IBT Staff Reporter

Europe's central bankers said on Saturday their governments had at best bought time with a $1 trillion rescue, and called for radical action to curb budget deficits and harsh punishments for those who strayed.

The baby buggy manufacturer Maclaren has agreed to compensate more than 40 British children who suffered injuries from the use of their buggies.

Scientists discovered that blood test carried out soon after birth could prevent brain damage and other disability.

Google Inc said its fleet of cars responsible for photographing streets around the world have for several years accidentally collected personal information -- which a security expert said could include email messages and passwords -- sent by consumers over wireless networks.

Google Inc is closing its 4-month-old online cell phone store, abandoning an ambitious plan by the Web search leader to redefine wireless retailing.

Brazil and Iran are likely to sign a memorandum which would open the way for Brazilian companies to participate in the modernization of Iran's oil sector, the head of Brazil's energy regulator said on Saturday.

The British economy is in a dire state and there will be difficult times ahead as the government takes action to tackle a record budget deficit, new finance minister George Osborne said.

The Treasury Department is interviewing Wall Street bankers to advise the government on an initial public offering of General Motors Co , the Wall Street Journal reported on Saturday.

The chief economist for the World Bank said on Saturday that if China were to revalue its currency it would actually hurt rather than help the U.S. economy.

The chief economist for the World Bank said on Saturday that if China were to revalue its currency it would actually hurt rather than help the U.S. economy.

China should allow its currency to rise in order to help tamp down inflation, Singapore's finance minister said in a television interview.

The U.S. Treasury Department is interviewing Wall Street bankers to advise the government on an initial public offering of General Motors Co , the Wall Street Journal reported on Saturday.

* Chavez says websites, money changers to be raided * Fitch says new rules may hurt macro and ratings * Foreign exchange market paralyzed after law reform (Adds Fitch growth warning, details)

Keeping interest rates low for a long time can create ripe conditions for dangerous asset price bubbles, a Federal Reserve official said in a Wall Street Journal interview published on Saturday.

Will it or won't it? That is the million dollar question haunting global bullion market analysts now. With Akshay Tritiya being celebrated in India on May 6, global bullion market is eagerly waiting for the response Indian buyers are about to give to the auspicious day. Akshay Tritiya is Indian Hindus' auspicious day to buy gold when Hindu families flock to jewellery shops to buy new ornaments. However, this time around bullion analysts in London and Singapore are skeptical about the response fr...

European Central Bank President Jean-Claude Trichet denied the euro is under speculative attack despite its steep fall, and called instead for a quantum leap in monitoring to ensure government budgets are kept under control.

President Barack Obama on Saturday called for swift Senate action on a sweeping overhaul of Wall Street rules to secure America's economic future as a reform bill moves into the decisive stage next week.

BHP Billiton and Rio Tinto might re-evaluate plans to merge their Western Australian iron ore operations if an agreement is not reached by year end, the Wall Street Journal said on Saturday.

Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and U.S. oil inventories continued to build.

A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high-frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc, according to a document obtained by Reuters.

Recent Australian study has assessed prognostic aspects for patients with peritoneal mesothelioma who have underwent cytoreductive surgery and hyperthermic intraperitoneal chemotherapy (HIPEC).

Health officials advice people worried about privacy issues related to the use of electronic health and medical records to not be doubtful as the real health advantages far exceed the little potential drawbacks.

The claims of Prahlad Jani, 83 saying he has been without food and water for over 70 years, have been strongly disputed by Australian scientists.

According to the research by Melbourne scientists, routine physical and mental exercises can delay the onset of the hereditary Huntington's disease.

According to Don Pegler, state member for Mount Gambier, the loss of two psychologists in the city reveals a limited focus on mental health in South Australia

Goldman Sachs Group Inc and a consortium of other top banks are part of an effort to save ShoreBank Corp, a Chicago bank with Washington ties, a community activist close to the institution said on Friday.

Goldman Sachs Group Inc said it is setting up an internal committee to look at how the company deals with potential conflicts of interest and how it can better disclose what it does.

Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again.

Fearing huge losses in sales after pictures leaked of its fourth-generation iPhone, Apple Inc convinced police to launch a felony investigation and Chief Executive Officer Steve Jobs contacted the offending Web site himself to try and recover the gadget.