IBT Staff Reporter

The European Central Bank can further reduce its headline interest rate, but any cut is likely to be a measured 25 basis point cut, the bank's President Jean-Claude Trichet was quoted as saying on Sunday.

Samsung Mobile Display, a mobile display venture of Samsung Electronics, said on Sunday the global smartphone market was expected to grow to 500 million units in 2012 from 170 million in 2009.

U.S. Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday.

U.S. Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday.

Google CEO Eric Schmidt says 2009 will be year of the Android, suggesting Apple's iPhone may have a tougher competitor in the Smartphone market than previously expected.

Twitter challenges are far from over. Spencer Pratt of the U.S. reality TV series The Hills says he wants to compete against actor Ashton Kutcher in a Twitter popularity duel, after Kutcher became the first on Thursday of have a million followers.

President Barack Obama has proposed to his counterparts a new Energy and Climate Partnership of the Americas to promote renewable energy and reduce greenhouse gas emissions.

Ahead of key hearings about the American Clean Energy and Security Act scheduled for next week, Henry Waxman, Chairman of the House Energy and Commerce Committee, said he will not shift from his proposal to reduce greenhouse gases 20 percent by 2020.

Amid growing expectations for more electric cars on U.S. roads, General Motors said last week standardized power plugs are needed considering that drivers will find outlet voltages that won’t be always the same.

Top U.S. officials on Saturday offered reassurances that the worst of the economic downturn is likely over, helped by unprecedented efforts to keep credit flowing, though the recovery will be slow.

Top U.S. officials on Saturday offered reassurances that the worst of the economic downturn is likely over, helped by unprecedented efforts to keep credit flowing, though the recovery will be slow.

President Barack Obama said on Saturday he would soon announce the elimination of dozens of wasteful or ineffective government programs as part of a broad effort to restore fiscal accountability to the federal budget.

The Federal Reserve will not allow its unorthodox policies to trigger a surge in inflation, but may still need to do more to ease credit if the economy remains weak, the Fed's No. 2 official said on Saturday.

Four men behind The Pirate Bay, one of the world's biggest free file-sharing websites, were each sentenced to a year in jail on Friday for breaching copyright, and ordered to pay $3.6 million in compensation.

Japan's Toshiba Corp plans to raise about 500 billion yen ($5 billion) in capital as early as June to prop up its finances, battered by loss-making chip operations and tax credit costs, a newspaper said.

Bernd Pischetsrieder, ex-CEO of Volkswagen, could be a suitable head of a new Opel company independent of troubled U.S. parent General Motors Corp, an Opel dealer group in Germany was quoted on Saturday as saying.

A fund run by China Guangdong Nuclear Power Group, one of China's two leading nuclear power developers, has signed a deal raising 7 billion yuan ($1.03 billion) for nuclear and other energy projects, the Xinhua news agency said on Saturday.

U.S. President Barack Obama sat down with South American leaders on Saturday, saying he was ready to listen and learn after promising an era of more regional cooperation and a new start with communist Cuba.

Paul Volcker, senior economic adviser to President Barack Obama, said on Saturday that the U.S. economic recovery will be a long slog but that the rate of decline is going to slow.

Paul Volcker, senior economic adviser to President Barack Obama, said on Saturday that the U.S. economic recovery will be a long slog but that the rate of decline is going to slow.

Paul Volcker, senior economic adviser to President Barack Obama, said on Saturday that the U.S. economic recovery will be a long slog but that the rate of decline should slow.

A torrent of earnings threatens to swamp Wall Street's impressive rally next week, as results so far have shown the corporate outlook remains murky and investors worry that better-than-expected results from banks still don't prove the sector is stable.

China's Premier Wen Jiabao said on Saturday that economic polices of countries which issue global reserve currencies require closer supervision as part of building a diversified international monetary system.

Venture capital investment into start-ups dropped to its lowest level since 1997 in the U.S., with clean technology hit the worst, new figures showed on Friday.

Regulators closed banks on Friday in Missouri and Nevada, bringing the total of U.S. bank failures this year to 25 and matching the number that failed throughout all of 2008, as the struggling economy and falling home prices take their toll on financial institutions.

A plan for the restructuring of MGM Mirage , suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM's majority shareholder, a source familiar with the situation said on Friday.

Four men from The Pirate Bay were sentenced to a year jail and ordered to pay 2.5 million pounds in a landmark case.

The Environmental Protection Agency on Friday unveiled a finding that greenhouse gases endanger human health and welfare, opening the door to federal regulation of carbon dioxide as a pollutant.

The two companies are talking again, with less contention