IBT Staff Reporter

Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession.

Brent crude futures extended declines for a third session on Thursday, slipping under $100 a barrel, as fears of a potential global recession spurred concerns about oil demand.

The Japanese yen will likely remain weaker than the key psychological level of 130 per dollar over the next six months as a gap between Japanese and U.S.

Heavy rain that pummelled Sydney over the last five days eased on Thursday as flood-weary residents looked to return to homes to take stock of the damage, some for the third time this year.

England got their quest for Euro 2022 glory off to a winning start as Beth Mead's goal earned a 1-0 victory over Austria in front of a record crowd of 69,000 at Old Trafford.

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools.

Samsung Electronics Co Ltd turned in its best April-June profit since 2018 with an 11% year-on-year rise, as lingering demand for its memory chips from server customers offset lower sales to inflation-hit smartphone makers.

Japan will vote in upper house elections on Sunday that have implications for Prime Minister Fumio Kishida's grip on the ruling Liberal Democratic Party (LDP) and his ability to push through legislation.

A strong showing by Japan's ruling party in upper house elections on Sunday would give Prime Minister Fumio Kishida a firmer grip on the factious party and allow him to emerge from the shadow of a powerful predecessor and define his premiership.

A trial of 59 people, including former Atlantia CEO Giovanni Castellucci, over the deadly collapse of a motorway bridge in Genoa opened on Thursday in front of relatives of the victims in the Italian port city.

A trial of 59 people, including former Atlantia CEO Giovanni Castellucci, over the deadly collapse of a motorway bridge in Genoa opens on Thursday in front of relatives of the victims in the Italian port city.

Police in Richmond, Virginia said on Wednesday they thwarted a planned Fourth of July mass shooting in the state capital, after receiving a tip that possibly prevented an attack like the one that left seven dead at a parade outside Chicago.

An Argentine judge sentenced 19 former military officers to prison on Wednesday for crimes against humanity committed during the country's brutal military dictatorship in the 1970s and 1980s, including for kidnappings of auto plant workers.

Air Canada said on Wednesday it will not allow animals in the baggage hold until Sept.

Air Canada said on Wednesday it will not allow animals in the baggage hold until Sept.

In eastern Ukraine, frontline cobbler fixes soldier boots for free

The IMF's managing director, Kristalina Georgieva, said on Wednesday she discussed the implementation of a $44 billion International Monetary Fund program with Argentina's new economy chief, Silvina Batakis.

Argentina's new economy chief, Silvina Batakis, told IMF officials that she supports the objectives of a $44 billion International Monetary Fund program and will work constructively with the global lender, IMF Managing Director Kristalina Georgieva said on Wednesday.

The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had "darkened significantly" since April and she could not rule out a possible global recession next year given the elevated risks.

US central bankers last month flagged the concern that sky-high inflation could become a permanent fixture, and stressed their readiness to continue raising interest rates to tamp down price pressures, according to the minutes of the latest policy meeting released Wednesday.

U.S.-based money transfer firm Western Union Co, announced an agreement Wednesday with South American e-commerce giant MercadoLibre to send digital remittances to Mexico, which have become a lifeline for the weakened local economy.

Spain eyes vibrant summer after 'dazzling' visitor surge

Electoral campaigns to approve or reject Chile's proposed new constitution officially began on Wednesday and high-profile political and public figures have started picking sides at a time when public support is faltering.

Rising interest rates and high oil prices are a positive for business even while inflation is taking a toll on African countries, the chief executive of pan-African lender Ecobank said in an interview on Wednesday.

Netflix Inc said on Wednesday it is developing a spin-off of science fiction series "Stranger Things" as the streaming service works to build its biggest English-language hit into a broad entertainment franchise.

The United States on Wednesday imposed sanctions on a network of Chinese, Emirati and other companies that it accused of helping to deliver and sell Iranian petroleum and petrochemical products to East Asia, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.

The United States on Wednesday imposed sanctions on a network of Hong Kong, Emirati and other companies that it accused of helping to deliver and sell Iranian petroleum and petrochemical products to East Asia, applying pressure on Tehran as Washington seeks to revive the 2015 Iran nuclear deal.

As Boris Johnson's tenure as British Prime Minister hangs by a thread, Ukrainians are hoping the man who some have affectionately taken to calling "Borys Johnsoniuk" can cling on.

The U.S. government wants to simplify the student loan forgiveness process for defrauded students and make it easier for public servants to get the debt forgiveness, the Education Department said on Wednesday.