IBT Staff Reporter

Burundi's annual inflation rate dropped to 6.5 percent last year from 10.5 percent 2009 thanks to lower food costs, but prices will likely rise again in 2011, the country's statistics board said on Friday.

Algerian food processor Cevital expects to increase raw sugar imports this year to 1.6 million tonnes to allow it to double exports of white sugar from its refinery, Cevital's chief executive said.

Egypt's banks will be shut on Sunday, the first day of the business week, the deputy central bank governor said, a move analysts said could spook investors looking to trade after unprecedented countrywide protests.

Thousands of angry Egyptians defied a curfew on Saturday for the second day in a row and stayed on the streets to push their demand that President Hosni Mubarak resign.

A new edition of the wildly popular game Angry Birds is coming out in March 2011. Its name will be Angry Birds Rio.

Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media behemoth that controls not just how television shows and movies are made but how they are delivered to people's homes.

A group of hedge funds led by Elliott Associates and Black Diamond Offshore Ltd appealed the dismissal of their $2 billion lawsuit against German automaker Porsche SE.

European policymakers and international bankers at the Davos forum said on Saturday the euro zone's debt crisis had turned a corner and any doubt about the survival of the single currency area had passed.

The question of where smartphones might someday go became more relevant at this year's CES, where Motorola revealed a pair of docks for its Atrix phone.

Top bankers adopted a softer tone after high-level meetings at the World Economic Forum on Saturday, thanking governments for shoring up the financial system in the hope of avoiding tighter regulation.

Take a look here at five prominent business schools that have an explicit thrust on innovation within their MBA or executive education programs.

Sued over beef and meat, Taco Bell has launched a damage control campaign on social media platforms like Twitter, Youtube and Facebook.

Chelsea will travel to Merseyside to face Everton in the fourth round of the FA Cup in Saturday's early kick-off.

Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday.

His latest shenanigans forced him to reconsider

Nickelodeon on Thursday premiered the first episode of the new SpongeBob SquarePants series, 'The Legends of Bikini Bottom', on Facebook, a day ahead of TV.

Iran's first nuclear power plant will be ready to generate electricity on April 9, atomic energy Chief Ali Akbar Salehi said on Friday

As auto manufacturers begin to launch the initial wave of electric vehicles (EVs) into the market, investment in EV cyber security systems is also expected to go up drastically.

Chevrolet is stepping up the national rollout of the Volt to match customer interest, the carmaker said in a statement.

All across Europe, from Brussels to the Balkans, a new generation of WikiLeaks-style websites is sprouting.

Two of the most significant risks that could affect the world in the next 10 years - given their high degrees of impact and interconnectedness - are economic disparity and global governance failures, according to a survey seeking the opinion of hundreds of experts, business leaders and policy makers.

Investors are closely examining the financial details disclosed in LinkedIn Corp's IPO filing, trying to determine how much the company is worth.

Stocks suffered their biggest one-day loss in nearly six months on Friday as anti-government rioting in Egypt prompted investors to flee to less risky assets to ride out the turmoil.

Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world's wealthiest people, became a lot richer last year.

Investors are closely examining the financial details disclosed in LinkedIn Corp's IPO filing, trying to determine how much the company is worth.

The U.S. Justice Department's review of Google Inc's planned acquisition of airline ticketing software company ITA Software is focusing on making sure ITA's products remain available, even to Google's rivals, according to a source close to the deal.

Goldman Sachs Group tripled Chief Executive Lloyd Blankfein's base salary and awarded him $12.6 million of stock, even after the bank's net income plunged last year.

American Express Co Chief Executive Kenneth Chenault sold more than $7.5 million of his company's shares, as the credit card lender said it will now pay him largely in restricted stock units instead of cash.

WikiLeaks founder Julian Assange says he enjoys making banks squirm thinking they might be the next targets of his website which has published U.S. diplomatic and military secrets.