Capgemini has acquired a majority stake in CPM Braxis, Brazil’s largest IT oustourcing provider, for €233 million. The acquisition will allow the European company to tap into the Brazilian market for IT services, it said. According to Brazil’s IT development agency BRASSCOM, the country’s domestic market for IT and BPO services is the eight largest world, totaling around $60 billion in 2009.

PC World – An experiment run by Duke University and a European group responsible for managing Internet resources went wrong Friday, disrupting a small percentage of Internet traffic.

AP – The European Union is weighing whether to appeal a World Trade Organization ruling that condemned the bloc for illegally collecting tariffs on billions of dollars worth of high-tech goods from the U.S., Japan and Taiwan.

India’s Trade Secretary has warned that the country may challenge the US government over its plan to increase the price of a working visa. Rahul Khullar told Reuters that he believes the plan contravenes World Trade Organisation discrimination regulations. “This is WTO incompatible,” he said

Reuters – If you believed Axl Rose’s Twitter account on Sunday night, the Guns N’ Roses frontman had unilaterally canceled the band’s upcoming European tour.