Trust Digest March 30, 2013

US Companies In China Distrust Cybersecurity Efforts And Claim Data Breaches
U.S. companies with operations in China are weary about cybersecurity and 90 percent of them distrust China's cloud computing services, according to a new report from a business support lobby in Beijing.
Key Words: Cyber Security, Cyber Attacks
Trust Issues: Ethics, Integrity, Transparency

Young entrepreneurs mix business, social responsibility
As more Millennials enter college and start businesses, finding ways to satisfy both economic and social bottom lines has captured the attention of business programs across the country. 
Key Word: Profit With Social Impact
Trust Issues: Responsibility, Integrity, Ethics
 
To survive, the EU must repair trust damaged by the Cyprus crisis
The decisions taken in the past week over Cyprus by eurozone finance ministers, the IMF and European Central Bank have caused a fundamental breach in public trust, which if not properly addressed could cause the whole financial framework of the EU to unravel.
Key Word: Fundamental Breach In Public Trust
Trust Issues: Integrity, Ethics, Responsibility
 
Sprint Merger Complicated by U.S. Distrust of Huawei, ZTE
Sprint's $20.1 billion deal with Softbank, Japan's third-largest wireless carrier, is being complicated by the U.S. government's distrust of China-based telecom equipment providers ZTE and Huawei.
Key Word: Mutual Trust
Trust Issues: Integrity, Ethics, Reputation
 
Cyprus Shows Trust in ECB Is Misplaced
Ever since European Central Bank President Mario Draghi said last July that the bank will do whatever it takes to preserve the euro, complacency has pervaded Europe’s single-currency area. This was always a false assumption, as events in Cyprus have made clear. There are significant limitations to the support the ECB is willing or able to offer, even to such a tiny island economy whose needs are easily affordable.
Key Words: European Central Bank ECB, Capital Controls, Political Risk
Trust Issues: Accountability, Responsibility