IBT Staff Reporter

A new racing car made with potatoes and carrots and is powered with chocolate waste is been developed by the Innovative Manufacturing Research Centre of the University of Warwicks in the U.K.

The United States on Tuesday held out the chance of attending a U.N. conference on racism in Geneva next week but said the final text must remove what Washington views as restrictions on freedom of speech.

Bolivian President Evo Morales ended a five-day hunger strike on Tuesday after lawmakers approved a controversial electoral law that allows him to run for a second term and seek a majority in Congress.

EBay Inc plans to spin off its Skype unit, acknowledging that the Web telephone service does not fit with the rest of the company, in an indictment of former CEO Meg Whitman's acquisition strategy.

North Korea said on Tuesday it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium after the United Nations chastised it for launching a long-range rocket.

North Korea ordered U.N. inspectors to leave on Tuesday after saying it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium, the United Nations said.

The American ship captain held hostage by Somali pirates will return to the United States with his crew Wednesday.

U.S. President Obama said in a speech on economy Tuesday that recent stimulus measures are starting to generate signs of economic progress, but more tough times are ahead.

Intel Corp smashed quarterly earnings expectations and declared that the worst may be over for the tech sector, but its shares slid 4.5 percent after it failed to give a clear revenue forecast.

Intel Corp.'s first-quarter profit blew past Wall Street's grim forecasts but failed to provide a formal revenue outlook for the current quarter, sending its shares down 4.6 percent.

On Tuesday hopes of the recession coming to an end were dashed sending U.S. stocks down after reports of the economy and banking sector.

The White House said on Tuesday that North Korea's threat to withdraw from six-party talks was a serious step in the wrong direction and urged Pyongyang to end its provocative threats and live up to its international obligations.

Goldman Sachs Group Inc sold $5 billion of stock to help fulfill what it called its duty to repay a federal bailout, but the government worries a quick return of funds could pressure other banks to repay their aid prematurely.

Intel posted stronger-than-expected results but failed to provide a formal revenue outlook for the current quarter, sending its shares down 4.6 percent.

Time Warner Inc's AOL has asked a federal court to rule that it is not infringing patents held by Yahoo Inc.

Amid a growing push for energy efficient vehicles, Fortune magazine has hit the stands this week with a cover showcasing magnate Warren Buffett and a much expected all-electric E6 car which will hit the Chinese market later this year from manufacturer BYD, a company in which Buffett has a considerable stake.

The President of the Renewable Fuels Association, Bob Dinneen said on Tuesday that eventually, the U.S. government will allow higher levels of ethanol to be blended into gasoline.

Stocks fell on Tuesday as a surprising drop in retail sales dented hopes the recession was abating and financial shares slid on fears that Goldman Sachs' share offering could prompt others to follow suit.

Twitter website appears to be clear of traces from the worm that attacked the social networking site over the weekend.

Hopes of seeing the end to the recession were crushed on Tuesday at the U.S. retail sales saw an unexpected drop of 1.1 percent in March compared to the previous month, the Commerce Department said.

A wealthy Florida yacht broker, caught up in a federal probe of UBS AG , pleaded guilty on Tuesday to using the Swiss bank to hide more than $3 million in assets from the U.S. government.

The influential chairman of the U.S. House Financial Services Committee, Representative Barney Frank, on Tuesday welcomed Goldman Sachs Group Inc's plan to repay government bailout funds and said worries it could stigmatize other banks were silly.

Intel Corp posted stronger-than-expected results but gave only an informal revenue outlook for the current quarter, sending its shares down 5 percent after hours on Tuesday.

On Tuesday Federal Reserve Chairman Ben Bernanke said the recession may be easing and the sharp decline in the economic activity may be on the decline due to the ‘tentative signs’ that are present.

Stocks fell on Tuesday as a surprising drop in retail sales dented hopes the recession was abating and financial shares slid on fears that Goldman Sachs' share offering could prompt others to follow suit.

Federal Reserve Chairman Ben Bernanke said Tuesday the latest figures on housing and consumer spending suggest a rapid contraction in the economy could be easing.

Sales at U.S. retailers unexpectedly fell 1.1 percent in March after rising for two straight months, government data showed on Tuesday, dimming hopes the 16-month-old recession was close to hitting bottom.

A British police watchdog group will investigate a second suspected incident of police violence during demonstrations against the G20 this month after video footage emerged on Tuesday of an officer lashing out at a woman.

Stocks fell on Tuesday as a surprising drop in retail sales dented hopes that the recession was abating and financial shares slid on fears that a stock offering by Goldman Sachs could prompt others to follow suit.