IBT Staff Reporter

Investors will grapple with more turbulence surrounding Europe's deepening debt problems this week and the prospect of another round of dismal data on the faltering U.S. economy.

Switzerland does not need an emergency law or a separate treaty as it works toward a solution in its latest tax spat with the United States, finance minister Eveline Widmer-Schlumpf was quoted as saying in a Swiss newspaper interview on Sunday.

Former BP boss Tony Hayward is considering whether to step down from the board of Russian oil joint venture TNK-BP but has yet to inform the British oil company of any decision, a spokesman for the company said.

Some banks may have to get help from the state as plunging share prices could make it difficult to raise capital, UBS chief executive Oswald Gruebel told Swiss newspaper Sonntag in an interview published on Sunday.

Americans on Sunday remembered the horror of September 11, 2001, and the nearly 3,000 people who died in the hijacked plane attacks as authorities worked to ensure the emotional 10th anniversary was peaceful.

Russia's embassy in London said on Sunday its website crashed in a suspected hacking attack just before Prime Minister David Cameron begins the first visit by a British leader to Moscow since the 2006 killing in London of a Kremlin critic.

An Arizona church named Phoenix Goddess Temple has been accused of practicing sex in the name of healing practices in exchange for monetary donations.

The euro and growth-linked currencies may fall on Monday, hit by a lack of concrete measures from Group of Seven finance chiefs to address either faltering growth, the escalating euro zone debt crisis, or exchange rate volatility.

IMF chief Christine Lagarde said on Saturday that reports of a draft IMF document showing a $273.2 billlion shortfall in European banks' capital were misleading and the lender was still finalizing its study.

France on Sunday staked the future of the European Union on the fate of the euro, saying the economic and political union at the heart of Europe would be at risk if the single currency were allowed to be torn apart by the region's sovereign debt crisis.

Former BP boss Tony Hayward is to resign from the board of Russian oil joint venture TNK-BP after announcing his return to the oil business with a new major deal, the Sunday Telegraph newspaper reported.

A new Netflix update brings the app to Verizon 1.4, which means Netflix will stream movies on 80 percent of the Android based smartphones that run on Android 2.2(Froyo) or Android 2.3 (Gingerbread).

Motorola Droid Bionic has finally hit the stores through Verizon for $299.99 on a two year contract, while the iPhone 5 is eventually heading towards the release date.

Michelle Obama visited the US Open on Friday at New York's Flushing Meadows to promote her Let's Move campaign which seeks to end childhood obesity in the United States

Greek Prime Minister George Papandreou said on Saturday he would do whatever it takes to rescue his country from bankruptcy and stay in the euro zone, as doubts in Europe grew over its membership in the bloc.

Demonstrators dumped mussel shells in front of Italy's parliament on Saturday, accusing politicians of squeezing workers with an austerity package while clinging to their privileges like mussels cling to rocks.

France's top banks are bracing themselves for a likely credit rating downgrade from Moody's, sources close to the situation said on Saturday, further complicating their efforts to assure investors they are riding out the tensions in funding markets.

The Treasury is weighing a proposal to eliminate some, but not all, of the taxes on overseas profits of U.S.-based companies, the Wall Street Journal reported on Saturday, citing two people familiar with the deliberations.

Jewelry company Richline International, part of billionaire investor Warren Buffett's Berkshire Hathaway , will buy its fifth small Italian jewelry brand as it plans to expand further in Italy.

Debt-laden Greece's government vowed on Saturday to stay the course of austerity, sending a message to its increasingly frustrated lenders it will do everything it takes to avoid a bankruptcy that would rock the euro.

Germans expressed shock and dread about the direction of euro zone policy on Saturday after their top official at the European Central Bank resigned in a conflict over the bank's response to the debt crisis.

By resigning in protest at the European Central Bank's bond-buying programme, heavyweight policymaker Juergen Stark has increased the pressure on incoming ECB president Mario Draghi to use the plan sparingly.

U.S. authorities now have statistical data from the ten Swiss banks being investigated by the United States for helping U.S. clients to dodge taxes, Swiss newspaper Neue Zuercher Zeitung reported on Saturday.

Germany has proposed deputy finance minister Joerg Asmussen to replace Juergen Stark on the European Central Bank's executive board, Finance Minister Wolfgang Schaeuble said on Saturday.

It was reported that the Miley Cyrus was seen dancing seductively for her boyfriend, Liam Hemsworth. The New York Post claims that on Sept. 7, Cyrus, Hemsworth, and her mother Tish, were at a launch party in Chicago. Liam was sitting down while Miley was dancing playfully and seductively, a witness claims. Nothing too over the top, though, as she was under the watchful eye of her mom. There was a very relaxed, good energy.

A magnitude 6.4 earthquake that rattled Vancouver Island Friday afternoon was followed by dozens of aftershocks, and more is expected.

As his global teleconference broke up in disarray on September 11, 2001, a top economist at a U.S. investment bank began to ponder what the attacks on the United States might tell him about the future shape of the world. His conclusions had little to do with Al Qaeda.

The euro area needs a full-time financial leader to better respond to its sovereign debt crisis, Eurogroup leader Jean-Claude Juncker said on Saturday, signaling that the pressures of the job are too much.

Italy will next week start an in-depth look into progress of past efforts to improve public finances and growth and try to find new measures to spur the economy, Economy Minister Giulio Tremonti said on Saturday.