Bill Gates tells Russians not to compete with India
Moscow: Bill Gates chief of Microsoft Corp has warned Russian programmers against competing with their Indian counterparts, whose labour costs are much lower Yuri Ammosov, a top official of the ministry of economic development and trade was quoted as saying in business daily Vedomosti.

Bill Gates was in Russia on Tuesday and held meetings with the country's software developers and government officials including President Vladimir Putin's likely heir, first deputy prime minister Dmitry Medvedyev.

Gates visit to Russia os to get information about the nation's innovations in the field of science, education and economy from original sources, according to the press secretary of Moscow Microsoft.
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Adidas slashes 2007 profit forecast
Frankfurt: German sports goods firm Adidas has slashed its 2007 earnings forecasts on due to higher investments in its troubled US unit Reebok. Adidas which is the world's second-largest sports goods company after Nike said its net income growth in 2007 would stand at 15 per cent as compared to 2006. It has previously forecast 20 per cent growth.

Comparison with last year is difficult because Adidas started consolidating Reebok only this year. Quarterly sales rose by 53 per cent to €2.949 billion, above the forecast of €2.877 billion. For 2006 Adidas' net income would stand around €500 million.
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