As per the figures released by Hitwise, a web-monitoring firm, Amazon is the most popular internet business in the UK.

Hitwise has released its Hot Shops list, which provides rankings of the highest-visited online retail stores in the UK. This list is brought out quarterly and is based on data obtained in April 2008.

The online retail giant, which has successfully led the rankings since May 2006 of every Hot Shops list, maintains its position above Apple, Play.com, Tesco.com and Argos.
The list, which comprises of several online retail stores already, saw some new players entering, which includes Marks and Spencer and Next.

Hitwise stated that traditional high-street stores have improved their online presence significantly over a couple of years, and the Hot Shops list has shown this change in the market.

Hitwise continued further saying that it’s the sheer variety of retailers in the list – from sellers of the newest high-tech comapnies to grocery and DIY stores – that shows just how central online retail has turned out to be to so many people’s lives when shopping for products and services.

Microsoft has said it has made a fair offer to search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares.

The offer, contained in a letter to Yahoo's board in Febuary, is 62% was above Yahoo's closing share price.

Yahoo cut its revenue forecasts earlier this week and said it would have to spend an additional $300m this year trying to revive the company.

It has been struggling in recent years to compete with Google, which has also been a competitor to Microsoft.

WSI has commenced the screening of applications for nominees to its UK Young Entrepreneur Scholarship (YES!) Program, a corporate youth outreach initiative.

The world's leading provider of Internet Solutions to small and medium sized businesses (SMB) launched this initiative in October 2007 at the company's annual Global Excellence and Innovation (E&I) Conference in Orlando, Florida. Since then, over 1500 Internet Consultants  have been scouting young, entrepreneurial talent globally. While the distinguished panel of selection committee members in the WSI network is currently evaluating several applications for the program, the names of finalists will be announced by June 30th, 2008. The announcement will be timed to synchronize with the close of the academic year for most Universities, marking the entry of fresh graduates into the employment market and corporate world.

The WSI YES! Program is a way for WSI to help foster and encourage the development of the next generation of entrepreneurs by recognizing young, aspiring business people between the ages of 21 to 31. 

The Scholarship also includes a special Mentoring program by other experienced WSI Consultants. This will aid the young entrepreneurs in establishing a sound Internet services and consulting business that helps SMB customers stay competitive and profitable. The WSI training, Internet Marketing Certification and fast-track Mentoring they receive will help them deliver Internet solutions catering to all audiences.