The recent news from Australian business reveals the hacking of personal information from the Best western hotels last Thursday. It is understood that the hacker has taken all personal data of the customers including name, address, credit card details etc by entering into the database of the hotels.

The hotel is trying to have deals with the credit card partners for ensuring that, the relevant procedures and standards are met so that, the interests of their valuable guests are protected. They are investigating on the issue to know how this has happened and how the data has been stolen so that, steps can be taken to avoid a similar situation in the future.

The business experts from Europe observe that the euro zone is under the threat of recession. The business analysts and economists say that, there is only a least hope of Europe escaping this tough condition.

The economic data from business sectors are indicating alarming declines and the economies of countries like Italy and France has shrunk in the second quarter. The problem of unemployment is getting worse in Spain and Italy and the tight credit of people are trying to reduce the amount of consumption. The banking and financial sectors are the worst affected areas of these economic problems in Europe.