IBT Staff Reporter

Atlantis Resources Corp is to test the world's biggest tidal turbine in the rough waters off the Orkney Islands next year in preparation for Scotland's plan to use ocean energy for half a million homes by 2020.

Denmark said on Monday it was consulting governments on several proposals for a U.N. climate deal in Copenhagen and could not put forward a compromise text until next month's meeting.

U.S. stocks edged higher in choppy trade on Monday on optimism over holiday retail sales and a stronger-than-expected report on Midwest business activity.

Dubai's debt crisis could be China's opportunity to snap up gold and oil assets, a senior Chinese official said in remarks published on Monday.

Australia's key policy to fight global warming limped closer to defeat on Monday with parliament set to delay or reject the government's carbon emissions trade scheme, raising the chances of an early election.

India's Tata Group is planning to produce hybrid versions of its Nano, billed as the world's cheapest car, to join in the environment-friendly trend, its chairman said in an interview with a South Korean newspaper.

Australia's major rivers are shrinking and farms are gripped by drought as scientists warn of climate change, but that has not convinced some skeptical politicians to back carbon-trade laws.

Maxis Bhd, Malaysia's largest mobile phone service provider, said growth in voice and data subscription drove pretax profit up by 4 percent, in its first quarterly results since listing this month.

Thailand's top listed television broadcaster, BEC World, said on Monday it expected its 2009 net profit to be lower than the 2.8 billion baht ($84 million) earned in 2008 due to the weak economy.

Canadian satellite technology company Com Dev International Ltd said it expects to post lower fourth-quarter results, hurt by weakness in two of its domestic government programs.

Russia and Poland may not agree a gas contract by the end of this year, Poland's Deputy Prime Minister Waldemar Pawlak said on Monday, contradicting earlier comments by Warsaw and Kremlin officials.

Global semiconductor sales rose 5.1 percent in October sequentially, spurred by strength across all regions as electronic equipment manufacturers boost production for the holiday season, the Semiconductor Industry Association said.

The European Commission on Monday approved Swiss company Syngenta's genetically modified (GMO) maize type MIR604, a move that could enable the resumption of imports of soymeal and soybeans for animal feed.

European carbon prices could soar in the next three years, pushing up electricity prices with them, unless electricity companies have greater access to future carbon permits, EU industry body Eurelectric said on Monday.

Brazilian oil and gas company OGX Petroleo e Gas Participacoes said on Monday it had made a promising discovery of hydrocarbons in the Albiano field in the Campos basin off the coast of Rio de Janeiro.

A year ago, mobile phones worked just fine in the pomegranate orchards and vineyards along the Arghandab river on the outskirts of Afghanistan's second largest city, Kandahar.

Global semiconductor sales rose 5.1 percent in October sequentially, spurred by strength across all regions as electronic equipment manufacturers boost production for the holiday season, the Semiconductor Industry Association (SIA) said.

Sands China's weak debut in Hong Kong on Monday signals fading investor appetite for a casino company with a high valuation and an uncertain outlook, and cooling interest in what has been a red-hot sector.

Brazilian medical services company Fleury and its shareholders said on Monday they plan to raise up to 582.3 million reais ($334 million) through an initial public offering that should be concluded by mid-December.

Orthopedic device maker Stryker Corp said on Monday it would acquire Ascent Healthcare Solutions, a privately held reprocessor of medical devices, for $525 million in cash.

AtomRedMetZoloto (ARMZ), a mining unit of Russia's state-owned uranium firm Rosatom, said on Monday it would bid for Canadian miner Khan Resources Inc, which has assets in Mongolia.

U.S. stocks were little changed on Monday after the Chicago purchasing managers index, a gauge of regional business activity in the U.S. Midwest, expanded more than expected in November.

U.S. fund managers decreased their heavy exposure to stocks in November while increasing their cash allocations ahead of 2009's close and on signs that economic recovery may be slow, a Reuters poll showed on Monday.

Glitzy Dubai may face a debt crisis that has sent a shudder through global markets, but you wouldn't know it from officials or local media.

Japan's Nippon Oil Corp plans to refine 1 percent less crude oil in December than a year ago, the same rate of annual decline as in November, as it maintains a pessimistic view of demand even with winter approaching.

Like many U.S. employers, Tish and Snooky Bellomo are asking their workers to take on additional duties, rather than hiring new employees, at their New York cosmetic and hair accessory company.

Thailand's natural gas demand is expected to rise 10.6 percent in 2010 to 3.95 billion cubic feet per day due mainly to growing demand from petrochemical plants, PTT PTT.BK, the country's sole gas supplier, said on Monday. Domestic gas consumption in 2009 should grow by around 3.3 percent to 3.57 billion cubic feet per day, Permsak Shevawattananon, senior executive vice president for PTT's gas business, told reporters.

Dubai's debt woes could further unhinge an already fragile U.S. commercial real estate market, as it illustrates the importance of that tiny emirate to global investors in an increasingly interconnected world.

The Twilight Saga: New Moon rose to the top of movie box office charts for the second straight week on Sunday with a three-day haul of $42.5 million on a record-breaking holiday weekend in North America, according to studio estimates.