IBT Staff Reporter

The danger of an uneven economic recovery in Europe has fallen despite concerns about the patchy nature of the upturn, European Central Bank Governing Council member Ewald Nowotny said on Monday.

Sony Corp said on Monday it would hold a news conference at 4:30 a.m. EDT about its revised earnings estimate for the year that ended on March 31.

Debt worries hammered European markets on Monday, knocking both the euro and regional shares down 1 percent while also weighing heavily on world equities, sending emerging markets down nearly 2 percent.

Japan's return to recession and a bigger-than-expected slump in first-quarter economic growth are negative for its credit rating, Moody's Investors Service said, warning that a delay in recovery could warrant additional fiscal and monetary stimulus.

Tunisian foreign minister Mouldi Kefi said he believed that Libyan oil minister Shokri Ghanem, was no longer working for the Gaddafi regime.

One of the best gifts parents could ever give their child is the love for reading. So how does one inculcate this fondness for books in their little ones? When the child is a toddler, the parent reads aloud to them - the incredible rhythmic beat of Chicka Chicka Boom Boom by Bill Martin Jr. And John Archambault continues to mesmerize toddlers even today, more than 2 decades after it was first published.

Most kids would identify with these lines about homework, from the poem 'My Excuses' by Arielle Perkins. After working hard all day at school, children wonder why they have to repeat Math, History, and all those things they'd so happily left behind in their classrooms.

China's State Council has issued a national guideline to promote sustainable and healthy development of the nation's rare earth industry.

Japan's return to recession and a bigger-than-expected slump in first-quarter economic growth are negative for its credit rating, Moody's Investors Service said, warning that a delay in recovery could warrant additional fiscal and monetary stimulus.

Spain's ruling Socialist party has suffered an overwhelming defeat in the local elections on Sunday.

Renewed worries in the euro-zone over the weekend pulled the euro down to a record low against the Swiss franc, weakened risky assets such as Asian stocks and boosted safe haven investments like U.S. government debt and gold on Monday.

United States administration is “deeply disappointed” by the refusal of Yemen’s president to sign an agreement to step down in 30 days, says U.S. Secretary of State Hillary Clinton.

A security flaw in the LinkedIn’s professional networking website makes users' accounts more prone to hacking without the use of passwords.

A group of heavily armed militants stormed a military airbase, PNS Mehra, in the Pakistani port city of Karachi early Monday morning, killing five security personnel and injuring many. According to various media reports, three militants were killed and four have been arrested.

Actor Michael Gough, who played the Dark Knight's butler in the 1989 film Batman, has died at the age of 94. Gough has been in the film business for over 60 years and starred in a dozen movies throughout his career. He was well known for playing Alfred Pennyworth in the pre-Nolan Batman flicks, assisting the Caped Crusader in his fight against crime.

The New York Taxi Commission has recently passed regulations removing the Lexus from the approved taxicab list, arguing the cars are too powerful, according to a New York Times report.

Harold Camping, who has been branded as a false Doomsday prophet after his May 21, 2011 End of the World prediction failed, is a “good neighbor,” a neighbor of the Family Radio president said.

Family Radio president Harold Camping, whose May 21, 2011 Doomsday prediction failed, has told International Business Times (IBTimes) on Sunday , May 22, 2011 that he is as shocked as anybody else that his prediction has failed and needed some time to think and recover before giving a public statement.

Harold Camping, the Oakland, California-based broadcaster who made a failed prediction about a cataclysmic May 21 Doomsday said on Sunday he would make a statement on or by Monday night in a public forum to explain himself.

False Doomsday prophet Harold Camping has told the International Business Times (IBTimes) that he would be making a public statement on or by tomorrow night in a “public forum” explaining why he had predicted May 21, 2011 as the Judgment Day and why it had failed.

Chris Horner and Levi Leipheimer uncorked champagne and celebrated on podium at the 2011 Amgen Tour of California. The celebration occured after Horner won the race after the Stage 8 finish into Thousand Oaks. RadioShack teammate Leipheimer came in second place, with a spot next to Horner on the podium.

Lord Hurd's daughter-in-law, Catherine, was discovered dead, apparently from a suicide plunge from her four-story apartment in New York City.

Nearly nine months after bookseller Barnes & Noble Inc put itself up for auction, the lengthy process may have reached a turning point as a new offer from Liberty Media Corp is under consideration. Liberty Media is looking to purchase a 70 percent stake in Barnes & Noble, which announced on Thursday that the offer is valued at $17 per share. The deal would therefore exceed $1 billion.

Donald Krim, president of Kino International and co-president of Kino Lorber Inc., died Friday in his New York home. At 65, Krim endured a yearlong battle with cancer.

Following his historic win against Jean Pascal, Bernard Hopkins compared the victory to his 2001 win over Felix Trinidad. This is in the top two moments of my career, right there alongside beating Trinidad, Hopkins said.

Harold Camping's reaction was one of bewilderment and mystification after his failed May 21 Doomsday prediction, an associate revealed in a new report.

Oscar-winning composer of You Light Up My Life Joseph Brooks blew out the candle in his life as he was found dead in his New York apartment Sunday morning. The scene suggested a suicide.

The Doomsday prediction failure by Harold Camping isn't the only one in history.

Apple Store 2.0, underwent a makeover on Sunday, May 22, 2011 with snazzy new iPad 2 replacing the paper signage next to every Apple product, three days after the 10th anniversary of the company’s retail stores.