IBT Staff Reporter

U.S. President Barack Obama and his wife gave the Queen of England a personalized iPod during his visit to the UK this week for the G-20 summit.

Federal Reserve Chairman Ben Bernanke on Friday said the Fed will use all tools to stabilize markets and set the stage for an economic recovery but provided no time frame for when a recovery will occur.

President Barack Obama told Europe on Friday it must do more to help the United States win the war in Afghanistan, looking to leverage his huge popularity here to wring concessions from NATO allies.

The U.S. unemployment rate soared to 8.5 percent last month, a fresh 25-year high, as employers slashed 663,000 jobs and cut workers' hours to the lowest level on record, the government said on Friday.

The Hotelicopter – the world’s first flying hotel made from a huge Soviet-made Mil V-12 helicopter.

If a deep global recession has eroded consumer confidence, you wouldn't know it by looking at the millions of people who are snapping up flashy BlackBerry smartphones made by Research In Motion.

Oil prices slipped on Friday, hovering above $52 a barrel as a report that unemployment in March soared to a 25-year high weighed on prices.

Credit rating firm Standard & Poor's cut its outlook on Sprint Nextel Corp to negative from stable, saying the wireless carrier's financial health could deteriorate further this year as it loses more subscribers.

The Dow industrials declined on Friday, as bleak jobs data and a sharper contraction in the services sector overshadowed reassuring results from BlackBerry maker Research in Motion .

Oil dipped near $52 on Friday, having surged nearly 9 percent the previous day as a result of the G20 summit, as U.S. data showing the highest unemployment rate since 1983 dampened thoughts of a quick economic upturn.

Oil dipped near $52 on Friday, having surged nearly 9 percent the previous day as a result of the G20 summit, as U.S. data showing the highest unemployment rate since 1983 dampened thoughts of a quick economic upturn.

The Dow Jones industrial average briefly turned positive on Friday as technology stocks extended gains and financials reversed an earlier drop.

Eight Chinese who used high-tech communications equipment, including mobile phones and wireless earpieces, to help their children cheat at university entrance exams have been jailed on state secret charges, local media said.

Thai and Cambodian soldiers exchanged rocket and rifle fire on a disputed stretch of their border on Friday, killing two Thais in the latest flare-up of an ancient feud over a 900-year-old Hindu temple.

U.S. credit markets are not showing the same optimism on the economy as U.S. equities, suggesting that the recession will run far longer than most expect, Mohamed El-Erian, the chief executive of bond giant Pacific Investment Management Co., said on Friday.

France is ready to take a detainee from Guantanamo Bay when the prison camp is shut down, French President Nicolas Sarkozy said on Friday after a meeting with U.S. President Barack Obama.

South African judge Richard Goldstone urged Israeli and Palestinian authorities Friday to cooperate with a U.N. investigation he is heading to examine alleged war crimes in their recent conflict.

NATO marks its 60th anniversary with a summit late on Friday at which U.S. President Barack Obama hopes to secure NATO backing for a new strategy in Afghanistan.

The international community will take steps if North Korea goes ahead with a planned missile launch to show Pyongyang it cannot act with impunity, U.S. President Barack Obama said on Friday.

Stocks trimmed losses on Friday while the Nasdaq turned positive, lifted by results from BlackBerry maker Research In Motion that surpassed expectations.

Federal Reserve Chairman Ben Bernanke on Friday said the Fed will use all tools to stabilize markets and set the stage for an economic recovery but provided no time frame for when a recovery will occur.

U.S. President Barack Obama called on Friday for a world without atomic weapons and urged allies to stand firm against Iran's nuclear ambitions and a planned missile launch by North Korea.

Researchers who have trained a tiny virus to do their bidding said on Thursday they made it build a more efficient and powerful lithium battery.

The U.S. unemployment rate soared to 8.5 percent last month, a 25-year high, as employers slashed 663,000 jobs and cut workers' hours to the lowest level on record, the government said on Friday.

Carnival Corp, the world's largest cruise ship operator, cut its second-quarter and full-year earnings outlook, citing higher fuel costs and a falling U.S. dollar.

While G20 nations were unified in announcing $1 trillion in new financing to help the world’s economy recover, their approach to dealing with toxic assets clogging bank balance sheets will be a local effort as conditions vary by country.

Internet calling companies such as eBay unit Skype have called on European policymakers to adopt policies that let consumers access their services through smart phones on any public network.

The U.S. unemployment rate soared to 8.5 percent in March, the highest since 1983, as employers slashed 663,000 jobs and cut workers' hours to the lowest on record, government data showed on Friday.

Rupert Murdoch, whose media company News Corp owns one of the few U.S. newspapers that makes people pay to read its news on the Web, said more papers will have to start doing the same to survive.