IHT Rendezvous: Top Pirate Quits as Tide Turns Against Somali Raiders

LONDON — A notorious Somali sea raider known as Big Mouth is a pirate with a retirement plan.

He announced this week that he was quitting after an eight-year career in which he and his pirate crews plagued shipping in the Indian Ocean and raised millions of dollars in ransom.

Big Mouth — Mohamed Abdi Hassan — was named in a United Nations report last year as one of the most notorious and influential leaders of a Somali pirate network.

His decision to call it a day may be further evidence that international action, including patrols by European and other navies, is at last succeeding in containing the piracy scourge off the coast of east Africa.

“I have decided to renounce and quit, and from today on I will not be involved in this gang activity,” the pirate leader said in Somalia’s northern region of Adado on Wednesday. (You can watch his valedictory press conference here.)

He said he had also successfully encouraged many of his colleagues to quit.

Mr. Hassan’s decision came in the same week in which Koji Sekimizu of Japan, head of the International Maritime Organization, said 2012 saw a sharp reduction in successful piracy incidents off the coast of Somalia and in the Indian Ocean.

During the course of the year, the sea raiders only succeeded in capturing 13 vessels, as against 49 in 2010 and 28 in 2011, a year that saw a record number of pirate attacks.

The European Union’s naval task force in the region said last April that factors in the decrease included more armed security aboard merchant vessels and the presence of foreign navies.

Timo Lange, the spokesman for the force, said recently that anti-piracy efforts had been enhanced by a European decision to allow navies to destroy pirate supplies on shore, whereas previously that power was limited to the open waters.

In May, the force performed its first shoreline operation, sending an aircraft over the Somali coast to destroy pirate equipment that had been assembled for a mission.

In Big Mouth’s case, an additional factor in his decision to quit might have been the provision of a diplomatic passport by Somalia’s transitional government as an inducement. Last year’s U.N. report said the pirate boss had used it to visit his wife and family abroad.

The biggest anti-piracy victory of the year came last month, when naval police from the breakaway province of Puntland overran a pirate stronghold and liberated the MV Iceberg, a Panama-flagged cargo vessel, and its 22 crew members, who had been held for almost three years.

Mr. Sekimuzu cautioned this week that the scourge was not yet over. Twelve vessels and 159 people were still in the hands of Somali pirates, he said.

There are also concerns that the eventual scaling back of some naval forces might encourage a resurgence.

In Britain, which is facing naval cutbacks, a consortium of business executives has set up the country’s first private navy in 200 years. This year it will start protecting shipping in the Indian Ocean and elsewhere at a daily cost of $10,000 to $12,000 per vessel.

Meanwhile, the maritime authorities are warning seafarers that a decline in piracy off Somalia is being offset by an increase in incidents off West Africa. There were 32 attacks in the Gulf of Guinea in the first half of 2012, as against 25 in the same period the previous year.

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Skype founder browses globe for next tech earner






LONDON (Reuters) – Niklas Zennstrom, co-founder of internet phone service Skype, believes the next hot tech business will just as likely spring from Istanbul or Sao Paolo as from Silicon Valley or the coolest districts of London.


And he is prepared to fly around the world to find it.






“Talent can pop up anywhere in the world, it’s not just one city block,” the Swedish entrepreneur and venture capitalist said at the headquarters of his Atomico fund, based on upmarket New Bond Street in central London.


Zennstrom, who retains faint traces of a Swedish accent despite his years of globetrotting, is looking for start-ups ready to shift up a gear into new markets and has the experience, gained from growing Skype into a service used by millions around the world, to help them.


Skype was sold to eBay Inc in 2005 for roughly $ 3 billion, before being bought back by a consortium including Zennstrom in 2009 and then two years later sold on to Microsoft Corp for $ 8.5 billion, leaving him a multi-millionaire.


“If you have a product that works it’s important to scale (up) the business as quickly as possible,” said Zennstrom, named by Time Magazine in 2006 as one of its 100 most influential people. “As entrepreneurs, usually you may not have that experience; how does Asia work? Europe? Latin America?”


Atomico, founded by Zennstrom in 2006, has invested in companies in northern Europe including Finland-based Rovio, developer of Angry Birds, and Hailo, a London-based startup that has developed an app that connects passengers with taxi drivers and has raised $ 20 million so far.


It also led a $ 105 million funding round for U.S. online retailer Fab in July.


