IBT Staff Reporter

Egyptian President Hosni Mubarak may have fled to his home in Sharm el-Sheikh on Saturday as flames and riots engulfed the capital city of Cairo, according to various world media reports.

Diesel-engine vehicles are a better value compared to vehicles with gasoline engines because of their lower operating costs and higher resale value over time, according to a new study released by Carnegie Mellon University.

Figures show how deep the malaise is.

Soaring inflation and rate rises are starting to hit corporate margins in India, tempting more foreign fund managers to slash holdings in favour of markets that can better capitalise on the global economic recovery.

Apple Inc's popular iPad tablets finally hit Indian stores on Friday, nearly 10 months after its U.S. sales began, giving more options to customers in the world's fastest-growing mobile market that is also seeing a surge in sales of smartphones and other high-end devices.

The government will delink 2G spectrum that now comes free with telecom licences and make radio airwaves pricing market-driven, the telecoms minister said on Saturday.

Gold futures are likely to recover from their 13-week low this quarter and extend their rise further to breach 21,000 rupees by the end of the third quarter, analysts and importers said.

Veteran rocker Ozzy Osbourne and teen sensation Justin Bieber come together for Best Buy ad

Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year.

The death toll in Egypt rose by as much as over 100 by Saturday, as anti-government protests extended for the fifth day in an attempt to pressure President Hosni Mubarak to step down.

President Barack Obama and an 11-person team met in the White House on Saturday to discuss the situation in Egypt as he called again for non-violence, restraint, support for rights and political reform in the country.

The following is a brief summary of facts about Egypt and its President, Geography, Politics, Religion, and recent history.

The nation's largest cable TV company, Comcast Corp, has finalized itsacquisition of NBCUniversal this week, obtaining a 51 percent stake at a cost of $13.45 billion.

Haiti's electoral authorities will release results next week from the country's disputed presidential election and set a date for a runoff vote in signs a protracted electoral impasse may be easing.

A motorcycle suicide bomber killed the deputy governor of Afghanistan's Kandahar province on Saturday, a blow to U.S.-led forces trying to bolster governance and fight a robust insurgency in the Taliban's heartland.

Jordanian activists rallied outside government offices Saturday as they tried to step up their campaign to force Prime Minister Samir Rifai to step down.

Desperate to return to work after weeks of protests brought Tunis to a standstill, shopkeepers armed with sticks and knives guarded the entrance to the covered market on Saturday and pushed back a small gang of protesters.

Air Mauritius said on Friday it will increase seat capacity by 6.3 percent, in line with a government goal to attract more tourists from emerging economies.

Morocco will stage the 2015 African Nations Cup and the 2017 edition will be hosted by South Africa, the Confederation of African Football said on Saturday.

A grenade attack killed two people and wounded at least 28 in Rwanda's capital Kigali during the Friday evening rush hour, the police said on Saturday.

Rivals to Central African Republic leader Francois Bozize pulled their representatives off the election body on Saturday, alleging fraud after early partial results from last weekend's poll put Bozize in the lead.

Kenyan Prime Minister Raila Odinga on Saturday declared the appointment of top judicial figures by the country's president null and void because he had not been consulted.

The African Union said on Friday it would form a panel of heads of state to solve the leadership crisis in Ivory Coast which would come up with a legally binding settlement within one month.

Tanzania's top-grade coffee fetched an all-time high at this week's auction as the harvest of high-quality supply dwindled, traders said on Friday.

Burundi's annual inflation rate dropped to 6.5 percent last year from 10.5 percent 2009 thanks to lower food costs, but prices will likely rise again in 2011, the country's statistics board said on Friday.

Algerian food processor Cevital expects to increase raw sugar imports this year to 1.6 million tonnes to allow it to double exports of white sugar from its refinery, Cevital's chief executive said.

Egypt's banks will be shut on Sunday, the first day of the business week, the deputy central bank governor said, a move analysts said could spook investors looking to trade after unprecedented countrywide protests.

Thousands of angry Egyptians defied a curfew on Saturday for the second day in a row and stayed on the streets to push their demand that President Hosni Mubarak resign.

A new edition of the wildly popular game Angry Birds is coming out in March 2011. Its name will be Angry Birds Rio.