IBT Staff Reporter

After maintaining their tough stance for most of the transfer season, Samir Nasri appears to have finally broken Arsenal's resolve as the club is now willing to sell the French midfielder if Manchester City offers a fee of £25 million.

Japan's Finance Minister Yoshihiko Noda postponed a reported plan to announce on Tuesday his bid to replace unpopular Prime Minister Naoto Kan, saying he would focus on confronting global financial market turmoil.

Political leaders failed to halt a global stock market rout that gathered steam as investors lost confidence that Europe and the United States can rein in their budgets quickly and as fears spread that the economy could slide back into recession.

The global economy edged closer to calamity as stock markets slumped further in Asia on Tuesday, with investors losing confidence that the United States and Europe can rein in their debt burdens quickly and avert a double-dip recession.

Researchers have created spermless mosquitoes to defeat the spread of malaria, a disease which kills around one million people every year worldwide.

Gerard Butler to star in FBI thriller "The Bricklayer"

General Motors , the biggest overseas automaker in China, rolled out its first car under its newly created Baojun brand in the country on Tuesday.

The European Central Bank is actively buying government bonds in the secondary market, ECB President Jean-Claude Trichet said on Tuesday, urging governments to implement new measures agreed at July 21 crisis talks quickly.

The cat's out of the bag as a U.S. magazine reveals the identity of the mystery woman kissing pop legend Elvis Presley in a backstage theater stairwell in an iconic 1956 photograph entitled "The Kiss." The identity of the woman in the photograph has been a mystery until now.

Researchers have found a flaw in Android, which can be exploited for stealing data via phishing or for sending irritating pop up adverts.

BlackRock will use profits it is making in gold and bond markets to seek out bargains in falling global equity markets, James Holt, investment strategist at the world's largest money manager, said on Tuesday.

House Leaders announced on Monday that they are shutting down the House page program, a nearly 200-year-old institution which allowed high school students to serve as messengers and learn about the Congress

Rioting and looting spread across London on Monday as hooded youths set buildings and cars ablaze, smashed shop windows and hurled bottles and stones at police in a third night of violence in Britain's worst unrest in decades.

In addition to DNA findings in meteorites, the discovery of molecules linked with a vital ancient biological process, supports scientists' theory that life on planet Earth could have started from components from outer space.

India's benchmark gold futures on the Multi Commodity Exchange extended gains by more than 3 percent on Tuesday morning and hit a new peak of 26,198 rupees per 10 grams, tailing a rally in the world market and on a weak rupee.

In particular, the risk of death seemed to correlate with the perceived niceness of co-workers, as less friendly colleagues were associated with a higher risk of dying and friendly co-workers helped to alleviate the stress. In contrast, the niceness of the boss had little impact on mortality.

Stock markets plunged on Tuesday and the Swiss franc held near a record high as investors dumped riskier assets in a global rout triggered by fears that political leaders are failing to tackle debt crises in Europe and the United States.

The London riot, now in its third day, is going strong as violent rioters go against police and loot the city. Birmingham and Liverpool are reporting riots breaking out as well. Windows have been smashed, polices vans attacked, and cars set on fire in Hackney. Trains have stopped providing service at Hackney Central Station, whie buses are not operating in Lewisham or Peckham.

China's annual inflation rose to a higher-than-expected 6.5 percent in July, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.

Japanese Finance Minister Yoshihiko Noda will run in a party leadership race to replace Prime Minister Naoto Kan and may resign his cabinet post in coming weeks to boost pressure on the premier to step down, the Sankei newspaper reported on Tuesday.

Japanese policymakers voiced growing alarm on Tuesday over upheavals in financial markets and a worsening global economic outlook as stocks plunged and the yen edged back to highs scaled prior to last week's intervention.

Singer Gavin DeGraw was assaulted by a group early Monday in New York City, police said.

Meteorites, or space rocks, revealed amino acids which make up proteins, essential building blocks of life that could have been an important source of the organic compounds of life on Earth. Key DNA components exist in extraterrestrial meteorites, and another team has also discovered molecules linked with a vital ancient biological process.

Brent crude plunged to a six-month trough below $99 a barrel on Tuesday in a two-session drop of more than $10, after a U.S. credit downgrade intensified fears about a global slowdown in demand for energy, sending commodities markets tumbling.

Japanese Finance Minister Yoshihiko Noda intends to resign after passage of a crucial bill to fund this year's budget, possibly later this month, and will run in a ruling party leadership race to replace Prime Minister Naoto Kan, the Sankei newspaper reported on Tuesday.

Hours before a straw vote test in Iowa, Texas Governor Rick Perry is expected to make it clear whether or not he will run for the presidential election.

Video game publisher Take-Two Interactive Software Inc missed Wall Street estimates because one of its games failed to connect with audiences, but it downplayed concerns the NBA lockout would hurt its top-sports title.

The second day of a strike by Verizon workers turned ugly after union representatives accused managers of injuring three workers while driving past picket lines, and the phone giant complained of a spike in network sabotage cases.

For plenty of financial advisers -- who also serves as quasi-therapists, spiritual gurus and confidantes -- Monday was bad.