Attack aftermath threatens tech sector
All the papers cover the effect on the financial markets of Tuesday's terrorist attack on the World Trade Centre and the Pentagon. The Financial Times notes that the attack could not have come at a worse time for the US technology sector. Many corporate technology buyers wait until the last two weeks of September before placing their orders, and IT companies rely on those orders to fulfil their revenue targets.
The Guardian speculates that the current paralysis of New York could drive the US into recession.
BT cautious about 3G technology
The Financial Times reports on British Telecom's warning of the financial risks associated with third generation mobile phone technology. The company issued the warning in a draft document on the demerger of its mobile arm.
Unemployment falls to 26-year low
The Financial Times, the Times, the Daily Telegraph and the Independent all report on the latest UK unemployment figures. The Times, however, observes that while the number of people claiming benefit has fallen by 6,000 to 945,600, the International Labour Organisation's (ILO) figures showed a 13,000 increase in the number of people unemployed. The Daily Telegraph points out that while the technology sector has shed some 140,000 jobs over the past year, the public sector, tourism and financial services industries are still taking on staff.
Best of the rest
The Financial Times reports
- SurfControl, the Internet software filtering group, is considering a bid for the content division of Baltimore Technologies, the ailing security software group.
- The insurance group Prudential has ended a £35m contract with Unisys the technology services group