British food producers increased prices by 7.4 per cent last year -- the biggest annual increase since the country's National Statistics office began tracking them 15 years ago -- due to big jumps in the cost of producing bread, butter, eggs, milk and meat. In Russia, prices went up so sharply -- milk rose by some 30 per cent and bread went up 22 per cent - that the government froze prices towards the end of the year.
Cisco Systems, the world's biggest maker of data networking equipment, plans to launch a business group, based in Bangalore, India, that will wire new buildings and even entirely new cities with state-of-the-art networking technology.
John Donahoe, head of Ebay's marketplace division, is preparing an overhaul for early next year that amounts to a major revamp of Ebay's core business.
Google has taken direct aim at the widely-used Wikipedia with a project designed to supplant the collectively produced encyclopedia as the primary source for basic information on the Web.
The attempt to tap a wider range of developing countries comes as IBM's earlier investment in the four biggest - Brazil, Russia, India and China - has started to pay off.
Bebo, founded by Michael and Xochi Birch, said it had made its platform compatible with Facebook's. This will allow developers to make applications, such as movie ratings and photo-sharing tools, work on both sites with the minimum of alterations.
The company hinted that it is likely to offer at least $4.6bn for the most valuable piece of spectrum on offer.
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