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added: 24-11-2007

comScore, a leader in measuring the digital world, released its monthly comScore qSearch analysis of the search marketplace. Among core search engines in October 2007, Google Sites remained the top search property with more than 6.1 billion core searches conducted, representing a 58.5 percent share of the search market. October was a strong month for overall search activity, as each of the five core search engines achieved at least 5 percent growth in the number of searches conducted.

Digital To Be One-Third of US Music Sales

added: 24-11-2007

In the music industry, the transition to digital platforms is underway, but it may not be soon enough.

Banking Sold Online, Serviced Offline

added: 24-11-2007

Financial services remain the largest online advertising category in the United States, after the conglomeration of “consumer related” categories such as automotive and media advertisers.

Cost of Building in China 45% of Cost in Hong Kong

added: 23-11-2007

China's booming construction sector comes fifth in the East Asian league table of building costs, reveals a newly published survey of the world's fastest growing economic regions, conducted by the Royal Institution of Chartered Surveyors (RICS). The cost of building in China - the fastest growing major economy in the world - is comfortably behind those of its more developed neighbors, but there are signs of skills shortages that could inject inflationary pressure into the system. These costs remain a fraction of the building costs in Western countries such as the UK.

The European Commission Suggests Ways to Improve Administrative Cooperation in the Fight Against VAT Fraud

added: 23-11-2007

As a follow-up of the Communication for a European strategy to combat tax fraud and on request of the ECOFIN Council in June 2007, the European Commission has adopted a communication containing a number of key elements for improving Member States' capacity to tackle VAT fraud, in particular missing trader fraud (carousel fraud). The purpose of the Communication is to seek political guidance for future work from the ECOFIN Council meeting on 4 December 2007.

China Leads the US in Digital Self-Expression

added: 23-11-2007

Millions of young Chinese are embracing the Internet as a discreet space for their thoughts and emotions, according to a survey of Chinese and American youth released by IAC, which operates businesses in sectors being transformed by the Internet, and JWT, the fourth largest advertising agency network in the world.

EU: More Science Funding Needed to Meet CO2 Targets for Car Industry

added: 23-11-2007

Research funding needs to be increased to meet binding CO2 targets in the car industry, says the Industry Committee's report on a competitive automotive regulatory framework (CARS 21). The committee adds that cars should be permitted to emit more CO2 if these emissions result from mandatory safety measures, and that intellectual property rights must be effectively protected worldwide.

US Mortgage Rates Down Slightly

added: 23-11-2007

Mortgage rates declined slightly this week, with the average conforming 30-year fixed mortgage rate now 6.29 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.35 discount and origination points.

Emerging East Asian Bond Markets Resilient, But Risks Loom

added: 23-11-2007

Strong economic growth and improved financial systems along with limited exposure to U.S. subprime mortgages have helped curb spillover effects of global credit woes on emerging East Asian economies, but risks loom, says a new report issued by Asian Development Bank (ADB).

Euro Area Balance of Payments in September 2007

added: 23-11-2007

The working day and seasonally adjusted current account of the euro area was close to balance in September 2007, reflecting surpluses in goods and services which were nearly offset by the deficit in current transfers. In the financial account, combined direct and portfolio investment recorded net inflows of EUR 24 billion.

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