As European leaders gather in Brussels, the German finance minister has launched a blistering attack on Gordon Brown’s economic rescue plan. In an interview with Newsweek magazine Peer Steinbruck derided the £20bn package and accused Mr Brown of “tossing around billions” which would saddle a generation of taxpayers with...

Sun Microsystems appears to have put its utility computing effort, Network.com, on hold until it gets an idea of how to resurrect it. The pioneering computing effort, which launched two years ago, offered pay-per-use computing infrastructure for high-performance computing applications without forcing customers to buy expensive IT equipment. However,...

The UK economy contracted 1% between September and November, the National Institute of Economic and Social Research (NIESR) has estimated. This fall followed after a 0.8% drop in the three months to the end of October, said the think tank. Indicating that the rate of output decline is “accelerating”,...

Telnics Sunrise launch opens at 15:00 GMT Called .tel, the domain is intended to act as a universal contact point rather than as a hook on which to hang websites. Owners of .tel domains will be encouraged to populate it with details about how they can be contacted. The...

Although changing the VAT rate from 17.5% to 15% within business systems is relatively easy, it has widespread implications inside the organization, across the supply chain, and for the customers. We all hope that the plans mapped out in the Chancellor of the Exchequers pre-budget report earlier this week...