FUTURE PORTFOLIO


The investment fund, whose London office reception is decked out with simple designer furniture and modern art pieces, has opened offices in Turkey and Brazil, emerging markets with growing middle classes eager to shop online and buy internet services.


Zennstrom wants to make these markets a large part of Atomico’s portfolio in future.


The firm in 2011 backed Brazilian online retailers such as car parts supplier Connect Parts and announced a $ 16 million investment in a Russian online travel agency in October.


Atomico is not necessarily looking for the latest gizmo or internet trend, but savvy businesses with talented leaders who can take advantage of growth in nascent sectors such as e-commerce.


And Zennstrom, softly spoken and wearing an open-necked shirt and dark jacket, believes emerging market growth is fuelling a new breed of optimism and ambition.


“It’s a much more of an entrepreneurial spirit (in Turkey and Brazil) compared to southern European where it’s a depressed mindset,” he said.


Zennstrom earned his stripes in the tech world after helping launch file-sharing service Kazaa more than a decade ago, which failed as a business but paved the way for Skype.


He said getting investment today was far easier than when he was starting Skype. It took him a year to secure funding, whereas today the most talented entrepreneurs with the best ideas could take their pick of investors.


There is also increasing recognition that entrepreneurs might want to realize some of the value of their creations, something he said was lacking when Skype became successful.


“There was really no IPO market and it was not really accepted for founders to sell some of their shares to get some money off the table,” he said, adding that before Skype was sold to eBay, he could not even secure a mortgage on an apartment.


“I think we made the right decision for the time in terms of selling (Skype),” he said. “Today as an entrepreneur you have more options.”


(Editing by David Holmes)


Internet News Headlines – Yahoo! News





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Kate's Official Portrait Unveiled









01/11/2013 at 08:40 AM EST







From left: artist Paul Emsley, the Duchess and Duke of Cambridge


REX USA


The Duke and Duchess of Cambridge had an art outing early Friday – for the unveiling of her official portrait.

And they were not alone. Kate's parents and siblings also made the breakfast trip to the National Portrait Gallery – the Duchess's first official outing since she handed out awards at a sports honors evening in December.

Her reaction to her portrait? "I thought it was brilliant," Kate, who showed no sign of a baby bump in her burgundy Whistles dress, said at the reception.

She also thanked artist Paul Emsley, a Glasgow-born, South African-raised painter, while William pronounced the canvas – which happens to be located in the same gallery as a rendering of a naked David Beckham (it will soon be moved elsewhere) – "absolutely beautiful"

Kate sat for Emsley in two sittings last May and June, both at his studio in Bradford-upon-Avon, southwest England, and at Kensington Palace. Working from photographs he took, he spent 3½ months to create the painting.

Kate's Official Portrait Unveiled| The British Royals, Kate Middleton, Prince William

Official portrait of Kate, Duchess of Cambridge, by artist Paul Emsley

Sang Tan / AP

He says Kate wanted "to convey her natural self as opposed to her official self. I was always aware of the fact that we would use the hair very much as a kind of a frame for the face, and not too much jewelry apart from the earring, to try to create something of her natural warmth, her natural serenity without too much busyness in the portrait."

He told PEOPLE, "If you are working with someone who has whose face is just a lovely face, it's harder to find something in the portrait that gives it some sort of gravitas. In this case I've tried to do that with the smile and the dimples and the shadows around the face."

Director of the National Portrait Gallery Sandy Nairne, called the painting "very direct, simple. Modern contemporary portrait." As for the subject, "She was really positive about it," and, as he told PEOPLE, "She seemed very well, terrific."

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Flu season strikes early and, in some places, hard


NEW YORK (AP) — From the Rocky Mountains to New England, hospitals are swamped with people with flu symptoms. Some medical centers are turning away visitors or making them wear face masks, and one Pennsylvania hospital set up a tent outside its ER to deal with the feverish patients.


Flu season in the U.S. has struck early and, in many places, hard.


While flu normally doesn't blanket the country until late January or February, it is already widespread in more than 40 states, with about 30 of them reporting some major hot spots. On Thursday, health officials blamed the flu for the deaths of 20 children so far.


Whether this will be considered a bad season by the time it has run its course in the spring remains to be seen.


"Those of us with gray hair have seen worse," said Dr. William Schaffner, a flu expert at Vanderbilt University in Nashville.


The evidence so far points to a moderate season, Schaffner and others say. It looks bad in part because last year was unusually mild and because the main strain of influenza circulating this year tends to make people sicker and really lay them low.


