• Yesterday Twitter bought TweetDeck for $40m.

Check out our insightful blog post by Mark St. Andrew about the beginnings of Twitter and its path to success.

In other news:

• The regional newspaper division of the UK’s Daily Mail & General Trust (DMGT) is in for a challenging second half of the year due to declining ad revenue.
• The number of tourists visiting Egypt dropped 46% in Q1, according to a government statement.
• Canada’s Postmedia is testing a new subscription-based model with its websites for the Montreal Gazette and Victoria Times Colonist newspapers.
• European inward investment rebounded in 2010 with a record number of projects.
• More than 40% of consumers in Asia are interested in purchasing a smartphone in the next year.
• The global economic recovery has begun but will come under threat from a slowdown in China and rising commodity prices.