IBT Staff Reporter

The massive U.S. budget deficit is the gravest threat facing the economy, topping high unemployment and the risk of inflation or deflation, according to a survey of forecasters released on Monday.

Finance Minister Pranab Mukherjee on Monday presented to parliament India's federal budget for the coming financial year beginning in April.

The value of China's exports of rare earth ore, metals and compounds in January jumped nearly fivefold, or 376 per cent, from a year earlier to $148.3 million.

German carmaker BMW aims to produce around 30,000 units of its electric i3 model annually, reported Automotive News.

Google is currently busy fixing a Gmail bug that has hit more than 100,000 users by erasing email, chat, contacts and personal details.

Asian shares rose on Monday as financial shares clawed back some of last week's losses and higher oil prices buoyed energy stocks, but gains were capped by fears of further outflows from emerging equities to developed markets.

Asian shares on Monday slipped back toward a three-month low hit last week, with emerging Asian equities seen likely to keep lagging developed markets as investors fret about risks from inflation.

Brent crude rose more than $2 a barrel to a high of $114.50 on Monday as concern persisted about security of supply from the Middle East and North Africa even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya.

Brent crude rose more than $2 a barrel on Monday as concern persisted about security of supply from the Middle East and North Africa even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya.

Japanese factory output rose in January for a third straight month and manufacturers expect further gains in coming months, a sign that the economy is on track for a moderate export-driven recovery.

In a mashup of 12th-century weaponry and 21st-century technology, employees of an area Google Data Center triggered a 6-foot wooden siege weapon this weekend with an Android cell phone, a computer the size of a credit card and a Blue Tooth receiver.

Daily-deals website Groupon goes live in China on Monday, bringing its popular brand of Internet retail to the world's most populous nation.

London crude prices extended gains by more than $1 to near $114 a barrel in electronic trade on Monday, as worries over the worsening situation in Libya fed spreading unrest in the Middle East and stoked fears of a disruption of oil flows in the region.

Daily-deals website Groupon goes live in China on Monday, bringing its popular brand of Internet retail to the world's most populous nation.

The loss against Birmingham City in the Carling Cup final will be the biggest test of the young Arsenal side's mental strength.

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Motorola Mobility sued TiVo Inc for infringing its patents for digital video recorders .

The Federal Reserve and European Central Bank may go their separate ways if Middle East unrest provokes a sustained, inflationary oil price spike.

Warren Buffett is going long on America, and investors are likely to take note when markets open on Monday.

On Wall Street they wonder: Was that it? Is the pullback over?

According to a report in the News of the World, Chelsea left-back Ashley Cole shot a work experience boy at the club with an air rifle while larking around with it.

Fighting inflation is a priority for China and the government must ward off threats to social stability stemming from rapid price increases and pressure to raise the value of the yuan, Premier Wen Jiabao said on Sunday.

Civilian accounts of the ground reality in Libya and Egypt are set be immortalized through two crowd-sourced documentaries: 'One Day On Earth' and '#18DaysInEgypt.'

Fighting inflation is a priority for the government in China where rapid price rises and pressure to sharply raise the value of the yuan are a threat to social stability, Premier Wen Jiabao said on Sunday.

Rapid price rises in China have affected social stability, Chinese Premier Wen Jiabao said on Sunday, telling citizens that taming inflation is a government priority that he is sure can be met.

Rapid price rises in China have affected social stability, Chinese Premier Wen Jiabao said on Sunday, adding that controlling inflation is a top government priority.

Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.

World number three Novak Djokovic crushed top-seed Roger Federer in straight sets to secure the Dubai Championships title on Saturday.

On Wall Street they wonder: Was that it? Is the pullback over?