IBT Staff Reporter

Grammy-winning rapper T.I. and his wife were arrested on suspected possession of drug methamphetamines in Los Angeles. This came five months after the hip-hop star finished a prison stint on weapons charges.

Julian Schnabel's film Miral based on his Palestinian partner's biographical book was screened at the ongoing Venice Film Fest.

Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion (25 billion pound) bid for Potash Corp , a source with direct knowledge of the matter said.

Stocks jumped and commodities rose on Friday after data showing fewer U.S. job losses than expected reinforced other reports this week to ease fears the American economy is on the cusp of a new recession.

A major earthquake of 7.4 magnitude hit New Zealand, 30 km (20 miles) west of Christchurch early on Saturday morning, causing no immediate reports of casualties but widespread damage, authorities said.

BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.

A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 54 people in the second major attack this week, piling pressure on a U.S.-backed government overwhelmed by a flood crisis.

U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.

The School of Business of the East China University of Science and Technology (ECUST) offers International MBA (IMBA) to its students.

Mozambique police fired rubber bullets and teargas at demonstrators on Friday as rioting flared in the capital following two days of protests over high bread prices in which ten people were killed and hundreds wounded.

Hurricane Earl slapped North Carolina's coast with heavy wind and surf on Friday and then weakened as it swirled up the U.S. eastern seaboard towards New England and Canada as a much tamer storm than feared.

Google Inc has settled a lawsuit accusing it of privacy violations in connection with its Buzz social networking service, according to a court document filed on Friday.

Stocks jumped and commodities rallied on Friday after data showed U.S. job losses were less than expected in August, the second major report this week to ease fears the American economy may slip back into recession.

Pakistan's Taliban threatened on Friday to launch attacks in the United States and Europe very soon.

Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion (£25.3 billion) bid for Potash Corp , a source with direct knowledge of the matter said.

Stocks jumped and commodities rallied on Friday after data showed U.S. job losses were less than expected in August, the second major report this week to ease fears the American economy may slip back into recession.

Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.

President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.

Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- sending its stock sharply higher after months of uncertainty that dragged on its share price.

With little fanfare, equity markets have started to rally, investors have become sated with government bonds and cash levels are high enough to prompt a search for better yield.

Former Cuban leader Fidel Castro, wearing his green military cap and clothing like the comandante of old, made his first speech before the Cuban public on Friday since falling ill in 2006, warning of the threat of nuclear war.

The broad S&P 500 index closed its best week in eight on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.

Britain's leading share index hit a near four-month closing high on Friday after a better-than-expected U.S. jobs report eased concerns of the world's largest economy slipping back to another recession.

Survivors of the 1995 Srebrenica massacre forced a French former U.N. commander to leave a memorial site for victims on Friday, angry he had not fulfilled a wartime promise never to abandon the Bosnian town.

Wall Street was set to close its best week in six on Friday after economic data, including a stronger-than-expected labor market report, helped soothe fears the economy could fall back into recession.

European shares hit a three-week closing high on Friday and posted their biggest weekly gain in about 8 weeks as investors grabbed equities after figures showed that U.S. employment declined far less than expected in August.

Hurricane Earl slapped North Carolina's coast with rain, winds and heavy surf on Friday and swirled up the U.S. eastern seaboard towards New England and Canada as a much tamer storm than feared.

Stocks jumped and the dollar rallied on Friday after data showed U.S. job losses were less than expected in August, the second major report this week to ease fears the economy would slip back into recession.

Frequent trips to the Met's Egyptian rooms in New York inspired Leede's debut Ra Collection of textiles, which features block-printed Ancient Egyptian motifs and a subtle, earthy palette.