackers got into a
:01:13. > :01:15.database containing customers' passwords ` as well as personal
:01:16. > :01:18.information like addresses and phone numbers. EBay won't say how many
:01:19. > :01:25.people are affected, but it has some 145 million registered users who buy
:01:26. > :01:27.and sell on the site. It says there's "no evidence" its electronic
:01:28. > :01:34.payment service PayPal was hacked ` since its data including credit card
:01:35. > :01:46.details is stored separately. EBay is far from alone. According to
:01:47. > :01:48.security firm Symantec ` the number of computer security breaches around
:01:49. > :01:56.the world jumped 62% last year Technology journalist Rupert
:01:57. > :02:00.Goodwins is with me now. Names, addresses, telephone numbers of
:02:01. > :02:05.millions in the hands of hackers. How worried should we be? You should
:02:06. > :02:10.certainly change your password if you are an eBay user and you should
:02:11. > :02:18.change it as well on other sites if you have used the same one. The most
:02:19. > :02:26.private information they seem to have got is birth dates, which is
:02:27. > :02:29.not very private anyway these days. You should be aware that people
:02:30. > :02:40.might try to contact you saying they are from eBay and asking for
:02:41. > :02:46.details. A company like this, you would expect, would have very good
:02:47. > :02:52.security, are you surprised that this has happened or are hackers
:02:53. > :03:01.becoming more clever and difficult to predict? Like any company, it has
:03:02. > :03:06.a compromise to make. If you have a problem with it, you call up and
:03:07. > :03:11.expect that they will have the information so it must be available
:03:12. > :03:15.within the company. As soon as someone gets through the first line
:03:16. > :03:19.of the fence and the company, it is easy to access that information.
:03:20. > :03:25.There is no sign that the hackers have been able to read the password
:03:26. > :03:28.files. In general, public information like this is not capped
:03:29. > :03:34.to as high of a standard as more detailed financial information. This
:03:35. > :03:39.is the sort of reach we will see a lot of. In the past year there have
:03:40. > :03:45.been 800 million cases of incorrect information being lost. We will have
:03:46. > :03:52.to get used to it. Obviously we can do a lot as individuals to row text
:03:53. > :03:59.ourselves. What can be done to try to prevent this? Security has to
:04:00. > :04:08.become tighter and tighter but at the end of the day, hackers will
:04:09. > :04:14.find a way? Not always, but quite often. It sounds as if they had
:04:15. > :04:18.caught employee information and logged in with it. You can always
:04:19. > :04:26.assume that it will be access possible. Information is no good
:04:27. > :04:32.unless you can read it, so there is a compromise to be made. How
:04:33. > :04:37.damaging is this for eBay? It will be embarrassing but it is not the
:04:38. > :04:45.largest hack of its kind. It will survive perfectly well. Thank you.
:04:46. > :04:56.You heard the advice, change your password quickly. Markets have been
:04:57. > :04:59.getting a boost from hopes that getting a boost from hopes that US
:05:00. > :05:00.interest rates could be staying at their rock`bottom levels for some
:05:01. > :05:04.time to come. Minutes time to come. Minutes from the April
:05:05. > :05:06.meeting of the US Federal Reserve showed policymakers discussed
:05:07. > :05:10.raising the cost of borrowing ` which has been close to zero since
:05:11. > :05:13.2008 ` but have set no timetable for doing so. Samira Hussain in New York
:05:14. > :05:20.explains. This gives an indication of what the people, the
:05:21. > :05:24.policymakers, are thinking and what goes behind some of the actions. In
:05:25. > :05:29.their last statements, we did not hear anything new, it was all
:05:30. > :05:36.reduction of asset purchases and the retention of interest rates near
:05:37. > :05:41.zero. But what we were really interested in was the thinking in
:05:42. > :05:45.terms of when, in fact, we may see interest rates start to make their
:05:46. > :05:51.climb. We see that the Federal Reserve officials have begun these
:05:52. > :05:56.discussions but they were very clear and careful to make sure that people
:05:57. > :05:59.understood that just because they are beginning discussions about
:06:00. > :06:07.interest rates, it does not mean that there will be a rise in the
:06:08. > :06:10.imminent future. Asian markets have had a further boost from better than
:06:11. > :06:16.expected news about the Chinese economy. Let's get the details from
:06:17. > :06:22.Rico Hizon in Singapore. Tell us more about China. I understand that
:06:23. > :06:29.the manufacturing sector has been doing rather well. That is right. It
:06:30. > :06:39.has given a big sigh of relief for Asian investors who were awaiting
:06:40. > :06:47.these results. It is better than expected data. It is the best
:06:48. > :06:57.performance in five months. It gained 49 points seven percentage
:06:58. > :07:03.points in May. The number indicates that manufacturing did shrink
:07:04. > :07:17.overall because anything over 50 is a game and anything below is a pro
:07:18. > :07:21.traction `` gain. This suggests that the targeted measures of the
:07:22. > :07:27.government announced last quarter, one of which was spending on the
:07:28. > :07:32.public sector, is starting to have an impact. Chinese shares are rising
:07:33. > :07:38.together with South Korea and Australia. A good day for Asian
:07:39. > :07:46.markets. We like to hear that. Thank you. The increasingly fraught
:07:47. > :07:52.relations between Russia and the West are in the spotlight today. In
:07:53. > :08:02.the city of St. Petersburg, Vladimir Putin is due to address the public
:08:03. > :08:11.tomorrow. Now we go to our correspondant. Welcome to our
:08:12. > :08:18.coverage of the St. Petersburg International Economic Forum. Last
:08:19. > :08:22.year, the German chancellor was addressing the world at a much
:08:23. > :08:27.better time in which Europe was pretty happy about the huge trading
:08:28. > :08:32.goods and services that many of its companies had and the fact that
:08:33. > :08:41.Russia was supplying up to 20% of the continent's gas. Now, business
:08:42. > :08:47.leaders are choosing to stay away to express their views about the
:08:48. > :08:54.annexation of Crimea by Russia and its ambitions in eastern Ukraine.
:08:55. > :09:02.Other business leaders from Europe will be here, but they will be
:09:03. > :09:09.avoiding the limelight and not giving any interviews. They do not
:09:10. > :09:14.want to upset the country from which they derive a lot of earnings. The
:09:15. > :09:19.promise of sanctions being stepped up into a third phase if there are
:09:20. > :09:23.any more problems in the Crimea are always on the horizon but the
:09:24. > :09:30.reality is that the capital flight out of Russia has been far more
:09:31. > :09:37.serious than the sanctions have been. 200 billion euros has been
:09:38. > :09:45.taken out of the country it is estimated. That is the biggest worry
:09:46. > :09:59.for businesses caught in the crossfire. Look at these markets.
:10:00. > :10:18.Let's have a look at how the US closed. That is all from us today.
:10:19. > :10:33.We will review the papers in a few minutes. Hello again. Voting starts
:10:34. > :10:34.seven o'clock this morning in elections to the