IBT Staff Reporter

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Apple iTunes may hit more markets with French move

Apple's iTunes online music store may reach more customers throughout Europe after the body tasked with collecting artist royalties in France agreed to allow counterparts elsewhere to license its catalog.

Irish order to review abuse victim compensation

Ireland's Catholic order of Christian Brothers, reeling from a report cataloguing decades of rapes and beatings of children by priests, bowed to pressure on Tuesday and said it would review compensation to victims.

Russia breaks wall into U.S. nuclear market

Russia signed a landmark deal to supply nuclear fuel directly to U.S. companies on Tuesday, setting itself up to control 20 percent of the U.S. uranium market and extending its global reach in the nuclear sector.

Consumer confidence data boosts Wall Street

Stocks climbed on Tuesday after data showing a sharp rise in consumer confidence suggested the economic downturn was easing and a brokerage upgrade of Apple Inc lifted technology stocks

HK releases additional $2.2B stimulus plan

Hong Kong government released an additional HK$16.8 billion ($2.2 billion) stimulus plan on Tuesday in order to boost the local economy and counter the impact of the global financial downturn.

U.S. court to hear Merck appeal on Vioxx investor suit

The U.S. Supreme Court said on Tuesday that it would hear an appeal by Merck & Co Inc of a ruling that reinstated a securities fraud lawsuit involving the company's disclosures to investors about its withdrawn Vioxx pain drug.

Wall Street rises on consumer confidence reading

U.S. stocks rose on Tuesday after data from an industry group showed that consumer confidence rose in May, boosting optimism that the recession may be abating, and a broker upgrade of Apple Inc lifted technology stocks.

Pakistanis trapped in Swat face catastrophe: group

Hundreds of thousands of Pakistanis trapped by an offensive against the Taliban in Swat face catastrophe and authorities should lift a curfew to enable them to get out and for help to get in, a rights group said.

China says being demonized over fake drugs

A senior Chinese health official complained on Tuesday that his country was being unfairly demonized as a center of fake drug production and defended the government's regulatory steps as sufficiently strong.

U.S. home prices fall 18.7 percent on year in March

Prices of U.S. homes in March fell a sharp 18.7 percent from a year earlier, though some relief appeared to be in sight as, for the second month, prices did not slide at a record rate as they had been doing since late 2007.

North Korea says may stay out of nuclear curbs deal

North Korea, irked by South Korean and Japanese criticism of its nuclear test, said on Tuesday it may not support moves to curb production of nuclear bomb-making material, jeopardizing the start of global talks on the issue.

Myanmar's Suu Kyi testifies at trial

Myanmar opposition leader Aung San Suu Kyi testified at her prison trial on Tuesday as the nation's military regime tried again to justify a case that has enraged the West and annoyed its neighbors.

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