IBT Staff Reporter

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Iceland nears Icesave deal with UK, Dutch: report

Iceland is within days of reaching a deal with Britain and the Netherlands on repaying the more than $5 billion paid to Landsbanki Icesave accounts holders after the bank collapsed, according to a report late on Saturday.

EPA is 40 and no less controversial

The U.S. Environmental Protection Agency is 40 years old this week. It may have been born later, or it may not have been born at all, if not for a dedicated U.S. lawmaker and a burning river.

Spain counts the costs of air controller strike

The 24-hour strike by Spanish air traffic controllers has cost the tourist and airline sectors hundreds of millions of euros and the political cost for an already unpopular government could be much higher.

Stocks may fly as fear fades

Europe's sovereign debt crisis will still hang over global markets this week, but on Wall Street, investors will not be afraid to bet on stocks.

South Africa's Mbeki to mediate over Ivory Coast poll result

A day after both candidates claimed Presidency in Ivory Coast, African Union said it would dispatch former South African premier Thabo Mbeki for mediations. Local media has reported of at least a dozen people killed in post-election violence in the former capital of Abijdan.

Brazil wanted to buy, make French Rafales: WikiLeaks

Brazil has sought to buy French Rafale jets and acquire the technology to build them at home for export to other Latin American countries by 2030, the daily Le Monde reported on Sunday, citing leaked U.S. diplomatic cables.

Europe under pressure to boost rescue fund

Euro zone governments faced pressure at the weekend to increase the size of their rescue fund for crisis-hit member states and avert a new bout of market turmoil that could threaten the stability of the currency bloc.

Ford China November auto sales shoot up 35 pct

Ford Motors on Saturday said its China auto sales in November rose 35 percent compared to the sales recorded last year, led by sales in mid-sized car segment, such as Ford Fiesta and Focus model.

China's inflation still under control: economist

China's inflation is unlikely to reach the heady levels seen in 2006-2008 because the economy is showing no signs of overheating, prominent economist Fan Gang said in comments published on Sunday.

Top Chinese officials led Google hacking: WikiLeaks

The hacking of Google Inc that led the Internet company to briefly pull out of China was orchestrated by two members of China's top ruling body, according to U.S. diplomatic cables released by WikiLeaks and cited by The New York Times on Saturday.

Gold jumps to $1,414 per oz on doubts on U.S. economy

Gold rose almost 2 percent on Friday, ending the week on $1,414 an ounce just a few dollars below the all-time record, as the dollar tumbled after disappointing jobs data cast doubt on the strength of the U.S. economic recovery.

Limewire music-sharing service to close December 31

LimeWire -- one of the world's biggest outlets for people to share music, movies and TV shows free of charge over the Internet -- said it would be shutting down by the end of the year and closing its sole office in New York.

U.S. military chiefs split on lifting gay ban

Top leaders of the U.S. armed forces agreed on Friday that if ordered to, they could implement a repeal of the Don't Ask, Don't Tell policy banning openly gay service members, although some recommended it not take place at this time.

Digg follows Facebook

After Facebook now social news site Digg has added a new notifications feature to its service, according to Digg’s blog.

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