IBT Staff Reporter

The Korean government is using the G20 as a chance to boost prestige, using the concept of branding.

Gold prices rose above the $1,400 an ounce barrier for the first time ever today. New fears sparked by the latest Irish debt problems drove investors to seek security in the eternal metal. Comments from World Bank President Robert Zoellicks earlier today, in which he suggested that major global economies should return to a new gold standard, helped push investors towards gold, where gold set a new record high at $1408.10 an ounce.

The suicide concoction of fiat currency, debt, military empire, and delusion has been painless for those in power, but painful for the working middle class of this country.

China is not too pleased with America's plan to inject more capital into its economy in the form of a second round of quantitative easing.

Low voter turnout and allegations of fraud marred the polls in Myanmar. Counting is currently under way as polling booths closed in the late hours of Sunday. Though official figures are yet to be released, media reports suggest that not many people were enthusiastic about the elections. This is for the first time in 20 years that the Burmese people have been allowed to vote.

U.S. President Barack Obama announced 20 new trade deals with India worth about $10 billion, which are likely to create around 53,000 jobs in the United States. Deals ranging from sale of heavy transport and commercial aircraft, to gas and steam turbines have been inked. Obama, who is on a 10-day trip through Asia, presided over a meeting of U.S. and Indian executives in India's financial capital of Mumbai.

Unemployment rate in the US remained constant for the third month in October, while nonfarm payroll employment rose more than expected, according to a report by the US Labor Department.

A fight between EchoStar, Harbinger Capital Partners and holders of TerreStar Corporation's common stock could be brewing over the value of the TerreStar's spectrum and whether all of the company's affiliates should be in bankruptcy at all.

Having faced multiple hardware debacles ranging from Zune to Kin, Microsoft is out to prove naysayers false with its Xbox add-on Kinect, a motion sensor and voice recognition technology-based device that allows users to control games and movies with gestures and voice.

India's annual wholesale price index (WPI) for food articles declined to 12.85 percent for the week ended October 23, 2010, according to a government release on Thursday.

With our debt coming to maturity in the next ten years, which we cannot afford to pay, printing money seems to be our only option, which we feel is going to spur inflation, if not hyperinflation. We also feel if we adjusted gold for the inflationary highs of the 80's, gold bullion should already be at $2,200 an ounce, so we feel very strongly about a further drive up in gold over the next five years.

NASA turns to cloud computing to support its rovers Spirit and Opportunity as they scout the Martian terrain.

Less than half of the Asian companies listed on the Wall Street Journal’s Asia 200 Index have a corporate social media presence, said a new study by Burson-Marsteller, a public relations and communications firm.

App developers say obtaining private data is necessary for most apps to run, but what is done with that data is up to the app owner.

IBM Corp has introduced a new security initiative to make cloud computing safer.

China's Commerce Ministry denied the New York Times report stating the government has extended block on shipments of rare earth to include the United States and Europe, other than Japan, a Bloomberg report said, citing a faxed response from the Ministry.

President Barack Obama on Saturday urged changes in the U.S. tax code that would allow the government to collect taxes on companies that create foreign jobs.

Mobile and cloud computing technology will dominate enterprises as these two emerge as the most in-demand platforms for software application development and IT delivery over the next five years, an IBM survey report said.

A monthly gauge of online labor demand in the United States edged up in September from a month ago and was 16 percent above the reading from a year ago.

The White House said on Thursday the administration is reviewing legislation that could make it more difficult for homeowners to challenge unjustified foreclosure actions.

The percentage of home sellers who cut their asking price fell in September, with price reductions smaller than the month before.

The U.S. Justice Department said on Wednesday it was probing reports the nation's top mortgage lenders improperly evicted struggling borrowers from their homes as part of the devastating wave of foreclosures unleashed by the financial crisis.

The number of U.S. homes listed for sale in September rose from the previous month for the 9th straight month, according to data released by real estate brokerage ZipRealty.

Wells Fargo Home Mortgage did not cut corners to speed up the foreclosure process as some of its competitors have admitted to in recent weeks.

U.S. mortgage applications for home purchases rose for a second straight week, with demand at its highest level since early May as potential homeowners took advantage of record low interest rates

New research confirms that women plagued by morning sickness in early pregnancy are less likely to miscarry.

The three winners of this year's Nobel Prize for Chemistry all developed new ways to make carbon atoms stick to one another -- a mundane-sounding process that in fact underlies the very basis of life.

Health regulators plan to spend millions of dollars to step up their scientific prowess in a move that officials say will help quickly get new treatments to patients and protect the public against possible health threats.

Republicans could keep their promises to stop healthcare reform even if they cannot repeal it, simply by blocking legislation needed to pay for it, one expert argued on Wednesday.