IBT Staff Reporter

A new app aims to maximize the chances of meeting a member of the opposite sex by using facial recognition technology to show how many men and women there are in any given bar.

Happy Fourth of July! On this day, spectacular fireworks displays will color the skies of Philadelphia, the city where America's independence was born.

Nearly 10 percent of European insurers would need to raise fresh capital in the event of a severe economic shock accompanied by a plunge in share prices, tumbling interest rates, and a property market crash, European insurance regulator EIOPA said on Monday.

As Apple continues to remain tight-lipped about iPhone 5 specifications and release date, rumors of three mega-smartphones which if released can totally squash iPhone's prospects, have been circulating for sometime.

Nestle , the world's largest food company, is among companies in talks with Chinese candies and pastries group Hsu Fu Chi International on a deal that could be worth over $2 billion.

Beijing solidified a business partnership with Zimbabwe last week that unionists say is responsible for abusive work environments across the southern African nation.

Wild horses are gathered during the Rapa Das Bestas event in the village of Sabucedo.

Following are the top 10 movies at the North American box office for the three-day weekend beginning on July 1, led by the new release Transformers: Dark of the Moon, according to studio estimates compiled on Sunday by Reuters.

Canadian patent licensing firm Wi-LAN Inc said it agreed to settle litigation related to Bluetooth technology with chipmaker Texas Instruments for an undisclosed amount.

Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.

Fewer Americans will hit the road during the Independence day weekend, consistently one of the heaviest travel periods of the year, but more are expected to fly to their holiday destinations.

Baidu, which has three-quarters of China's search market, signed a deal with Microsoft's Bing to offer English-language search to Baidu users, as it eyes an overseas expansion and Microsoft aims to increase its presence in the world's largest Internet market.

Google+ has been the latest target of the hackers, for the first time in a scam, which involves fake invites to the service.

Google+ is on fire with praises pouring in for its new approach to social networking. An insane demand for Google+ has forced the Internet search engine giant to suspend Google+ invites. Google+ has even caught the attention of Facebook founder Mark Zuckerberg, who reportedly has opened an account. Google+, undoubtedly, is on fire but will it burn Facebook?

Arsenal duo Cesc Fabregas and Samir Nasri are expected to inform manager Arsene Wenger that they want to leave the London club in what promises to be awkward conversations.

World stocks hit a 4-1/2 week high Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

iPhone 5, Apple’s next generation iphone is already facing a lot of competition from the bunch of Android powered smartphones.

This Monday, the United States of America will celebrate Independence Day. Exactly 235 years ago, on July 4, 1776, our Founding Fathers signed the Declaration of Independence that brought the United States of America into existence.

Tiny Spanish firm 24symbols has launched a digital book reading and sharing site modeled on European digital music service Spotify, aiming to generate income from publicity and subscriptions.

Reserve-rich Asia can afford to turn on the government spending taps should a recent bout of sluggish economic growth deteriorate into a deeper downturn.

The London Stock Exchange should consider a tie-up with Nasdaq OMX to secure its place as a global competitor, after its failed bid for Canadian group TMX made it vulnerable as a takeover target, investors and market participants said.

Apple's delay in launching iPhone 5 has been Samsung Galaxy S 2's gain as the ultra-thin smartphone recorded phenomenal global sales of 3 million units in 55 days.

Shares in Australia's Treasury Wine Estates Ltd surged 11 percent to a record on Monday, valuing the world's second-largest winemaker at $2.6 billion, following a report that China's Bright Food Group was considering a bid for the company.

HP TouchPad is the latest tablet to challenge the supremacy of Apple's iPad but can it really beat the iPad?

Bank of Japan Governor Masaaki Shirakawa said the world economy continues to recover albeit at a slower pace, taking a slightly more cautious view on global growth as signs of a slowdown spread to emerging economies.

Mongolia chose U.S. miner Peabody Energy , a venture between China's Shenhua <1088.HK> and Japan's Mitsui & Co <8031.T>, and a Russian-led consortium as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior government source said on Monday.

China's central bank pledged on Monday to keep its prudent policy to wrestle inflation under control, but signaled some concerns over slowing growth by stressing policy stability.

Japan's Fujifilm aims to become the world's fourth largest camera maker by next March and the No. 3 manufacturer two years later, overtaking first rival Samsung and then Nikon, a senior company executive said.

Wimbledon champion Novak Djokovic is still in a state of disbelief after masterfully brushing aside defending champion Rafael Nadal to take the crown at Centre Court.