IBT Staff Reporter

The postal services of Denmark and Sweden plan to let people mailing letters pay using text messages from mobile phones.

The Bank of England kept interest rates at a record low on Thursday, reluctant to jeopardize a fragile economic recovery and hopeful the recent surge in inflation will prove temporary.

The House Committee on Homeland Security has begun the first of a series of hearings, with the first on Thursday on The Extent of Radicalization in the American Muslim Community and that Community's Response.

Samsung Electronics is luring developers working on Nokia's Symbian platform to change sides as the Finnish company is to abandon this platform.

Bluewater Productions has made a Charlie Sheen comic book titled Infamous: Charlie Sheen that will document his life. It is scheduled for release this summer.

Data from NASA satellites shows both the Greenland and Antarctic ice sheets are melting faster, and making them a bigger contributor to sea level rise.

A comparison between Apple iPad 2 and LG's Android 3.0-based 3D capablet tablet G-Slate.

A net importer of Gold despite now being the world's No.1 mining producer, China saw 200 tonnes of demand during Jan. and Feb. according to an estimate from Swiss bank and bullion market-maker UBS.

Crude oil futures slumped on Thursday as the dollar index strengthened on fresh euro zone credit woes, while the focus remained on Libya, where the escalating violence triggered fears the country's oil infrastructure could suffer long-lasting damage.

Congress is preparing to pass the first major changes to patent law in more than a half a century, but some experts say it may not make much difference in the spate of technology company lawsuits.

The U.S. Supreme Court has admitted a petition for writ of certiorari filed by a music professor of University of Denver, who has challenged a 1994 recopyright law that removed thousands of foreign works from the public domain and gave them copyright protection.

Flanked by an entourage of assistants and advisors, Chinese mining tycoon Lian Guangming flitted from one luxury jet to another at the Asian Aerospace Expo in Hong Kong.

In this part of Iraq, the hillsides sweat oil. Without any coaxing, the sticky black treasure oozes from the layered rock and gathers in pools that bubble as dissolved gases surface. Gradually, as the crude slips down the hillsides, it solidifies into a grey mass that resembles a hardened lava flow.

Hairtech International, agreed to drop the multi-million dollar lawsuit it filed against Paris Hilton, according to a report by OK! Magazine.

A strong flow of imports pushed up the U.S. trade deficit in January, a further sign of strengthening demand, while new claims for jobless aid rose more than expected last week but remained at levels suggesting a labor market recovery was intact.

Stocks fell on Thursday, with each of the major indexes dropping more than 1 percent, and the S&P fell through a key technical level, signaling further declines may be on the horizon.

Tottenham Hotspur manager Harry Redknapp who on Wednesday saw his side qualify for the quarter-finals of the Champions League said he hopes to avoid Barcelona in the last-eights.

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Starbucks Corp will team up with Green Mountain Coffee Roasters Inc to take on the fast-growing single-serve market.

Stocks were set for a lower open on Thursday after a rating agency downgrade of Spain rekindled concerns over euro zone debt problems and disappointing economic data from China and the United states heightened global growth worries.

The trade deficit widened much more than expected in January to $46.3 billion, as surging imports of oil, capital goods and cars overpowered record exports.

Crude oil futures slumped on Thursday as the dollar index strengthened on fresh euro zone credit woes, while the focus remained on Libya, where the escalating violence triggered fears that the country's oil infrastructure could suffer long-lasting damage.

HP's strategy to create an ecosystem of apps and devices around its WebOS platform gathered steam, as CEO Leo Apotheker announced that from 2012 every PC shipped out of HP will have WebOS installed in it, apart from Microsoft Windows.

AOL Inc is cutting several hundred jobs in India, two sources familiar with the matter said on Thursday.

Starbucks Corp has signed a partnership deal with Green Mountain Coffee Roasters Inc , confirming expectations the pair would team up to take on the fast-growing single-serve market.

Rovio, the Finnish developer behind the Angry Birds smartphone game, raised $42 million from investors and named Skype co-founder Niklas Zennstroem to its board.

Sony Pictures may become the second movie giant to embrace the social networking site Facebook in the ongoing war between the Hollywood film industry and the video rental service Netflix.

Sony Corp is promoting Kazuo Hirai as the head of its consumer products unit, the company's biggest division, and CEO Howard Stringer said Hirai was in the lead to be his successor.

Football's World governing body FIFA has launched an investigation into a possible match-fixing case against six-match officials in relation to two International friendlies played in February.