IBT Staff Reporter

It must be good karma - being born a celebrity kid - born with the proverbial silver spoon in the mouth. Custom-made designer clothes, huge mansions, vacations around the world, travel by private jets, round-the-clock nannies to fulfill every need - these are just some of the perks of being a star kid.

LONDON (Reuters Life!) - The much-mocked hat worn by Princess Beatrice to Britain's royal wedding last month -- widely described as looking like a toilet seat -- sold for 81,100 pounds ($131,000) on eBay, charities which will benefit from the sale said.

Sony on Monday changed its earnings estimate for the year to March 2011 to a net loss of 260 billion yen ($3.2 billion) from a profit of 70 billion, in the company's first indication of the financial impact of the devastating March earthquake and tsunami.

The United Nations and the European Union in Lebanon on Monday appealed for an immediate release of seven Estonian cyclists who were kidnapped in east Lebanon last March.

Sony Corp said on Monday it would post a $3.2 billion net loss for the year that ended on March 31, the latest setback for the Japanese consumer electronics giant.

Some of the hottest models and actresses graced the 64th Cannes Film Festival which took place from May 11 to May 22.

US President Barack Obama is ready to order more covert operations inside Pakistan, similar to the May 2 attack that killed Osama Bin laden to target Al Qaeda or Taliban leaders in order to protect America and its allies.

Had Sony stuck with the Airboard portable computer it launched in 2000, Satoru Maeda rather than Apple's Steve Jobs might have been feted as the creator of tablet PCs.

Toyota Motor Corp and cloud computing company Salesforce.com Inc will build a social network service that will enable owners to become friends with their cars and get friendly, tweet-like reminders for maintenance checks and other notices.

The United Nations Security Council has demanded an “immediate withdrawal” by northern Sudanese armed forces from the disputed town of Abyei.

Joplin.Mo, Missouri was ravaged by a Tornado killing dozens of people and extensively damaging properties on Sunday night calling for a State of emergency.

The danger of an uneven economic recovery in Europe has fallen despite concerns about the patchy nature of the upturn, European Central Bank Governing Council member Ewald Nowotny said on Monday.

Sony Corp said on Monday it would hold a news conference at 4:30 a.m. EDT about its revised earnings estimate for the year that ended on March 31.

Debt worries hammered European markets on Monday, knocking both the euro and regional shares down 1 percent while also weighing heavily on world equities, sending emerging markets down nearly 2 percent.

Japan's return to recession and a bigger-than-expected slump in first-quarter economic growth are negative for its credit rating, Moody's Investors Service said, warning that a delay in recovery could warrant additional fiscal and monetary stimulus.

Tunisian foreign minister Mouldi Kefi said he believed that Libyan oil minister Shokri Ghanem, was no longer working for the Gaddafi regime.

One of the best gifts parents could ever give their child is the love for reading. So how does one inculcate this fondness for books in their little ones? When the child is a toddler, the parent reads aloud to them - the incredible rhythmic beat of Chicka Chicka Boom Boom by Bill Martin Jr. And John Archambault continues to mesmerize toddlers even today, more than 2 decades after it was first published.

Most kids would identify with these lines about homework, from the poem 'My Excuses' by Arielle Perkins. After working hard all day at school, children wonder why they have to repeat Math, History, and all those things they'd so happily left behind in their classrooms.

China's State Council has issued a national guideline to promote sustainable and healthy development of the nation's rare earth industry.

Japan's return to recession and a bigger-than-expected slump in first-quarter economic growth are negative for its credit rating, Moody's Investors Service said, warning that a delay in recovery could warrant additional fiscal and monetary stimulus.

Spain's ruling Socialist party has suffered an overwhelming defeat in the local elections on Sunday.

Renewed worries in the euro-zone over the weekend pulled the euro down to a record low against the Swiss franc, weakened risky assets such as Asian stocks and boosted safe haven investments like U.S. government debt and gold on Monday.

United States administration is “deeply disappointed” by the refusal of Yemen’s president to sign an agreement to step down in 30 days, says U.S. Secretary of State Hillary Clinton.

A security flaw in the LinkedIn’s professional networking website makes users' accounts more prone to hacking without the use of passwords.

A group of heavily armed militants stormed a military airbase, PNS Mehra, in the Pakistani port city of Karachi early Monday morning, killing five security personnel and injuring many. According to various media reports, three militants were killed and four have been arrested.

Actor Michael Gough, who played the Dark Knight's butler in the 1989 film Batman, has died at the age of 94. Gough has been in the film business for over 60 years and starred in a dozen movies throughout his career. He was well known for playing Alfred Pennyworth in the pre-Nolan Batman flicks, assisting the Caped Crusader in his fight against crime.

The New York Taxi Commission has recently passed regulations removing the Lexus from the approved taxicab list, arguing the cars are too powerful, according to a New York Times report.

Harold Camping, who has been branded as a false Doomsday prophet after his May 21, 2011 End of the World prediction failed, is a “good neighbor,” a neighbor of the Family Radio president said.

Family Radio president Harold Camping, whose May 21, 2011 Doomsday prediction failed, has told International Business Times (IBTimes) on Sunday , May 22, 2011 that he is as shocked as anybody else that his prediction has failed and needed some time to think and recover before giving a public statement.