IBT Staff Reporter

A recent study published in the journal of Microbiology has shown that bacteria that adhere to chronic wounds are deadly to the maggots used as treat lesions.

SAP AG Chief Executive Leo Apotheker in a surprise move will step down with immediate effect amid customer dissatisfaction and what some analysts perceived as a lack of company strategy just seven months after taking over.

Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash.

The Aussie dollar remained relatively range bound on Friday bouncing between 0.8650 and 0.8700 for the majority of the Asian session.

Trade tensions are starting to flare as the pace of the global economic revival shows signs of slowing.

SAP AG Chief Executive Leo Apotheker, who has been with the company for more than 20 years, resigned with immediate effect just seven months after taking over as sole chief executive.

The risk the economy will slip back into recession is lower now than at any time in the past year, Treasury Secretary Timothy Geithner said on Sunday, while conceding that recovery will be slow and uneven.

U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc and other banks made on American International Group Inc , The New York Times reported on Sunday.

Japan Airlines Corp will keep its partnership with American Airlines in the Oneworld alliance and end talks with Delta Air Lines and the rival SkyTeam group, the Asahi newspaper reported.

U.S. stocks face more turbulence that could send indexes spiraling through key levels this week as doubts about the global recovery's pace persist and fears linger over Europe's sovereign debt woes.

Switzerland must consider the automatic exchange of tax information with European Union governments if Swiss banks are to have unlimited access to EU markets, the country's finance minister said in an interview published on Sunday.

The United States is unwilling to re-enter talks to alter a key deal struck with Switzerland to end a damaging tax case against Swiss banking group UBS AG , the U.S. ambassador in Berne was quoted saying in a Swiss Sunday paper.

Greece will stick to its deficit-cutting plan and the first three months of the year will be crucial for regaining investors and EU confidence, the country's finance minister said in an interview on Sunday.

The risk the U.S. economy will slip back into recession is lower now than at any time in the past year, Treasury Secretary Timothy Geithner said on Sunday, while conceding that recovery will be slow and uneven.

Online retailer Amazon.com Inc resumed selling hardcover and paperback books from Macmillan Publishers late on Friday in a sign the two companies are getting closer to resolving a pricing dispute over Macmillan's electronic books, which remain unavailable on Amazon.

Reassurances about debt-strapped Greece and agreement that banks should pay for future rescue funds capped an international meeting in Canada's Arctic, as European policymakers sought to convince jittery markets that they have things under control.

The idea of a global tax on banks to recapture bailout costs gained ground on Saturday, boosted by the Obama administration's latest proposals, but there was no agreement on a specific design.

Treasury Secretary Timothy Geithner insisted on Saturday that major economies were not easing up on their commitment to stiffen the rules for banks just because the global economy was recovering.

In a sign it is concerned about Main Street anger over bankers' compensation, Goldman Sachs Group Inc decided to give its CEO Lloyd Blankfein and other top executives lower bonuses than many had expected.

The common misconception is that ETFs take in investor money and then go out and buy the assets according to their investment mandate, like a traditional open-end mutual fund.

The euro zone's top finance officials sought on Saturday to calm concerns about a deep budget crisis that has roiled financial markets and raised questions about the future of the single currency group.

Recently there have been a number of articles on the Internet about tungsten-filled gold bars, as well as rumours that there are more fake and counterfeit coins than real ones.

Group of Seven officials agree banks must contribute toward the cost of dealing with the financial crisis but have not agreed on how they should pay, a German official said on Saturday.

Following are comments by finance ministers and other officials after a meeting of the Group of Seven industrialized nations, focused on the euro zone's budget crisis, bank regulation and economic recovery.

Dubai's Shuaa Capital narrowed its net loss 73 percent in the fourth quarter, as the investment bank's brokerage and private equity operations returned to profit and its corporate division curbed losses.

Finance chiefs from the world's rich powers focused on the euro zone's debt crisis at an Arctic summit and a top official said Europe was determined to solve its problems without the International Monetary Fund.

Russian President Dmitry Medvedev on Saturday told the head of state-owned bank VEB Vladimir Dmitriev that lending rates must continue to decline, Russian agencies reported.

An Iraqi militant group said on Saturday it kidnapped a U.S. civilian contractor last month and was negotiating the release of the body of another.

Pakistan's commercial capital Karachi was tense on Saturday a day after two bombs killed 31 people, raising further questions about the effectiveness of security crackdowns on al Qaeda-linked militants.