IBT Staff Reporter

The Italian parliament begins debating a much criticized austerity package on Tuesday after President Giorgio Napolitano issued a stark warning that urgent action was needed to restore trust in public finances.

Italian President Giorgio Napolitano urged swift action to strengthen planned austerity measures on Monday, saying a severe market selloff was a clear warning that markets had lost confidence in Italy.

A breakthrough achievement in Nanoscience was made when Tufts research team used a single molecule to create the smallest electric motor ever, which is ready to be recognized by Guinness World Records.

Four Republican state senators crossed party lines in June to vote in favor of New York's historic same-sex marriage bill -- and now the National Organization for Marriage has them in its crosshairs.

Nigeria's central bank plans to diversify its $33 billion in foreign exchange reserves away from the dollar by switching a tenth of the stockpile into yuan, underlining the momentum behind China's drive to internationalise its currency.

South Africa's stocks fell more than 2 percent on Monday and the rand hit one-week lows to the dollar, with further losses seen this week as worries about the global economy and euro zone debt crisis persist.

Ghana's 45,000 barrel-per-day state-run Tema oil refinery shut its main crude distillation unit on August 28 after running out of feedstock, two sources with knowledge of the plant's operations told Reuters on Monday.

Group of Seven financial leaders, worried about risks to global growth, are likely to agree this week to keep monetary policy accommodative, slow fiscal consolidation in countries where that is possible and implement structural reforms, a G7 source said.

A list of events to commemorate the 10th anniversary of the 9/11 attacks.

It was like adding insult to injury: not only did Tropical Storm Lee not bring Texas the rain it so desperately needs, but it whipped up wildfires that have killed at least two people and destroyed at least 300 homes, and show no signs of abating.

Europe's sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank Chief Executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector's finances.

LONDON - European stocks tumbled 4 percent on Monday, with banks plumbing a more than two year low, as fears for the future of the euro zone bubbled up against a background of weak economic growth and threats to the banking sector.

Including six people shot in Brooklyn Monday morning, New York City's weekend has seen a bloody holiday weekend, with total of 31 shot in 48 hours.

News International, the British newspaper wing of Rupert Murdoch's News Corp, has put its former Wapping home up for sale, abandoning a plan to remodel the 15-acre site in east London that housed the News of the World.

The world's tiniest electric motor has been created from a single molecule, giving hope for scientists for developing new devices that can be applied in medicine and engineering.

Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees.

Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees.

BP chief executive Bob Dudley told employees on Monday that investors' patience was wearing thin, as his turnaround failed to show rapid results and the oil giant continues to face headwinds.

Tropical Storm Lee flooded several neighborhoods in and around New Orleans, but it was not as bad as expected. By Monday morning, the storm had moved into Mississippi on its way to Alabama.

Although Bono has found his groove on the dance floor, there are some boundaries he is not yet willing to cross. Chaz has already told me he doesn't want to dance to any of his parents' songs, Schwimmer says, referring to the iconic duo--Sonny & Cher. But the show really wants it to happen, so we'll see.

Space junk scattered in Earth's orbit is at critical level, and coupled with NASA's dwindling budget, threatens spacecraft and satellites in orbit, according to a report recently released by the National Research Council.

Tired of digging through long-winded restaurant reviews to find a great meal? Next time, turn to your smartphone where personalized search engines will lead your stomach in the right direction.

A look back at a brief history of Labor Day and what is open and what is closed.

On the eve of their Euro 2012 qualifier against Wales at Wembley, England skipper John Terry has given his full backing to dropped club teammate Frank Lampard to rise to the requirements.

LONDON - European stocks shed 3 percent on Monday and the euro sank against the dollar as markets weighed a risk-heavy outlook for the euro zone, dominated by peripheral debt concerns and political uncertainty in Germany.

While the Touchpad may never beat the iPad, it has possibly set up a formula for other tablets to do so.

New Jersey is not usually the face of natural disasters. But it became just that on Sunday, when President Obama visited the state to survey the damage caused by Hurricane Irene.

Here are five features that the iPhone 5 should include for the best competitive interests of Apple.

Bieber is a name about town--you know his name, you know his face, you know all his life via Twitter and the endless surveillance thanks to paparazzi. It is as if Justin Bieber is not even a person... only a name. A singer. An idol. However, the young star is actually a 17 year old kid from Ontario, Canada.