IBT Staff Reporter

In a major technological breakthrough, a team of scientists led by the University of Glasgow has unveiled an ultra-fast chip which they claim could make desktop computers 20 times faster than the current ones.

The US Congress has banned ''silent'' vehicles to improve safety for pedestrians, cyclists and other road users.

Warning seems redundant when the 3DS is supposed to broaden the gaming market and is positioned at 7 to 77-years old.

Rupert Everett rues that people become stars because of the business than for good work or acting talent

After an outage that stranded multiple users last week, Skype pulls an ace from its sleeve to woo its disgruntled customers, launching an iPhone app with video chat capabilities.

U.S. stocks were poised for a flat open on Thursday after data on the labor market was better-than-expected but showed the overall employment picture remained soft.

New claims for unemployment benefits dropped more than expected last week to their lowest level in more than two years, suggesting the labor market recovery was gaining strength.

Sony Corp has filed a patent infringement complaint seeking to block LG Electronics Inc from shipping smartphones such as its Rumor 2 model to the United States.

Salaries and bonus amounts earned by EMBA grads in 2010 rose by 11.4 percent, according to a survey by the EMBA Council

The stars of motoring show 'Top Gear', one of the BBC's biggest selling programme brands around the world, have landed in a religious row for dressing up in burkas on the Boxing Day special.

U.S. stock index futures were little changed on Thursday as investors awaited economic data for insight on the strength of the economic recovery heading into 2011.

Carlyle Group has sold a 2.5 percent stake worth around $860 million in China Pacific Insurance Co Ltd <2601.HK>, sources said, helping the buyout fund recoup its investment in what could be one of its best Asian deals to date.

World stocks approached their highest level since September 2008 on Thursday on optimism about global growth next year, while the dollar fell on expectations of further money printing in 2011 by the U.S. Federal Reserve.

In a 'reciprocal' act to Hugo Chavez's rejection of President Barack Obama's choice of ambassador to Caracas, US revoked the visa for Venezuela's ambassador in Washington.

German luxury carmaker BMW day said it would create 1,200 jobs in the dealer and service network by 2011 in India.

World stocks approached their highest level since September 2008 on Thursday on optimism about global growth next year, while the dollar fell on expectations of further money printing in 2011 by the U.S. Federal Reserve.

BlackBerry-maker Research In Motion said on Thursday the network data analysis system was a tool to gain lawful access only to its consumer services including BlackBerry Messenger, and does not enable access to highly secure corporate emails on its devices.

China's Ministry of Finance said Tuesday the country's purchase tax for passenger cars with engines of 1.6 liters or less will be set at 10 percent from Jan. 1, ending an incentive policy under which the level was 7.5%.

China will actively promote auto imports over the next five years to help the country restructure and upgrade its auto industry, the Ministry of Commerce (MoC) said.

German luxury car maker Audi is investing €11.6 billion ($15.3 billion U.S. at the current exchange rate) between 2011 and 2015 to focus on future technologies.

With as many as 2.85 billion journeys expected in 40 days, China is gearing up to tackle the travel needs of the soon approaching Lunar New Year, a acid test to the country's transportation system.

U.S. private equity fund Carlyle Group has sold about $860 million worth of shares in China Pacific Insurance Co Ltd <2601.HK>, a source with direct with knowledge of the matter told Reuters on Thursday.

(Corrects paragraph 3 to show the 57 percent stake is for Hong Kong traded H-shares and does not take into account outstanding Shanghai shares <601601.SS>)

Stocks were set to open slightly higher on Thursday, adding to gains from the previous session, with futures for the Dow Jones, the S&P 500 and the Nasdaq all up by around 0.1 percent by 0900 GMT (4 a.m. ET).

Chinese inflation showed signs of cresting in a manufacturing survey on Thursday, an early indication that the government will be able to stick to its course of gradual rather than aggressive monetary tightening.

China will continue to export rare earth minerals and said its export controls were for environmental protection reasons, the Chinese Foreign Ministry said on Thursday, after a government move to cut rare earth export quotas raised fresh international trade concerns.

China shut down more than 60,000 pornographic websites this year, netting almost 5,000 suspects in the process, a government spokesman said on Thursday, vowing no let-up in its campaign against material deemed obscene.

Japanese stocks ended the year with a whimper on Thursday as a stronger yen knocked shares of major exporters lower, but markets elsewhere in Asia rose, cementing solid gains for 2010 led by a near 50 percent rally for Indonesia.

BlackBerry-maker Research In Motion has offered to install a network data analysis system at its premises in India that would help tap data, the Economic Times reported on Thursday, citing an internal note from India's interior ministry.