IBT Staff Reporter

President Obama announced today the new head chairman of the Joint Chiefs of Staff to be US Army Chief General Martin Dempsey who will replace Admiral Mike Mullen.

TAIPEI (Reuters Life!) - Though Asian girl bands such as Japan's AKB48 and South Korea's Wonder Girls are gaining fame around the world, Taiwanese performer Shara Lin goes them one better -- she is her own band, playing violin, zither and piano.

EU regulators opened on Monday in-depth probes into two takeover bids in the computer hardware sector involving two Asian companies and two U.S. peers, saying it was concerned the deals would reduce the number of rivals.

More than 80 percent of women feel unsafe by the new guidelines which say routine breast cancer screening for women younger than 50 is not mandatory.

Saudi Prince Al-Waleed bin Talal said on Sunday that he wants lower oil prices so that Western countries don't have the incentive to find alternatives.

The two men who made BlackBerry a household name may not have the luxury of time to fix Research In Motion's flagging fortunes.

French Finance Minister Christine Lagarde arrived in Brazil on Monday seeking to win support from one of the most influential emerging economies for her bid to the lead the International Monetary Fund.

In town for the 2011 NBA Finals? When you're not watching the game, take time to explore some of the wonderful attractions Miami has to offer.

Taiwan's Asustek Computer demoed an interesting concept of a smartphone which docks into a tablet at the Computex IT trade fair in Taipei.

Motorsports sponsorships paid off for the National Guard yesterday, as all eyes were on the racing teams it sponsored--even though both teams lost.

Ireland's government moved on Monday to quash speculation it would be forced to seek a second EU-IMF bailout and said it would make a tentative return to international debt markets in the final quarter of next year.

Lockheed Martin Corporation, US's biggest military contractor, has signed an agreement to purchase a quantum computing system from D-Wave Systems Inc., a report on the company website said.

President Barack Obama joined Missouri Gov. Jay Nixon in Joplin at a memorial service for the community to comfort the people of Joplin, saying the efforts of people who gave their lives to save others in the midst of the devastating tornado showed the world what it means to love thy neighbor.

After killing social-media giants MySpace and Orkut run by News Corp and Google respectively, Facebook CEO Mark Zuckerberg has turned his attention towards small and big animals alike.

China has raised power prices for industrial, commercial and agricultural users in some regions by about 3 percent in an attempt to ease what threatens to be the worse power shortage in seven years in the world's second-largest economy.

The Public Broadcasting Service web site was defaced over the weekend with the hackers posting fake stories about Tupac Shakur being alive and in New Zealand.

Serbia may send Ratko Mladic to face genocide charges in The Hague within four days, a justice official said on Monday, after the Bosnian Serb wartime general’s son said he appeared frail after 16 years of run.

From Pamela Love to DANNIJO, here are pieces of jewelry that will capture your imagination.

Ratings agency Standard and Poor's cut its credit rating on Tokyo Electric Power <9501.T> to junk status on Monday, saying the utility's lenders were more likely to be forced to write off debt as part of a plan to compensate victims of an ongoing nuclear crisis.

In a country where being connected is seen as crucial, Ushi, China's answer to LinkedIn, expects explosive growth over the next few years in the world's largest Internet market.

Russian payment processing firm Chronopay denies it is connected to the Mac Defender malware that has infected thousands of Macintosh computers in the last few weeks.

Ratings agency Standard and Poor's cut its credit rating on Tokyo Electric Power <9501.T> to junk status on Monday, saying the utility's bank lenders were more likely to be forced to write off debt as part of a restructuring scheme to compensate victims of an ongoing nuclear crisis.

Russia's central bank surprised markets by raising its deposit rate on Monday, citing inflation expectations and risks to economic growth, and indicated that current rates will be acceptable in coming months.

ChronoPay, a Russian payment service company, has vehemently denied accusations that Mac Defender, the first scamware ever to strike Apple computers, is its “brainchild.”

Greece's conservative opposition demanded tax cuts on Monday as the price for a consensus deal with the Socialist government on imposing yet more austerity, a major condition for getting further aid from the EU and IMF.

Memorial Day, observed on the last Monday of May, is not just another day to take a day-off from work, have BBQ with friends, or get a special discount while shopping, but a day meant to commemorate the U.S. soldiers who died while serving in the military.

UBS has seen dire client activity in recent weeks, Juerg Zeltner, the bank's wealth management head, was quoted as saying in an interview with the Wall Street Journal on Monday.

China's Supreme Court has ordered to impose harsher penalties, which include death sentence to people who have violated the food safety, as the government struggles to clean up the food supply.

Hackers have infiltrated Lockheed Martin, the world's largest defense equipment supplier's defenses, which the company termed as significant and tenacious.