IBT Staff Reporter

OPEC producers worked at a deal on Wednesday to raise oil supplies for the first time in four years to support the fragile world economy.

OPEC producers on Wednesday hammered out a deal to raise oil supplies for the first time in four years to support the fragile world economy.

Tencent Holdings, China's most valuable Internet company, said on Wednesday it has invested into a fund that will support early-stage Chinese Internet firms.

The Gaza Strip's health minister Basem Naem blames West Bank-based Palestinian Authority for an acute shortage of medicines and supplies in the region.

Apple's WWDC event was all about iOs 5, Mac OS X and iCloud but what was missing from the agenda was any mention of upcoming devices iPhone 5 or iPad 3.

iOS 5 the much anticipated major update to Apple’s mobile operating system, which was unveiled at Apple Worldwide Developers Conference (WWDC) 2011, boasts of beefy new features including News Stand, Reminders, iMessages and Delta Updates that will help the next generation (dubbed iPhone 5) steal a march over rival Android.

An unusual, medium-sized solar flare has erupted from the sun, observed by a NASA space observatory on Tuesday.

Prompted by the soaring cost of developing and marketing their medicines, drug companies are embracing the Internet in a bid to drive down costs.

France Telecom is unlikely to merge its mobile operations with those of Deutsche Telekom in other markets in the way it has done in Britain, the head of its European operations said on Wednesday.

McDonald's Corp reported a 3.1 percent rise in May sales at established restaurants, but in the United States, the gains were more modest than expected and its shares fell 1.7 percent in premarket trading.

Sony presented the new revolutionary hand held game console called PlayStation Vita at E3 2011 in Los Angeles, CA. The unveiling took place moments after Sony CEO Jack Tretton gave a public 'I'm sorry' apology for the company's network hack that affected millions of users.

Google started with a new feature for Google Calendar users, which makes it easy to publish appointment on a public forum so that collaborators can pick and choose the convenient times for them.

Stock index futures fell on Wednesday, pointing to a sixth day of losses in an enduring downtrend as investors worry about the bleak economic outlook and technical market indicators point to more weakness ahead.

McDonald's Corp reported a 3.1 percent rise in May sales at established restaurants, but in the United States, the gains were more modest than expected and its shares fell 1.7 percent in premarket trading.

Here are the transfer rumours in relation to European and Spanish champions Barcelona, with the Catalans being touted as the favourites to sign Udinese's much-rated winger Alexis Sanchez.

The Mavericks' Dirk Nowitzki was fatigued and had a temperature of 101 degrees. A fever has drained his energy, yet he fought and led the Dallas Mavericks to a victory to even the series with Miami at 2-2. Nowitzi scored the game deciding layup for an 86-83 win with less than 20 seconds in the game. The driving layup was followed by Miami's Dwayne Wade dunk, but Dallas' Jason Terry closed out the win with two free throws.

The Libyan woman who announced to international media that she was gang-raped by Gaddafi troupes has been relocated to Romanian UN headquarters.

The iOS 5 has ushered in a key feature which spells doom for RIM's BlackBerry Messenger (BBM) which could unleash an exodus of users from the BlackBerry camp - primarily college students.

Germany has put a Greek restructuring back on the table, demanding in a letter to its EU partners that private bond holders make a major contribution to a looming debt relief deal for the struggling euro zone member.

Europe's Airbus trailed U.S. rival Boeing in terms of plane orders in the first five months of the year as the companies gear up for their annual battle for customers at this month's Paris Air Show.

European stocks fell on Wednesday and the dollar dropped to a one-month low against the yen after U.S. Federal Reserve Chairman Ben Bernanke offered a grim view of the economy but failed to offer hints of fresh stimulus.

Google and Facebook warn internet users of websites running slow on Wednesday, as the world's largest internet companies, including Microsoft, Google, Yahoo and Facebook, test the new global number system.

U.S. drugmaker Merck & Co is to discontinue a major trial of a key vaccine from Intercell designed to protect against serious hospital infections, the Austrian biotech firm said on Wednesday.

Saudi Arabia faced resistance on Wednesday from OPEC producers opposed to an increase in oil supplies that may help ease crude prices.

Private-equity firm Najafi Companies is one of the suitors looking to buy the bulk of bankrupt bookseller Borders Group Inc's , the Wall Street Journal reported, citing multiple sources.

Research firm Gartner lowered its view on global PC market growth for 2011, saying consumers in developed markets were choosing tablets like Apple's iPad over small laptops.

Stock index futures pointed to a weaker open on Wall Street on Wednesday, extending losses to a sixth straight session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.4 to 0.6 percent.

After a series of Kinect hacks in recent months, Intel has used the Microsoft Kinect camera along with other open source software to enable photo-realistic rendering of 3D models into 3D images that are indistinguishable from a photograph.

According to the Australian parenting website, 'Raising Children Network', health problems associated with childhood obesity are so severe, that there are concerns the current generation of parents in Australia will outlive their children!