Wednesday 24 November: Roundup of the IT news from the national and international press.
A Europe-wide shopping mall will arrive faster than anyone predicted, writes Newsweek. On the Internet a transcontinental shoppers' paradise is fast emerging, the paper claims, as Europeans look for better prices and products from other countries, and retailers try to establish a European customer base.
Music group EMI has said it is to speed up its move online, reports The Daily Telegraph. The company, which has acquired a stake in five Internet companies, expects the Internet to account for 10 per cent of its business in the next five years. EMI yesterday unveiled a 9.9 per cent rise in pre-tax profits.
Vodafone has warned Mannesmann that it will not increase its takeover offer, writes The Guardian. Chris Gent, Vodafone chief executive, is in Germany hoping to persuade the company to accept the bid. Mannesmann yesterday revealed rising profits from telecom activities of 45 per cent to euro 1.061 billion.
USA Today reports that the Internet is averaging one billion hits per day in the US. Online measurement service Media Metrix recorded 32.2 billion page views in October, 49 per cent more than the same time last year. AOL, Yahoo, Microsoft, Lycos and the Go Network are the top five US properties.
The Bill and Melinda Gates Foundation is to give $750 million to help immunise and protect poor children around the world against disease, writes The San Jose Mercury. The donation from the Microsoft chairman will help create the Global Fund for Children's Vaccines.
The Financial Times reports that telecommunications operator Energis is to accelerate expansion in the UK and Europe. The company, which acquired Dutch telecoms firm Enertel earlier this month, plans to build six Internet data centres in Europe. Energis will also build five new metropolitan networks in the UK.
Nintendo has reported a first half net profit fall of 46 per cent from the same time a year earlier, writes The Wall Street Journal. The company said the appreciation of the yen is a major reason for the decline.
Increased offer only valid at previous valuation of NXP Semiconductors, argues Broadcom
Electronics and computer chain the latest high street retailer to fall into difficulties
Incisive Media and Investec Asset Management supported fundraiser crosses Atlantic in 40 days
Alphabet's health sciences division Verily have been messing with AI algorithms