BUSINESS

Newmont Corp on Monday raised its annual cost forecast and warned that inflationary pressures would persist into 2023 after its second-quarter profit missed Street estimates, sending the world's biggest gold miner's shares down 12%.

Singapore asked to indict Sri Lanka's exiled leader

European satellite firms eye tie-up to create 'global champion'

Wheat prices rose sharply on Monday as a missile strike on the Ukrainian port of Odesa over the weekend raised doubts about whether it will be possible to implement last week's agreement to open a corridor for grain exports from the war-torn country.

The makers of everyday staples such as Colgate toothpaste and Charmin toilet paper are readying new strategies to keep cash-strapped consumers buying pricier products as the threat of recession looms, executives have told investors.

Federal Reserve officials are likely to hit a key milestone this week with an interest rate hike that effectively ends pandemic-era support for the U.S.

Harley Davidson Inc's two-week production shutdown beginning May 19 that expanded the motorcycle maker's order backlog has increased the likelihood of the manufacturer revising its full-year outlook, analysts said.

U.S. chipmaker Intel Corp said on Monday it will produce chips for Taiwan's MediaTek Inc, one of the world's largest chip design firms.

European Union countries are seeking to soften the bloc's plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas supplier Russia.

A sudden crash in global gasoline prices in the past two weeks has dented refiners' profits, pushing up inventories in key trading hubs around the world while looming exports from China and India also add to pressure on growing stockpiles.

Ground staff at Deutsche Lufthansa will stage a one-day strike on Wednesday in pursuit of a 9.5% pay claim, adding to travel disruption during the busy summer travel season.

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.