News Burst: Internet Christmas sales to skyrocket

US Internet gift sales may hit $15bn (£9.3bn) this Christmas season, according to a report from accountants Ernst & Young. The group estimates sales will be between $12bn and $15bn, based on a survey of 1,200 US consumers. The figure is far above conventional estimates of $6bn to $9bn.

See the e-commerce special for more business news.