David Smythe of New York City saw it happen to his 50-year-old girlfriend, who has been knocked out for about two weeks. "She's been in bed. She can't even get up," he said.


Also, the flu's early arrival coincided with spikes in a variety of other viruses, including a childhood malady that mimics flu and a new norovirus that causes vomiting and diarrhea, or what is commonly known as "stomach flu." So what people are calling the flu may, in fact, be something else.


"There may be more of an overlap than we normally see," said Dr. Joseph Bresee, who tracks the flu for the Centers for Disease Control and Prevention.


Most people don't undergo lab tests to confirm flu, and the symptoms are so similar that it can be hard to distinguish flu from other viruses, or even a cold. Over the holidays, 250 people were sickened at a Mormon missionary training center in Utah, but the culprit turned out to be a norovirus, not the flu.


Flu is a major contributor, though, to what's going on.


"I'd say 75 percent," said Dr. Dan Surdam, head of the emergency department at Cheyenne Regional Medical Center, Wyoming's largest hospital. The 17-bed emergency room saw its busiest day ever last week, with 166 visitors.


The early onslaught has resulted in a spike in hospitalizations. To deal with the influx and protect other patients from getting sick, hospitals are restricting visits from children, requiring family members to wear masks and banning anyone with flu symptoms from maternity wards.


One hospital in Allentown, Pa., set up a tent this week for a steady stream of patients with flu symptoms. But so far "what we're seeing is a typical flu season," said Terry Burger, director of infection control and prevention for the hospital, Lehigh Valley Hospital-Cedar Crest.


On Wednesday, Boston declared a public health emergency, with the city's hospitals counting about 1,500 emergency room visits since December by people with flu-like symptoms.


All the flu activity has led some to question whether this year's flu shot is working. While health officials are still analyzing the vaccine, early indications are that it's about 60 percent effective, which is in line with what's been seen in other years.


The vaccine is reformulated each year, based on experts' best guess of which strains of the virus will predominate. This year's vaccine is well-matched to what's going around. The government estimates that between a third and half of Americans have gotten the vaccine.


In New York City, 57-year-old Judith Quinones skipped getting a flu shot this season and suffered her worst case of flu-like illness in years. She was laid up for nearly a month with fever and body aches. "I just couldn't function," she said.


But her daughter got the vaccine. "And she got sick twice," Quinones said.


Europe is also suffering an early flu season, though a milder strain predominates there. Flu reports are up, too, in China, Japan, the West Bank, the Gaza Strip, Algeria and the Republic of Congo. Britain has seen a surge in cases of norovirus.


On average, about 24,000 Americans die each flu season, according to the CDC. That's an estimate — the agency does not keep a running tally of adult flu deaths each year, only for children. Some state health departments do keep count, and they've reported dozens of flu deaths so far.


Flu usually peaks in midwinter. Symptoms can include fever, cough, runny nose, head and body aches and fatigue. Some people also suffer vomiting and diarrhea, and some develop pneumonia or other severe complications.


Most people with flu have a mild illness and can help themselves and protect others by staying home and resting. But people with severe symptoms should see a doctor. They may be given antiviral drugs or other medications to ease symptoms.


Flu vaccinations are recommended for everyone 6 months or older. Of the 20 children killed by the flu this season, only two were fully vaccinated.


___


AP Medical Writer Maria Cheng in London contributed to this report.


___


Online:


CDC flu: http://www.cdc.gov/flu/index.htm


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Stock futures gain as China data spurs growth hopes


NEW YORK (Reuters) - Stocks were set to rise at the open on Thursday as stronger-than-expected exports in China, the world's second-biggest economy, raised hopes for a more robust recovery in the global economy this year.


Data showed China's export growth rebounded sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, even as demand from Europe and the United States remained subdued.


Ford Motor shares gained 3.1 percent to $13.89 in premarket trading after it doubled its first-quarter dividend to 10 cents a share, despite a recent drop in market share.


Adding to the bullish sentiment, Spanish benchmark government bond yields fell below 5 percent to a 10-month low on the back of a strong bond auction that raised more than the targeted amount.


"The market's more positive and it owes a lot of that to the Chinese economic data," said Art Hogan, managing director of Lazard Capital Markets in New York, adding that the success of the Spanish auction was also of note.


S&P 500 futures rose 7.7 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 45 points, and Nasdaq 100 futures added 18 points.


