BUSINESS

Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world's largest tech companies.

China Evergrande Group, the world's most indebted developer, is expected to announce this week a debt restructuring plan that will not only determine its future but also indicate how Beijing plans to overcome a deepening property sector crisis.

Chinese astronauts set up new lab on space station

French satellite company Eutelsat said it was in talks over a possible all-share merger with British rival OneWeb, which could help both companies challenge the likes of Elon Musk-owned SpaceX's Starlink and Amazon.com's Project Kuiper.

Record-breaking Duplantis soars at Eugene worlds

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.

Vodafone reported a drop in service revenue in its largest market Germany in the first quarter, reflecting broadband and TV losses after a new law ended automatic renewals and a new IT system underperformed.

Vodafone is making progress towards resolving issues in its biggest market Germany after suffering a drop in service revenue there, its chief executive said on Monday.

The Indian rupee rose to its highest in more than a week on Monday afternoon tracking broad losses in the dollar, while bond yields edged down, mirroring the move in their U.S.

Russia's Gazprom is set to cut supplies further through its single biggest gas link to Germany, crushing hopes a deal over grain supplies would lessen the economic impact of the Ukraine war.

Dutch medical equipment maker Philips posted a bigger-than-expected drop in second-quarter core earnings on Monday, saying supply shortages and lockdowns in China had dented sales.

Ryanair expects to return to pre-COVID profit levels this year or next but the recovery remains fragile and could still be knocked off course by oil prices, geopolitics or an Omicron wave, Chief Executive Michael O'Leary said on Monday.

The centuries-old mines stirring Japan-South Korea tensions

Musk's friendship with Sergey Brin soured after Tesla boss's affair with Nicole Shanahan, the Wall Street Journal reported.

Pope on 'penitential' visit to Canada Indigenous school survivors

From war to peace: Vietnam's rubber sandals march on

Stock markets drift lower as traders prepare for big week

Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors' risk appetite.

Nasdaq closed lower on Monday after a choppy session for U.S.

U.S. equities were choppy on Monday with Nasdaq in decline ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike later this week.

Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the U.S., the world's biggest oil user, may limit fuel demand growth.

Oil prices were relatively steady on Monday as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand.

The dollar weakened against a basket of major currencies on Monday, as investors weighed the implications of a rate hike by the U.S.

A union representing nearly 2,500 employees at three Boeing Co defense locations in the St. Louis area said on Sunday the workers rejected the company's defense contract offer and will strike at the locations starting Aug. 1.

Early in the week, traders and investors were pleasantly surprised by an earnings report from Netflix that beat analyst estimates.

Fueled by extreme heat and tinder dry forests and underbrush, a wildfire just west of Yosemite National Park spread overnight, quickly turning into one of the largest fires of the year and forcing thousands of residents to be evacuated from their homes, fire officials said.

Over 1,000 migrants arrive in Italy amid election campaign

Evacuations after volcano erupts in southern Japan

Agriculture must be given incentives to mitigate climate change by encouraging practices and technologies that capture carbon in plants and soils.