IBT Staff Reporter

Nokia, the world's largest phone maker by volume, is aiming to produce a phone running new partner Microsoft's operating system by the end of the year, its chief executive told Reuters.

Speculation is that Apple is due to launch a smaller and cheaper version of its iPhone to sit alongside the current and upcoming breed of iPhones.

Tottenham Hotspur will face AC Milan for the first leg of the UEFA Champions League Last-16 round tie on Tuesday.

Talks are on for her appearance in the movie.

Chinese inflation hit a lower-than-forecast 4.9 percent in January, but price pressures excluding food were their strongest in at least a decade and will force the central bank to keep tightening monetary policy.

The euro zone economy ended last year with stable growth, failing to meet expectations for an acceleration as expansion in the three largest nations fell short of forecasts and Greece and Portugal contracted.

They are busy tweeting their displeasure.

Inflation in Britain rose to double the Bank of England's target in January, increasing pressure on the central bank to raise interest rates despite a fragile economic recovery.

Nokia, the world's largest phone maker by volume, is aiming to produce a phone running new partner Microsoft's operating system by the end of the year, its chief executive told Reuters.

The euro zone economy grew at the same quarterly rate in the fourth quarter as in the third, data showed on Tuesday, defying expectations of an acceleration.

Two cops involved in the fatal shooting of a Pace University football player, Danroy (D.J.) Henry Jr. have been exonerated by a grand jury who found no reasonable cause to vote an indictment in the case.

An American woman in her 60s made history after she gave birth to her daughter's baby. Kristine Casey, 61, acted as a surrogate mother for her 35-year old daughter Sara Connell, who had been trying for years to conceive.

Deutsche Boerse and NYSE Euronext are expected to announce a deal to create the world's largest exchange operator on Tuesday, setting aside political issues that threaten its completion.

An analyst from iSuppli said a cheaper iPhone wouldn't exactly mean smaller margins for Apple.

Frenzy among aspirants hoping to make it to the payroll of Southwest Airlines led to the jamming and eventual crash of the carrier's server, preventing many from submitting their applications.

British bank Barclays will review its portfolio and cut costs to boost profitability as it grapples with tougher regulations which it said will lower its returns.

Kolkata and Mumbai grounds have been given the final clearance to stage Cricket World Cup matches after concerns about their readiness, the head of the governing body told Reuters on Monday.

Columbia Pictures, the film studio arm of Sony Corp, says The Amazing Spider-Man will be the title of the next Spider-Man film, hitting theatres on July 3, 2012.

The low-end model, called OneBreath, was designed by a team of researchers led by Matthew Callaghan, MD, at Stanford Biodesign and aims to bridge, in part at least, the overriding global shortage of these critical medical devices, especially in developing countries.

An influential Pakistani Islamist party accused the United States on Tuesday of riding roughshod in the case of a U.S. consular employee held over the killing of two Pakistanis and said it would hold protests if he is freed.

State Bank of India, the country's largest lender, is expected to launch the first tranche of its 100 billion rupees ($2.2 billion) retail bond issue on Monday, according to a term sheet obtained by Reuters and a source with direct knowledge of the matter.

India, struggling to balance between cutting its costly fuel subsidies and curbing inflation, may tweak fuel taxes in the Feb. 28 budget to cushion the blow of rising global crude prices on state-run oil retailers.

India gold traded flat on Tuesday afternoon as support from firm overseas leads was offset by a strong rupee, though buying remained weak as traders awaited an at least a 1 percent fall in prices, dealers said.

Tata Motors Ltd said on Tuesday its global vehicle sales rose 16 percent in January to 98,998 units.

The Bank of Japan raised its assessment of the economy on Tuesday to say it is gradually emerging from a slowdown, further signaling that no imminent monetary easing is on the horizon.

GetJar, the largest independent mobile software store, said on Tuesday it had raised $25 million from Tiger Global Management and Accel Partners to fund its wider push into Android software distribution.

Germany's federal cabinet will decide on Wednesday who will succeed Axel Weber as Bundesbank president, German newspaper Bild reported on Tuesday, citing unspecified sources.

Deutsche Boerse and NYSE Euronext are expected to announce a deal to create the world's largest exchange operator later on Tuesday, but set aside thorny political issues that pose a challenge to its successful completion.

Chinese inflation data helped ease investor concerns on Tuesday that the world's No 2 economy will have to tighten monetary policy more aggressively, but other data releases kept markets in a tight range.