Data showed new claims for unemployment benefits rose last week, though seasonal volatility made it difficult to get a clear picture of the labor market's health. The market's reaction to the data was muted.


Looking ahead, traders await the release of wholesale inventories data for November by the Commerce Department at 10:00 a.m. ET (1500 GMT). Economists expect inventories to rise 0.3 percent, against a 0.6 percent increase in October.


Several Federal Reserve speakers are due to speak Thursday, including Kansas City Fed President Esther George and St. Louis Fed President James Bullard. Market participants are likely to pay close attention to their remarks following indications, in the minutes of the latest Fed meeting, that the Fed may halt its highly simulative asset purchases this year. The program has been one of the pillars of the strength in the equity market.


Shares of upscale jeweler Tiffany dropped 8 percent to $58.21 in premarket trading after it said earnings for the year through January 31 will be at the lower end of its forecast.


Molycorp shares dropped 13 percent to $9.39 in premarket trading after the company said revenue and cash flow would be lower than expected this year due to lower rare-earth prices.


U.S.-traded Nokia shares jumped 18 percent to $4.43 after the Finnish handset maker said its fourth-quarter results were better than expected and that the mobile phone business achieved underlying profitability.


(Editing by Bernadette Baum)



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IHT Rendezvous: The Last Man Asian Literary Prize

HONG KONG — The five shortlisted novels of what will be the last Man Asian Literary Prize were announced last evening at the Man Group’s offices here. The British investment firm will end its support of Asia’s most prominent literary prize after the final award is given at a black-tie dinner in March.

As usually happens, the shortlist announcement drew about two dozen people from the city’s relatively small English-language literary scene: a few publishers, agents and journalists mostly from the foreign or English-language press. With rather less fanfare than the Man Booker gets, we stood around a screen to watch Maya Jaggi, a literary critic and head of the judging panel, read the list via a video link from London, from what looked like an office cubicle.

Man’s involvement lent clout to the prize when it was introduced in Hong Kong in 2007 — it is often incorrectly referred to as the Asian Booker — and the $30,000 purse is extraordinarily generous in a region without many literary awards. More importantly, it gave global exposure to Asian authors writing in Asian languages. The 2011 winner, “Please Look After Mom” by the South Korean novelist Kyung-sook Shin, went on to sell two million copies worldwide.

Initially, the Man Asia accepted unpublished manuscripts (which it no longer does) and focused on unearthing unknown regional talent, like the Filipino writer Miguel Syjuco in 2008.

But as the prize grew in prominence, so have its recipients, causing more crossover with international awards. The Guardian called this year the “Booker re-match,” as two of the works shortlisted for the Man Asia – “The Garden of Evening Mists” by the Malaysian author Tan Twan Eng and “Narcopolis,” a debut novel by the Indian poet Jeet Thayil – were also shortlisted for the Man Booker.

Another author shortlisted for the Man Asia, Orhan Pamuk, was given the 2006 Nobel Prize in Literature. His submission, “Silent House,” is a 30-year-old Turkish-language novel that had only recently been published in English. Rounding out the short list are “Between Clay and Dust” by the Pakistani author Musharraf Ali Farooqi and “The Briefcase” by Hiromi Kawakami of Japan.

All but one – “Between Clay and Dust,” from the Delhi-based Aleph Book Company – are from Western publishers.

The prize’s organizers say that they have been in talks with potential new sponsors for months, after it was announced in October that Man would no longer support it.

“We have decided to concentrate our arts sponsorship on the world-leading Man Booker prize, where our support is about to go into its twelfth year,” David Waller, a Man Group spokesman, said at the time.

A new title sponsor is expected to be announced in April, and most chatter has been over whether it will be an Asian organization this time. It brings up a larger question:

Does Asia’s literary scene still need Western financing, publishing houses and publicity to succeed?

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It's a Girl for Lily Allen




Celebrity Baby Blog





01/10/2013 at 08:30 AM ET



Lily Allen Welcomes Baby
PA Photos/Landov


Cue the lullabies: Lily Allen is a mom — again!


The “Smile” singer and her husband Sam Cooper welcomed her second daughter — and the baby girl shares her special day with rock legends Elvis and David Bowie. Marnie Rose arrived on Jan. 8, according to reports.


The couple — who wed in Gloucestershire, England in June 2011 — are already parents to 1-year-old daughter Ethel Mary.


Her rep declined to confirm the pregnancy in July, but after stepping out several times with a burgeoning belly, no official confirmation was needed when 27-year-old Allen appeared radiant on the red carpet during the British Fashion Awards in November.


