IBT Staff Reporter

Microsoft Corp. said on Sunday the software maker was taking new steps to protect consumer privacy in the areas of Web search and online advertising and called on the Internet industry to support it.

Former U.S. President Bill Clinton launched a program on Sunday to make subsidized malaria drugs available in Tanzania in a test scheme that could serve as a blueprint for Africa as a whole.

As many U.S. cities and states arrest illegal immigrants in raids and toughen laws against them, a Connecticut city is offering to validate them under a controversial, first-in-the-nation ID card program.

Storms are expected to batter large swathes of China again on Monday after floods, landslides and lightning killed more than 150 people last week alone, state media said.

Seoul shares briefly hit a record on Monday but then headed lower as exporters fell after China raised interest rates and on worries that troubles in U.S. subprime mortgages would hurt the world's largest economy.

The dollar fell to another record low against the euro on Monday, hit by fresh fears of a global spill-over from the U.S. mortgage market crisis that buoyed safe-haven bonds and forced Asian stocks into a retreat.

Provincial governors of China's central bank have given it high marks for its use of various tools in the first half of the year to rein in the world's fastest-growing major economy.

Under pressure to preserve the environment while at the same time ease the poverty of his people, Ecuadorean President Rafael Correa has come up with an unusual solution.

Warner Music Group is considering making a bid approach for the music publishing arm of Britain's Chrysalis, newspapers said on Sunday.

Beijing's Silk Alley Market, famous for knock-off designer gear from North Face jackets to Louis Vuitton bags, has been raided again after state media had heralded a clean-out of fake goods.

U.S. car parts maker TRW plans hardly any job cuts should Germany's Siemens sell automotive electronics unit VDO to the U.S. company, a German weekly reported on Sunday.

Half a world away from the U.S. subprime market's woes, Australian investors are scrambling to uncover what is happening at homegrown hedge fund Basis Capital and Asia's bankers are bracing for credit markets to dry up.

The currency matching system of news and information provider Reuters Group Plc suffered a temporary outage on Monday, forcing some traders to switch to alternative venues or trade over the phone.

Apple Inc. is expected to show a 35 percent surge in quarterly profit this week, but the focus will be on just two days: the last 48 hours of June when its highly anticipated iPhone went on sale.

A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site.

Federal prosecutors have asked a judge to order former Qwest Communications International Inc. Chief Executive Joseph Nacchio, who will be sentenced this week for insider trading, to give his son's psychiatric records to the government.

The final book about boy wizard Harry Potter sold about 1.2 million copies worldwide.

They are the arteries that keep Mumbai's economy ticking, rattling six million people a day to offices, shops and factories. But arriving safe and sound for work after a trip on Mumbai's clogged railways is no mean feat.

The public editor at the New York Times on Sunday castigated the newspaper for not writing enough about its owner -- the Ochs-Sulzberger family -- and whether it will succumb to the same pressure that forced The Wall Street Journal into the grasp of Rupert Murdoch.

Britain's Barclays is in talks with the governments of China and Singapore to raise 10 billion pounds ($20.6 billion) to help fund its planned purchase of Dutch bank ABN AMRO, the BBC reported on Monday.

Driving through the Lower Rio Grande Valley in southern Texas, it is clear that whatever labor is being done on a farm -- be it driving a tractor or weeding a field -- Latinos are doing it.

Officials in a rural valley in British Columbia hope that keeping out cellphones will help attract residents and tourists who want to escape to the quiet of nature.

The seventh and final Harry Potter book flew off the shelves on Saturday as fans the world over snapped up copies to discover the fate of the boy wizard and his Hogwarts pals.

One in four Americans think China will beat the United States in the next decade as the world leader in innovation, according to a survey released on Sunday by Zogby International.

U.S.-based fund manager Harris Associates has built a $1 billion stake in troubled Swiss investment bank UBS, the Sunday Times said in an unsourced report.

British sandwich chain Pret A Manger is considering ditching flotation plans and taking advantage of interest from several competing private equity firms, the Financial Mail reported on Sunday.

David Schlesinger and Simon Webb OPEC is concerned about the potential impact of the near-record price of oil on the world's economy but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.

Castleberry's Food Co. said late on Saturday it voluntarily expanded a recall of hot dog chili sauce and canned meat products originally announced on July 18 due to a risk of botulinum toxin, a bacterium that can cause botulism.

Internet entrepreneur Brad Greenspan outlined a new proposal on Friday to keep Dow Jones & Co Inc out of Rupert Murdoch's hands, saying his plan could help boost the stock price to above $100.