IBT Staff Reporter

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iTunes reveals automatic download and updates for Apple iOS 5 apps

A leak within iTunes suggests that automatic download and updates are scheduled for the upcoming iOS 5 according to a message announcement on the iTunes update page. The news come amidst the handful of rumors and expectations that is surrounding next week's WWDC presentation by CEO Steve Jobs on Apple's iOS 5 , Lion, and iCloud. Users have been suggesting that over the air updating is coming to iOS but the iTunes message is a close sign to confirming the new service.

Introduction of Apple iCloud could bury the competition

With inked deals with the top four major music record labels and the launch of its anticipated iCloud service, Google and Amazon's cloud music services will be keeping Apple in close observation. Along with Apple's announcement of iOS5 and Lion, the platforms are lined up nicely to support iCloud in its quest to overpower the competition via photos, music, and video streaming.

Google wallet's security is in question

Google’s effort to make mobile payment secured by using near field communications (NFC) technology from smartphones, is not so successful, said security experts.

Greece to ask banks to boost capital ratios: report

The Bank of Greece, the country's central bank, plans to ask banks to boost their capital adequacy ratio to ease market fears over the impact of a haircut on Greek government bonds they hold, a Greek newspaper said on Sunday.

Investors stay wary before Prada's IPO show

Wealthy Asian buyers are used to jostling for seats at fashion house Prada's catwalk shows, but investors may baulk at the price of its upcoming $2 billion initial public share offering in Hong Kong.

Former UBS banker facing fraud charges: paper

A former client advisor for Spanish customers at Swiss bank UBS is facing criminal charges after allegedly cheating wealthy clients out of around 20 million Swiss francs ($23.99 million), a Swiss newspaper said on Sunday.

Apple set to answer all iCloud anticipations

Apple had kept the market in mystery by not revealing the details of ‘ the upcoming cloud service offering’, since the announcement of unveiling Lion, iOS 5, iCloud in the press release.

China says will not threaten anyone with modern

China's defense minister sought to reassure Asia Pacific neighbors on Sunday that his country's growing economic and military power was not a threat, as long-running maritime disputes in the region flare up again.

Lagarde likely to be next IMF chief: report

French Finance Minister Christine Lagarde will likely become the next head of the International Monetary Fund , with backing of the United States and Japan, the Nikkei financial daily reported on Sunday, citing unidentified global financial industry sources in Washington.

In Sony's Digital Journey, Hackers Come Along for the Ride

However the latest challenge for the co-chairs of Sony Pictures Entertainment has nothing to do with their traditional expertise in fostering an environment to create the next hit movie, television show or running the global company's traditional distribution networks.

Sarah Palin, the Midnight Ride and Paul Revere in His Own Words

Sarah Palin continued her One Nation bus tour of historical sites on Friday, visiting sites in Boston marking the eve of and early stages of the American Revolution in 1775, including the home of famous intelligence messenger Paul Revere, church-turned-signal house Christ Church, and Bunker Hill, site of an early battle won by the British at the cost of heavy losses.

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