IBT Staff Reporter

British finance minister Alistair Darling announced plans on Wednesday to support new low carbon industries, cut gas emissions from homes and boost the embryonic electric car sector.

Shares in India's largest vehicle maker, Tata Motors Ltd, have more than quadrupled this year riding a pick-up in sales on the back of a recovering economy.

Shares in India's largest vehicle maker, Tata Motors Ltd, have more than quadrupled this year riding a pick-up in sales on the back of a recovering economy.

Green jobs in California are growing at a faster pace than jobs overall in the environmentally friendly state, but they still account for only a tiny fraction of the economy, a study said on Tuesday.

The $700 billion bailout of the U.S. financial system authorized by Congress in October of 2008 will be extended until October 2010, President Obama's top economic official wrote in a letter to the leaders of the U.S. Congress today.

China urged President Barack Obama to increase a U.S. offer to cut carbon emissions but its top climate envoy indicated willingness on Wednesday to compromise at a U.N. conference in Copenhagen.

The U.S. Treasury Department said on Wednesday it froze a $1 billion public-private investment fund set up by TCW Group Inc to buy toxic financial assets, saying the departure of star manager Jeffrey Gundlach triggered a key person event in the partnership.

A U.S. appeals court ruled on Wednesday that Bosnia's former ambassador to the United Nations cannot be extradited over allegations he misused government funds, reversing a lower court.

Private health insurance companies that offer alternative Medicare coverage funnel billions of dollars toward company profits, and to marketing and advertising rather than to patient care, U.S. Democrats charged in a report released on Wednesday

The impacts of climate change have worsened almost every year since 1980, according to a study on Wednesday inspired by the Dow Jones stock index that distils global warming into a single number.

President Barack Obama on Wednesday praised a healthcare compromise reached by Senate Democratic negotiators and said it could clear the way for passing a sweeping healthcare reform overhaul.

President Barack Obama said Wednesday he will allocate nearly $600 million from the $787 billion economic stimulus plan to help create jobs at 85 community health centers.

With the emerging Asian economies rebounding from the global economic downturn faster than the G-7 economies, the Asia-Pacific region is the leading driver of global economic recovery and higher oil demand. Although the emerging Asian economies were generally less exposed to financial risks and credit default arrangements than the U.S. and European economies, many of them have taken strong stimulus measures throughout 2009 that are expected to boost domestic demand, financial credit, and greater...

Europe's food industry is proving slow to buy palm oil certified under a new scheme as produced without destroying tropical rain forests, the head of Germany's edible oil industry association OVID said on Wednesday.

German conglomerate Siemens, the world's market leader in offshore wind turbines, is aiming to become one of the top three suppliers to the wind power market by 2012, the head of its Wind Power unit said.

Nelson Mandela received the touch of God -- Hollywood-style -- when Oscar-winning actor Morgan Freeman prepared to play him in new movie Invictus.

Former Alaska Governor and vice presidential candidate Sarah Palin called for U.S. President Barack Obama to boycott the Copenhagen global climate change conference later this month, saying it will reach politically motivated results based on agenda-driven science.

Demand for U.S. home loans rose last week to the highest level in about two months, mostly from borrowers taking advantage of low mortgage rates to refinance, the Mortgage Bankers Association said on Wednesday.

U.N. climate talks have neglected a food crisis, including measures which can both curb climate change and boost food production, the head of the U.N.'s food agency said.

German conglomerate Siemens, the world's market leader in offshore wind turbines, is aiming to become one of the top three suppliers to the wind power market by 2012, the head of its Wind Power unit said.

Environmental investment manager Impax Asset Management Group Plc is preparing to capitalize on the buzz around the Copenhagen summit to tap into new markets in the United States, the group's CEO said on Wednesday.

Splitting its clean energy project portfolio between voluntary and U.N.-backed carbon offsets has reduced South Pole Carbon Asset Management's exposure to regulatory uncertainty, the company's chief executive said.

The S&P 500 and Nasdaq fell slightly on Wednesday on concerns about foreign debt and a weak outlook in the tech sector, but positive wholesale inventory data limited losses.

Taking a page out of Apple's book, France Telecom's mobile phone unit Orange launched its own shop to sell downloadable videos, games, music and other content to its 130 million mobile phone subscribers.

Apple Inc is preparing to launch a tablet personal computer in late March or April, with manufacturer partners poised to roll out as many as 1 million units per month, according to an Oppenheimer research note.

Apple Inc is preparing to launch a tablet personal computer in late March or April, with manufacturer partners poised to roll out as many as 1 million units per month, according to an Oppenheimer research note.

The Treasury Department said on Wednesday it froze a $1 billion public-private investment fund set up by TCW Group Inc to buy toxic financial assets, saying the departure of star manager Jeffrey Gundlach triggered a key person event in the partnership.

The United Nation's climate change summit has been billed as the last hope to save the world from itself. Brought on by a rise of man-made greenhouse gases, the earth is slowly inching towards a man-induced climate disaster, urgent for coordinated action...or so the saying went.

Citigroup upgraded No. 3 U.S. mobile service Sprint Nextel Corp to a buy rating citing a possible tie-up with Deutsche Telekom AG and expectations of improvement in subscriber numbers.