As Australia’s ICT trade deficit passes $22 billion, the global financial crisis and the high Australian dollar have brought about a decline in Australia’s ICT exports. The trade figures have prompted a call from the Australian Computer Society (ACS) for greater recognition of the ICT sector by governments to help bring about a stronger export performance in coming years.

Australia's ICT trade deficit grew to $A28 billion in 2008, according to a report by the Australian Computer Society (ACS). Although exports rose, imports grew more.

Australia’s trade promotions organisation, Austrade, says opportunities are opening up for Australian IT companies to take advantage of increased technology spend by Asian companies, despite the global economic downturn.

When it comes to there being an elephant in the room as far as eBay is concerned, then it would have to be the subject of trading in illegal items. According to one eBay insider, the company is about to chop up that elephant and throw some of it off the auction floor.

Six months ago you could buy stolen US credit card details from the online underground for the seemingly bargain basement price of USD $10 a pop. However, it appears that stolen Australian credit cards have now hit the real rock bottom and can be picked up for as little as just USD $1.50 a time...

eBay launches lobbying campaign aimed at the European Parliament, arguing that EU laws damage trade. In a wonderful display of thumb suck sulking, eBay complains that traditional retailers are exploiting the rules to benefit their business. Well duh!