IBT Staff Reporter

Economy experts gathered at the opening of the World Economic Forum in Davos, Switzerland on Wednesday, describing a gloomy outlook for the global economy.

The capital city of Seoul is a good example of his success. It is a big, dynamic city, but sometimes makes tourists confused. Seoul keeps the traditions of the ancestors alive. Old temples are still well visited, and the many palaces of former rulers remind the visitor of the past. But the general impression of this city is a big, complex, busy megalopolis with heavy traffic and air polution.

Often referred to as the “Land of the Morning Calm,” Korea has a population of 48.50 million (2006) and a total land area of 99,678 ? (2006). Located at a major crossroads of Northeast Asia, it has also achieved the “Miracle of the Han River.”

Today Cambodia is symbolised by awesome Angkor Wat, the largest manmade religious structure in the world. Angkor Wat is truly one of the most amazing sights in the world, but it is only one of literally thousands of temples to explore...

Hong Kong is a vibrant & exotic locale with a rich and varied history. Although it has become synonymous with shopping & stopovers, visitors soon discover that....

Selected members of the Federal Reserve end a key two-day meeting Wednesday and will issue a policy statement this afternoon where may announce additional steps to combat the economic crisis beyond cutting already low interest rates.

The efforts of the U.S. government and the Treasury Department to avoid misuse of bailout funds amid an unprecedented financial crisis in America has led Citigroup Inc. on Tuesday to cancel its move to take possession of a new corporate jet which had planned to buy.

Prominent executives have stepped away from attendance at the World Economic Forum 2009 in Davos, Switzerland which kicks off Wednesday, citing illness, the need to deal with pressing matters, or just avoiding the spotlight under tough economic circumstances.

On Tuesday Palestinian militants detonated a bomb that killed an Israeli soldier patrolling near Gaza, to this, Israel responded with an airstrike, straining the fragile cease-fire on the eve of a visit by President Barack Obama's new Mideast envoy.

Best Buy Co. and Target Corp. said Tuesday they are cutting jobs to reduce costs as they face lower consumer spending at their stores.

Ted Johnson and Chris Nowinski's concussions caused severe brain damage.

On Tuesday, Google made an available beta of an offline capability for its Gmail platform.

Armed with the 358 page iPhone patent awarded last week, Timothy Cook who runs Apple in Jobs' absence has now threatened Palm with legal action.

More diverse than any Asian country, China’s cultural and historic treasures are balanced by her bustling modernity, stunning natural beauty and profound impact on our world today...

On Tuesday, Kansas State athletic director Bob Krause announced his resignation effective March 31.

Yahoo Inc. reported a fourth quarter net loss Tuesday but its earnings after adjustments on one time charges beat Wall Street forecasts as it launched initiatives to reduce costs. Yahoo reported a net loss of $303 million on $1.81 billion in revenue.

Spanish bank Santander said Tuesday it will repay its clients who resulted victims of Bernard Madoff's fraud, to avoid been sued and keep the reputation of the company.

John Updike, the Pulitzer Prize winning author of Rabbit is Rich and Rabbit at Rest, died on Tuesday at the age of 76 after a long fight with lung cancer.

Geri Halliwell, the British pop singer also known as Ginger Spice in the former Spice Girls girl band, is engaged to an Italian yacht tycoon, Fabrizio Politi, but no wedding date has been announced.

DeAnna Pappas promises an exciting appearance in The Bachelor episode, when she found out that Mesnick would be the next Bachelor.

New York's attorney general Andrew Cuomo on Tuesday issued a subpoena to former Merrill Lynch Chief Executive John Thain to testify on the payment of bonuses to executives worth $4 billion.

Bruce Springsteen's Super Bowl performance will offer fans a taste of what's to come in his world tour.

Colorado Rockies and Ubaldo Jimenez have agreed on a four-year deal, the Right-handed pitcher Ubaldo signed a four-year contract with club options for 2013 and 2014.

Hewlett-Packard (HP), Cisco Systems (Cisco) both giant tech companies are now on the move to compete for a data center business; a move that can steal business from each other's core markets.

On Tuesday, Western Digital announced the first 2 terabyte (TB) hard disk drive, a new addition to its Caviar Green product line.

Israeli archaeologists have discovered a 1,800-year-old figurine in a Jerusalem excavation, what they believe was a Roman boxer from the second or third century, the Israel Antiquities Authority announced today.

On Tuesday Panasonic expanded its line of Lumix compact digital cameras - with a handful of unique features in the new Lumix Digital Camera.

Millions of online job seekers in Britain have become victims of crime as many have their personal details stolen by online hackers.

The wedding rumors of Sir Paul McCartney with girlfriend Nancy Shevell has been shot down by the former Beatle singer, according to E! Online.