IBT Staff Reporter

Global airlines will spell out the cost of a whirlwind of disasters, political unrest and high oil prices on Monday while mounting an all-out offensive against European plans to make them pay extra for carbon emissions.

The euro hit a one-month high on Monday, heading toward $1.50 ahead of a European Central Bank policy meeting later this week, an upward march that could bring commodity prices and emerging market currencies along with it.

Nobel Prize winner Peter Diamond said on Sunday he planned to withdraw as a nominee for Federal Reserve governor, after his nomination was repeatedly opposed by Republicans.

TransCanada Corp's 591,000 barrel-per-day capacity Keystone pipeline resumed shipping crude oil, one week after being shut by a leak at a Kansas pumping station, the Calgary-based company said in a statement.

Rolls-Royce is set to build a new engine to beef up the A350 jetliner being developed by Airbus in a costly rethink of strategy for Europe's most ambitious new plane project, industry sources said on Monday.

World number one Rafael Nadal equalled Bjorn Borg's record of six Roland Garros titles as he oversaw Roger Federer's challenge to claim the French Open at Court Philippe Chatrier on Sunday.

Global airlines more than halved their forecast for 2011 industry profits on the back of high oil prices and turmoil in Japan, North Africa and the Middle East.

TransCanada Corp was restoring operations on Sunday along the Keystone crude oil pipeline, one week after it was shut by a leak at a Kansas pumping station, a company spokesman said.

Apple has hired Peter Hajas, the person behind Mobile Notifier, in what some observers believe is the potential beginning of an advanced notification system for the company's iOS based devices.

Rafael Nadal's victory over Roger Federer to win his sixth French Open title once again showed why this rivalry might be the best that tennis has ever seen.

Nobel Prize winner Peter Diamond said on Sunday he planned to withdraw as a nominee for Federal Reserve governor, after his nomination was repeatedly attacked by Republicans.

Laurence Rook, 13, has invented a doorbell that tricks potential burglars into thinking you're at home, even when you're not.

Spectators and elected officials alike called it a 'shonda' that Representative Anthony Weiner would skip out on the Israel Day parade due to a lewd photo scandal that continues to plague him.

Scientists have successfully trapped and stored antihydrogen atoms for 16 minutes which is the all-time record according to European researchers at Large Hadron Collider.

Rafa Nadal won a record tying six French Open titles today after defeating Roger Federer in 4 sets. The victory gives Nadal a total of 10 majors and equals Bjorn Borg for French Open titles.

Federal prosecutors were looking to make a deal with former Senator John Edwards; they would accept his plea of guilty to three misdemeanor campaign finance violations allowing him to avoid a felony conviction and the ability to keep his law license.

Four people in the United States are suspected of having been exposed to an E. Coli outbreak in Germany after returning from travels to Hamburg, U.S. health officials said.

Bean sprouts grown in Germany have been identified as the most likely source of the E. coli outbreak which has mostly been restricted to northern Germany, state authorities said.

The hype behind Windows 8 is that the Metro interface is a drastic change from applying the same user interface across devices. Furthermore, Microsoft isn't just trying to catch up to Apple's shadow.

Greek government plans for yet more austerity to satisfy its international lenders brought at least 80,000 protesters on to a central Athens square Sunday to vent their fury at the nation's plight.

Israeli troops fired into a group pro-Palestinian protesters trying to cross from Syria into the Golan Heights on Sunday on the 44th anniversary of the 1967 Six Day War.

The majority of members that are part of the Los Angeles teachers unions voted for temporary salary reduction in order to spare over five thousand jobs.

Greece's cabinet is about to consider an economic plan imposing yet more austerity on an angry population, as the price of a second bailout partly funded by European taxpayers who have yet to be told the final cost.

The world economy appears headed for several months of sub-par growth, and there is no clear source of strength to lead it back to health.

Israeli troops fired at Palestinian demonstrators in Syria who rushed to the border fence on Sunday in what Israel called a challenge to its sovereignty. Syrian state-run media said 18 were killed.

The International Monetary Fund agreed to a $3 billion financing deal with Egypt on Sunday and praised the policies of an interim government struggling to stabilize the economy after the popular uprising.

Gulf Arab OPEC members led by Saudi Arabia will push for an increase in supplies at a meeting of the oil cartel this week in an effort to support flagging world economic growth by bringing crude prices back below $100 a barrel.

More than 1,600 people showed up to celebrate a German teenager's 16th birthday party after she inadvertently invited the public to attend on Facebook, Hamburg police said Sunday.

Nintendo's U.S.-based servers were attacked several weeks ago but no consumer data was stolen, the company said on Sunday.