IBT Staff Reporter

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Asia-EU talkshop overshadowed by N.Korea, Myanmar

Asian and European foreign ministers held talks in Vietnam on Monday that were quickly overshadowed by North Korea's nuclear test and outrage at the trial of Myanmar opposition leader Aung San Suu Kyi.

India says Pakistan given enough Mumbai evidence

India's home minister said on Monday Pakistan had been given enough evidence to prosecute those behind last November's attack in Mumbai that killed 166 people and led to renewed tensions between the nuclear-armed rivals.

Italy willing to take Guantanamo inmates

Italy would be willing to help the United States take some prisoners from the Guantanamo Bay prison but it will act in harmony with other European Union countries, Prime Minister Silvio Berlusconi said.

Sri Lanka's Tigers acknowledge leader's death

Sri Lanka on Monday took the first step toward holding elections in areas formerly held by the rebel Tamil Tigers, who for the first time acknowledged the death of their founder and leader.

Pakistani soldiers battle Taliban in Swat town

Pakistani soldiers were moving from house to house on Monday as they battled militants in the main town in the Swat valley and were expected to take at least a week to secure it, the military said.

Myanmar opens trial again, Suu Kyi may take stand

Army-ruled Myanmar will open the trial of opposition leader Aung San Suu Kyi on Tuesday, diplomats said, when the Nobel Peace laureate is expected to take the stand in a case that has drawn international outrage.

WTO urges India, U.S. talks on protectionism

The World Trade Organization (WTO) chief urged the United States and India to start talks as soon as possible to tackle protectionism and called on Gulf Arabs to open up to international business.

Roh's suicide puts South Korean president in corner

South Korean President Lee Myung-bak faces a challenge this week on how to soothe political rancor that spilled out on Monday after the suicide of his predecessor Roh Moo-hyun and could threaten his economic reforms.

Germany nears decision on Opel suitors

Germany will decide on a preferred bidder for General Motors unit Opel by the middle of the week, after holding a final round of talks with suitors Fiat, Magna and RHJ.

Top greenhouse emitters meet, U.S. defends cuts

Top emitters of greenhouse gases tried on Monday to break a deadlock about sharing the burden of cuts in a U.N. climate pact, and Washington rejected charges that it was lagging Europe in fighting global warming.

World leaders condemn N. Korea test, urge action

World leaders condemned North Korea for carrying out nuclear and missile tests and U.S. President Barack Obama said Pyongyang's actions were a reckless challenge warranting action from the international community.

Solar power could surge by 2050 in deserts: study

Solar power plants in deserts using mirrors to concentrate the sun's rays have the potential to generate up to a quarter of the world's electricity by 2050, a report by pro-solar groups said on Monday.

Fed's Fisher says inflation no risk

Dallas Federal Reserve President Richard Fisher said there was no sign of a problem with U.S. inflation at the moment, and revealed that Chinese officials had quizzed him on the Fed's purchases of U.S. government bonds.

German business sentiment up, Japan raises outlook

A key measure of German business sentiment rose in May and Japan raised its economic outlook for the first time in three years in further signs the worst of the global recession may be over, with stability seen later in 2009.

Oil falls towards $61

Oil prices fell toward $61 a barrel on Monday, giving away some of last week's gains, ahead of OPEC's meeting in Vienna, where the group was widely expected to agree not to cut oil output further.

North Korea conducts nuclear test, U.N. to meet

North Korea conducted an underground nuclear test on Monday, stoking tension across the regional economic powerhouse of East Asia and prompting U.N. Security Council members to call an emergency meeting.

Opel insolvency seen possible but unlikely

General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the premiers of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.

YouTube star who witnessed a shooting comes clean

An Australia woman's account of a late night shooting in Sydney has turned her into an Internet sensation with T-shirts, mugs and a dance remix made in her honor but there's just one problem -- she made it up.

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