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added: 19-07-2007

In the latest indication that the housing market remains in a correction phase, housing starts rose 2.3 percent in June to a seasonally adjusted annual rate of 1.467 million following downward revisions for the previous two months, the Commerce Department reported. Building permits, which generally are a harbinger of future building activity, were down sharply last month for both single-family and multifamily construction.

Commission Opens Europe's Single Market for Mobile TV Services

added: 19-07-2007

The Commission has adopted a strategy favouring the take-up of mobile TV across the 27 EU Member States. The Commission urges Member States and industry to facilitate and accelerate the deployment of mobile TV across Europe and to encourage the use of DVB-H as the single European standard for mobile TV.

Disappointing U.S. Earnings

added: 19-07-2007

Disappointing earnings, subprime worries and comments from the Federal Reserve chief Ben Bernanke sent all major gauges lower on Wednesday.

US: Producer Price Index in June

added: 19-07-2007

The Producer Price Index for Finished Goods decreased 0.2 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S.Department of Labor reported. This decline followed advances of 0.9 percent in May and 0.7 percent in April. At the earlier stages of processing, prices received by producers of intermediate goods rose 0.5 percent in June after increasing 1.1 percent in the prior month, and the crude goods index moved up 0.3 percent following a 2.0-percent advance in May.

Corn Ethanol Is No Fuel Solution

added: 19-07-2007

The future of biofuels is not in corn, says a new report released by Food & Water Watch, the Network for New Energy Choices, and the Vermont Law School Institute for Energy and the Environment.

China Software Outsourcing Industry Will Grow at an Annual Rate of 50% to 2009

added: 19-07-2007

China's software industry has gradually stepped out of the downturn since 2005, which is mainly attributable to the decreasing number of new entrants into the industry on one hand; and to software companies extending to software outsourcing market on the other hand. The software industry will go through a long-term rapid growth.

Commission Acts to Bridge Gender Pay Gap

added: 19-07-2007

Across the EU economy, women continue to earn an average of 15% less than men, according to the European Commission. A new report sets out ways the EU can bridge the gap – which has barely changed over the past decade.

U.S. Internet Users: 3 out of 4 Streamed Video Online in May

added: 19-07-2007

comScore Video Metrix report for May 2007, revealing that nearly 75 percent of U.S. Internet users watched an average of 158 minutes of online video per user during the month. Google Sites topped the monthly rankings with both the most unique video streamers and most videos streamed.

Construction Output up by 0.2% in the Euro Area

added: 19-07-2007

In the construction sector, seasonally adjusted production increased by 0.2% in the euro area (EA13) and by 0.1% in the EU27 in May 2007, compared to the previous month. In April, production decreased by 1.2% in the euro area and by 0.3% in the EU27. Compared with May 2006, output in May 2007 gained 1.8% and 1.9% in the euro area and in the EU27. In April the annual growth was 3.3% in the euro area and 4.8% in the EU27.

VoIP Enters a Period of Growth in China

added: 19-07-2007

In Europe and America, VoIP services have become the mainstream of long- distance voice services. A foreseeable logic trend is that VoIP services will replace traditional long-distance phone. With the demonstration of such successful cases, VoIP services are bound to make major progress in China in the next few years. Though the relevant authorities have yet to specify policies for VoIP services, all major telecom operators and some virtual operators have all tried such services.

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