IBT Staff Reporter

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Apple Released iOS 5 Beta 5 Today, Throttles iOS 5 Slots Sold To Non-Developers

As the fall release of iOS 5 - the latest version of the world's most advanced mobile operating system - approaches, iOS 5 beta 5 was released today for developers to download at Apple's iOS developer website. In the meantime, Apple reportedly started to close the accounts of some iOS 5 developers for selling their slots for UDIDs, the unique identification numbers associated with every iOS device.

Robots Drive Safer Than Humans, Google Keeps Perfect Driving Record

Google has been involved in a car accident with another vehicle while operating its automated robot car. The Google Prius was reported to have rear ended several cars including another Toyota Prius. The tech giant claims that the accident occurred while the car engine was switched to manual mode saying the automated robot was not responsible.

G7 major powers to confer on markets crisis: source

Finance ministers and central bankers of the Group of Seven major industrialized nations will confer by telephone on turmoil in the financial markets later on Saturday or on Sunday, a senior European diplomatic source said.

Power companies prepare as solar storms set to hit Earth

Three large explosions from the Sun over the past few days have prompted U.S. government scientists to caution users of satellite, telecommunications and electric equipment to prepare for possible disruptions over the next few days.

NASA: Water on Mars Could Mean Life on Mars

The mysterious dark lines in question were observed to be occurring seasonally as the ground they came from was exposed to warmer temperatures. The line would then disappear later as temperatures dropped, causing the scientists to speculate that briny water was causing the flows. The discovery could be a huge breakthrough in the search for whether or not liquid water ever existed on the surface of Mars.

ECB Split Over Whether to Buy Italy Bonds: Sources

The European Central Bank remains divided over whether to buy Italian government bonds but even some of those who favor the move say Italy should do more to front-load austerity measures, ECB sources said Saturday.

EU's Rehn praises Italy steps, implementation key

The European Union's top economic official praised Italy's decision to accelerate budget-balancing measures and structural economic reforms on Saturday and said swift implementation would now be crucial.

S&P Downgrades U.S. Credit Rating; What Lies Ahead?

The U.S. lost its AAA credit rating from Standard and Poor's for the first time in history, dealing a symbolic blow to the world's economic superpower. The impact of this downgrade is a matter of speculation.

United States loses prized AAA credit rating from S&P

The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default.

China flays U.S. over credit rating downgrade

The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone crisis.

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