On New Year’s Eve, Allen was anxious the tot would emerge soon, Tweeting she was “only planning on spending a few days of [2013] pregnant. Unlike the last 3 years.” And she said she had been sampling curries to try to force labor.


A rep for the singer (who goes by her married name Cooper) didn’t immediately respond to requests for comment or statement, but Allen appeared to acknowledge the news Thursday when she thanked fans, writing, “Quite overwhelmed by all the well wishing going on. THANKYOU everybody x x x”


One of those came from actor friend Charlie Condou, who Tweeted he had a “little cry” when Lily “told me Marnie Rose was born” on his birthday.


– Anya Leon and Simon Perry


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Wall Street set to open higher after Alcoa's positive results


NEW YORK (Reuters) - Wall Street was poised to open slightly higher on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year.


Alcoa Inc said it expects global demand for aluminum will continue to grow in 2013, though the company kept a cautious tone as worries lingered over a looming U.S. budget confrontation. Shares of Alcoa, the largest aluminum producer in the United States, rose 1.7 percent to $9.25 in premarket trade.


Still, investors are wary about the outcome of the fourth-quarter earnings season. Profits were expected to beat the previous quarter's lackluster results, but analyst estimates were down sharply from where they were in October. Earnings were expected to grow by 2.7 percent, according to Thomson Reuters data.


Equities have pulled back over the last two sessions from last week's rally, which was spurred by the "fiscal cliff" deal in Washington.


"With the euphoria of the fiscal cliff deal wearing off, the market is looking for the next positive theme and the hope is that earning season can fill that need," said Andre Bakhos, director of market analytics at Lek Securities in New York.


"With expectations muted, any semblance of decent numbers could provide a robust upside potential."


Among other earnings, Constellation Brands , whose labels include Robert Mondavi and Ravenswood wines, rose 4 percent to $37.50 after it reported higher profit.


But on the downside, Apollo Group Inc slid more than 10 percent after it reported lower student sign-ups for the third straight quarter and cut its operating profit forecast for 2013. Apollo's shares were indicated at $18.84.


S&P 500 futures rose 1.7 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 15 points, and Nasdaq 100 futures gained 1.5 points.


Dish Network Corp late Tuesday announced a bid for Clearwire Corp that trumped Sprint Nextel Corp's $2.2 billion offer, setting the stage for a battle over the wireless service provider.


Clearwire was up 7.2 percent at $3.13, while Sprint lost 2.5 percent to $5.82.


Hard drive maker Seagate Technology rose 2.7 percent to $32.25 after it raised its second-quarter revenue forecast.


Apple Inc is working on a lower-end iPhone, the Wall Street Journal reported, citing sources. The report comes as Apple's chief executive meets with partners and government officials in China.


Goldman Sachs Group Inc and Morgan Stanley are among a group of banks expected to agree as soon as this week to a $1.5 billion settlement with U.S. regulators over botched foreclosure claims, sources told Reuters on Tuesday.


(Editing by Kenneth Barry)



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Iranian Captives Freed in Major Prisoner Exchange in Syria





ISTANBUL — More than 2,000 prisoners incarcerated by the Syrian authorities were being released on Wednesday in return for 48 Iranians freed by rebels after five months in captivity, Turkish and Iranian news reports said, in what appeared to be the biggest prisoner swap since the uprising against President Bashar al-Assad began almost two years ago.




The exchange, brokered by Turkey and Qatar, came days after Mr. Assad warned on Sunday that he would not abandon the fight against armed adversaries pressing on the approaches to the Syrian capital, Damascus, and brushed aside calls for him to quit.


The swap started in more than one location near Damascus after months of diplomatic efforts that also involved the Humanitarian Relief Foundation, an Islamist-leaning aid organization based in Istanbul and widely known as I.H.H., according to Bulent Yildirim, the head of the foundation.


“Some of our friends are with the opposition groups, and we are heading to the area where the prisoners are to be released,” Mr. Yildirim told Turkey’s semiofficial Anatolian news Agency.


He added, “Efforts under the Turkish and Qatari mediation continue, while the exchange started at several locations where prisoners were kept.”


Mr. Yildirim told Reuters that, after their release, the 48 Iranians were escorted to Damascus by Iranian and Syrian officials.


