YouTube says more than a billion people are now visiting its online video site each month. It crossed the one billion threshold five months after Facebook did. And in a blog post the YouTube team noted that nearly half of all internet users visit the website, saying that if YouTube were a country, it'd be the third biggest in the world after China and India.
Google bought YouTube in 2006 for $1.65 billion and has yet to disclose whether the service has turned a profit. It launched in February 2005, providing a new way for anyone with a broadband connection to upload and distribute their video online. It also popularised instant streaming, rather than having to wait to download a file.
YouTube now gets the second-most search queries of any site in the world, behind only Google's own search page, and is a challenger to Facebook as the world's biggest social network.
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Manufacturing activity in China picked up speed this month, according to a survey by HSBC, which add to hopes of a sustained recovery in its economy.
Numbers for March are seen as a true indicator for the sector, as the Chinese New Year holidays skew the data in January and February.
China's economy grew at a pace of 7.8% last year, its weakest performance in 13 years, as there was a decline in demand for its exports from key markets.
But, there have been indications that the world's second-largest economy may be rebounding from the recent slump.
Data released earlier this month, showed that China's exports jumped 21.8% from a year earlier, boosted by strong demand from the US and South East Asia.
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Officials in Cyprus have said the country's banks, which were closed to prevent mass withdrawals, will stay shut until at least Tuesday next.
The president of Cyprus will later present political leaders with a "Plan B" for funding the controversial bailout, state TV has reported.
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The UK corporate tax rate will drop by 1% to 20% in April 2015 - this was announced in yesterday's budget, which overall has been greeted as positive from a business perspective - with enhanced relief for research and development, relief on national insurance contributions for small business and reduced corporation tax.
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The consumption of seafood has doubled globally over the last 50 years it's still growing.
Irish seafood businesses want to get in on that growth, with Bord Iascaigh Mhara - the Irish Sea Fisheries Board - predicting a billion euro in sales of Irish produce by 2020.
