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Obama meeting Sonia Gandhi and PM Singh

Barack Obama: The Honorary ‘Desi’

Up until now, Obama has generally enjoyed broad popularity in India – a country he has long been linked to, both personally and professionally.
US Retail Sales

US Retail Sales Fall For 3rd Straight Month In June

U.S. retail sales unexpectedly declined for a third straight month in June, the latest sign that weak job growth and stagnant wages have taken a toll on the biggest part of the economy.
Asian Stocks

Week Ahead: Asian Markets Likely To Be Range-Bound

Asian markets breathed a sigh of relief Friday as the Chinese GDP figures improved, contrary to what some had feared, and eased concerns of a sharper slowdown in the world's second largest economy. The second quarter economic data showed a sequential acceleration and pointed to a pick-up in growth in the second half of the year.
Apple Store

As Apple Faces New US Discrimination Accusations, Iran Tries To Capitalize

Reported incidents of discrimination by Apple Store employees against people of Iranian descent are increasing, raising the likelihood that what appeared to be a few cases of prejudice may turn into a legal and diplomatic scandal. Further, the company's virtual non-response to the reports exposes it to being played by Tehran, which has already become involved.
iPhone 5

Apple iPhone 5 Pre-Orders Starts In China, Sellers On Chinese E-Commerce Platform Asking Up To $1,100

Although rumors and speculations surrounding Apple's sixth generation iPhone, presumably called the iPhone 5, are at their peak, the highly anticipated smartphone is not likely to hit stores before the fall. But opportunistic traders on China's largest e-commerce platform, Taobao, seem to topple the Cupertino tech giant as they have started accepting iPhone 5 pre-orders, complete with fake pictures and purported technical specifications.
Damaged corn stock, U.S. corn drought.

Today's US Drought, Tomorrow's Higher Grocery Store Tab

Your corn flakes are going to be more expensive in six to 12 months' time. As will your ketchup, carbonated drinks, sweets, hamburgers, chicken and many other things in the corn-heavy American diet.
International Business Times Logo

Crude Oil Futures Hover Above $85 In Asia

Crude oil prices lowered slightly and hovered above $85 a barrel in Asian trade Thursday, as investors opted for caution ahead of the Chinese GDP data.
Justin Bieber at 2012 Tribeca Film Festival

Justin Bieber?s 911 Call Released; Cops Were ?Like, Not Being Nice?

Justin Bieber's 911 call was released, revealing an attempt to report paparazzi following the Biebs on a Los Angeles freeway on Friday night. The tape reveals a distraught teen, upset that he was being chased around by photogs and also complaining that police officers were like, not being nice.

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