The aid group has set up an operation center in Damascus to unite 2,130 prisoners, including 73 women, at one base while another aid team remained in Douma, near the Syrian capital, to oversee the return of the 48 Iranians.


The Syrian opposition has claimed that the Iranians are members of Iran’s Islamic Revolutionary Guards Corps, but Tehran has denied the assertion, saying the captives are Shiite civilian pilgrims. The Iranians were seized in August while traveling on a bus from Damascus International Airport to a Shiite shrine on the outskirts of the capital, Iran’s Press TV said.


Opposition fighters had threatened to kill the Iranians unless Mr. Assad’s forces halted military operations. But since then the fighting around Damascus has intensified.


Iran is Mr. Assad’s main ally in a region where many Arab states and neighboring Turkey have turned against him, seeking his ouster. The Iranian captives offered the rebels holding them a source of pressure on the Syrian leader to push for the release of prisoners.


“We expect the swap to be completed in the next hour,” Huseyin Oruc, a member of the aid group’s executive board said in a telephone interview around midday.


“Among the 2,130 there are Syrians, four Turks, and a Palestinian, names of whom we will announce later in the day.”


Diplomatic efforts to release more prisoners would continue, he added.


“It is the first time that the ‘humanitarian diplomacy’ we initiated succeeded in releasing such a large group of people at once,” Mr. Oruc said. “There are many more held captive and our efforts to free them will continue without delay.”


The aid group gained international attention in 2010 for organizing a flotilla of boats heading to Gaza, ostensibly with relief supplies, that prompted a deadly Israeli commando raid in which nine Turks died. At the time of the raid, the group was reported to have extensive connections with Turkey’s political elite. The episode began an unraveling of Turkey’s once close ties with Israel.


In recent months, the aid group has also been part of negotiations to free smaller numbers of prisoners, including two Turkish journalists held in Syria, Reuters reported. The organization has been active since the early 1990s in charitably works in Middle East and Africa, focusing most recently on Gaza.


Since the start of the uprising against Mr. Assad, the organization has also cast itself as a leading private charitable organization in Syria, delivering food and other basic supplies and pursuing what it calls “humanitarian diplomacy” to help free captive civilians.


While the numbers involved in Wednesday’s exchange seemed dramatic, some rebel commanders said more modest prisoner exchanges have become a feature of the conflict.


The leader of a rebel fighting group in the central city of Hama, reached via Skype, said pro-government militia had captured his uncle and two other relatives in a village in the northern Idlib province more than a month ago.


 “The  only  way  to  release them  is capturing  hostages,” the commander said, adding that negotiations were under way to win the release of his relatives in return for 12 captives held by the rebels. Two months ago, the commander said, nine members of the pro-government shabeeha militia were  exchanged for five captured rebels. Syria’s uprising began in March 2011 with peaceful demonstrations, but a brutal crackdown broadened into civil war with an estimated 60,000 people killed, according to United Nations estimates.


Sebnem Arsu reported from Istanbul and Alan Cowell from London. Hwaida Saad contributed reporting from Beirut, Lebanon.



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European businesses slow to go online: study






BRUSSELS (Reuters) – European businesses are not doing enough to use the internet to grow their customer base and promote products, Belgian database and marketing firm Email-Brokers said after studying 13 million websites.


Belgium, Germany and the Netherlands have the highest proportion of companies online but even in these countries 40 percent of business have no internet presence, it found.






The European Commission has estimated that companies which exploit the full potential of the internet create, on average, more than twice as many jobs.


“It is one of the ways to create employment and economic growth and it is not Star Trek, it exists today,” Email-Brokers head William Vande Wiele said.


Britain and Liechtenstein were the most advanced in terms of e-commerce – defined as being able to process orders and payments, with 16 percent and 17 percent, respectively, of business sites offering it, compared with 6 percent in Belgium and 9 percent in Austria, Germany and the Netherlands.


Vande Wiele said many corporate websites were badly designed, and did not provide basics such as adequate contact information or company details.


In Belgium, 91 percent of all corporate websites did not meet such basic standards, compared with about 20 percent in Luxembourg and France, the study concluded.


“Sites which do not comply with such minimum standards do not inspire confidence and before buying something online a user will need a minimum level of confidence,” Vande Wiele said.


Many websites are not kept up to date, the study also found, with more than 80 percent of business sites in Belgium, Greece, Italy and Spain not updated for more than a year.


(Reporting by Robert-Jan Bartunek; Editing by Dan Lalor)


Internet News Headlines – Yahoo! News





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