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E-commerce in Latin America to surpass $16 billion this year, Visa says

Retail e-commerce in Latin America, including travel and tourism, rose to nearly $11 billion in 2007, up from about $5 billion in 2005 and $7.78 billion in 2006, and is expected to surpass $16 billion this year and reach nearly $30 billion by 2010, Visa Inc. says in a new study, “B2C Electronic Commerce in Latin America and the Caribbean: Beating All Odds.”

US titanium-dioxide market to top $2 billion in '09 on nanotech

US exports of titanium dioxide -- the naturally occurring oxide of titanium -- will grow by 21% to $1.5 billion this year, and could top $2 billion next year, as the commodity rebounds on strong sales of nanotechnology-based products, according to market reseach firm SBI. These nano-based products containing the material include self-cleaning windows and fabrics and pollution-busting paints, according to SBI's new report entitled The US Market for Titanium Dioxide. The new technology coupled with a wide range of uses will drive the US market for titanium dioxide, with the market jumping to $2.2 billion in 2009 and $2.3 billion by 2012. What's more, the market for the material's current uses -- including paints, printing inks, plastic and paper products, food, cosmetics, ceramics and rubber -- "are keeping export levels robust," the report

Apple says iTunes has sold more than 5 billion songs

Apple, maker of the iPod media player, said its iTunes online store has sold more than 5 billion songs since its debut five years ago as more fans abandon record shops for the Web. The site is the most popular in the United States for legal music downloads, with more than 8 million songs. ITunes customers also are renting or buying more than 50,000 movies a day, Apple said Thursday in a statement. Sales of CDs and music DVDs fell 13 percent to $15.9 billion last year, the International Federation of the Phonographic Industry said yesterday. Sales of downloaded songs and mobile-phone ring tones rose 34 percent to $2.9 billion.

UAE personal loans jump 11pc to $13.2bn

The personal loans registered a 11 per cent jump in three months from Dh43.5 billion ($11.8 billion) at the end of 2007 to Dh48.4 billion ($13.2 billion) during the first quarter of 2008, according to the UAE Central Bank.

Software piracy leads to Dh9b losses in MEA

Dubai: The losses from software piracy in the Middle East and Africa (MEA) stood at $2.45 billion (Dh9 billion) in 2007, an increase of 23.73 per cent when compared to $1.98 billion (Dh7.26 billion) in 2006, a study on global piracy trends shows.

Sony Reports 4Q Profit

For the fiscal fourth quarter 2008, Sony posted a profit of 29 billion yen (approx. $277 million), a reversal from a loss of 67.6 billion yen in the same period last year. For the financial year through March, Sony earned a profit of 369.4 billion yen ($3.5 billion), a record for the company.

EMEA video game market will reach $15.4b in three years

Dubai: The overall video game market in Europe, Middle East and Africa (EMEA) is expected to reach $15.4 billion (Dh56.52 billion) in 2011, growing at a compound annual rate of 10.2 per cent from $11.13 billion (Dh40.85 billion) in 2007, the top executive of Turtle Entertainment said.

Software piracy dips to 69% in India

Piracy on personal computers in India fell to 69 per cent for 2007 from 71 per cent in 2006. However, industry losses due to it rose to $2 billion (around Rs 8,500 crore) in 2007 from $1.28 billion in 2006. Globally, the loss increased by a whopping 500 per cent from $8 billion to $48 billion.

iTunes hits 5 billion sold milestone

iTunes hits 5 billion sold milestone Apple has announced that its popular iTunes platform has hit yet another milestone, 5 billion songs purchased since the store's launch in April 2003.

AMD posts a loss of $1.19 Billion for Q2

AMD posted a loss of $1.19 billion for Q2 on revenue of $1.349 billion. That figure is 7% below Q1'08 and 3% higher than their performance from a year ago. That loss includes an $880 million goodwill writedown as a result of their ATI acquisition. AMD announced that they divested themselves of their consumer electronics business (formerly ATI's DTV/handheld division), although they didn't state if that is the result of a pending sale of the unit. Excluding the goodwill charge, AMD's Q2 loss was $269 million, which is much better than Q2'07 when AMD lost $531 million.

iTunes downloads reach five billion

The company said that it had reached the milestone just 10 months after hitting three billion songs, and only 27 months after hitting the one billion download mark.

France backs $5 billion program aimed at Crolles3

Seeking to foster innovation in microelectronics in the Grenoble area, France has agreed to provide subsidies to a new alliance between STMicroelectronics NV, IBM Corp. and the CEA. The "Nano 2012" strategic investment program, commonly called "Crolles3", represents an investment of 3.6 billion euros ($5.65 billion) and is expected to create 650 new jobs.

Cientifica: Value of Nano-Enabled Products Reaches $166.6 Billion in 2008

Global Funding for Nanotechnology in 2008 Amounts to over $25 Billion with a Billion Dollars of Venture Capital Generating Scant Return

Software Industry Says Piracy Costs $48 Billion

Pirates caused the software industry to lose nearly $48 billion in sales last year, even as most countries experienced declines in their piracy rates, according to the latest annual study commissioned by the Business Software Alliance. The fifth annual report determined that from 2006 to 2007, overall losses grew by $8 billion and worldwide piracy rates increased by 3 percentage points to 38 percent.

Electronic Arts again extends deadline for $2 billion Take-Two offer

NEW YORK (AP) - Video game publisher Electronic Arts is extending the deadline on its $2 billion (euro1.29 billion) tender offer for smaller rival Take-Two Interactive for a third time.

Microsoft said to have offered USD 1 billion for Yahoo Search

Microsoft has stated in a letter to their employees that they offered USD 1 billion to Yahoo for their search assets. This was in addition to another USD 8 billion investment in the rest of the company.

Electronic Arts again extends deadline for $2 billion Take-Two offer

NEW YORK-Video game publisher Electronic Arts Inc. has for a third time extended the deadline for its $2 billion (€1.28 billion) tender offer to buy smaller rival Take-Two Interactive Software Inc., but it did not raise the price as many analysts had expected.

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