International Business Times

Top Story

European airlines forced to avoid Russian airspace

Russia Fly-around A Source Of Tension For Airline Industry

With travel between Asia and Europe booming the closure of Russian airspace is hobbling Western airlines while proving a boon for those from non-aligned nations not subject to Moscow's wrath.

CNN Viewer Trust Eroded By COVID Coverage, Chris Cuomo: Internal Survey
CNN, after winning multiple awards for its coverage of the pandemic, is in hot water after its CEO, Chris Licht, appeared to criticize the network for its pandemic reporting. It seems Licht's criticism came from an internal survey that revealed viewer trust eroded due to CNN's pandemic coverage and the allegations against its ex-host, Chris Cuomo.
Musk Says China Detailed Plans To Regulate AI
Top Chinese officials told Elon Musk about plans to launch new regulations on artificial intelligence on his recent trip to the Asian giant, the tech billionaire said Monday, in his first comments on the two-day visit.
After Dangerous Encounters, US Accuses China Of Military 'Aggressiveness'
The White House said on Monday recent dangerous encounters between U.S. and China were the result of "aggressiveness" on the part of Beijing. The two superpowers have had several recent close encounters while the U.S. conducts militarys exercises in the region.
Spotify To Cut 200 Staff Working With Podcasts
Swedish music streaming giant Spotify said Monday it will cut some 200 positions, equalling two percent of its workforce, as it slims down its internal podcast operations.
France Announces Massive State Aid To Chips Factory
France is ploughing 2.9 billion euros ($3.1 billion) of public money into a factory to make microchips, officials said on Monday, heating up a global race for the lucrative market.

Air Travel Industry Anticipates Near-Record Soar In 2023, Says Industry Group

Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.

Economy in Focus

Exclusive-EU Commission Says Mercosur Trade Deal A Priority As It Seeks New Allies
The European Commission has said it is a priority to conclude a long-delayed trade deal with South America's Mercosur bloc, as the EU seeks new allies to reduce its dependence on China and the United States, according to a document seen by Reuters.
Markets Extend Global Rally After 'Goldilocks' US Jobs Data
US Hiring Heats Up Unexpectedly In May But Wage Gains Ease

War in Ukraine

Ukraine Counteroffensive Has Likely Started; Has 'Enough Weapons' To Fight
The U.S. and Russia believe Ukraine has likely begun its long-awaited counteroffensive after observing a surge in fighting on the frontlines.
Russia, Ukraine Face Off At World Court Over MH17 Airliner Downing
Ukraine and Russia face off at the top United Nations court on Tuesday over Moscow's alleged backing of pro-Russian separatists blamed for the shooting down of Malaysian Airlines Flight MH17 in 2014.
Ukraine Has Enough Weapons To Begin Counter-offensive, Says Foreign Minister
Ukraine has enough weapons to begin its counter-offensive against Russia, and the operation will give the country the victory it needs to join NATO, Foreign Minister Dmytro Kuleba told Reuters on Monday.
Zelensky: 'Large Number' Of Soldiers 'Will Die' Without US Patriot System
Ukrainian President Volodymyr Zelensky said the country needs at least 50 Patriot missile systems to 'prevent people from dying.'

SEC Files 13 Charges Against Binance, CEO Zhao

Binance allegedly established Binance.US as a protective shield for Zhao and the main company.

Best Data Visualization Software 2023

Choosing the best data visualization software is important. Data visualization is a key element in any data-driven business decision.

Sponsored
Best Course Authoring Software 2023
2023 stands out as an incredibly fast-paced digital era, driven by the constant progress and technological breakthroughs that have become an integral part of our everyday existence.
Sponsored
Best Graphic Design Software 2023
Graphic design today is the perfect blend of art and technology. Enter graphic design software to help make the design process easier for both beginners to professional graphic designers.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Get Listed

IBT VIDEO

01:51

Apple introduces Vision Pro AR headset

Apple barged into Meta’s virtual reality party on Monday (June 5), unveiling an augmented-reality headset called the Vision Pro, its riskiest and biggest bet since the introduction of the iPhone.