IBT Staff Reporter

Islamic State claimed responsibility on Wednesday for a raid on a Nigerian prison in the capital Abuja which freed around 440 inmates, raising fears that insurgents are venturing from their enclaves in the northeast.

Around 440 inmates are on the run after a suspected raid by Islamist Boko Haram militants on a prison in Nigeria's capital Abuja on Tuesday night, an interior ministry official said.

Thousands of revellers wearing white clothes and red scarves filled the streets of Spain's Pamplona on Wednesday as the bang of a firecracker kicked off the first San Fermin bull-running festival since the COVID-19 pandemic struck.

Sanctioned Russian businessman Vladimir Potanin is likely to represent the biggest barrier to a potential $60 billion merger between Russia's largest metals producers Nornickel (GMKN.MM) and Rusal, two sources with direct knowledge of the matter said.

Russian businessman Vladimir Potanin is likely to be the biggest barrier to a potential $60 billion merger between Russia's largest metals producers Nornickel and Rusal, two sources with direct knowledge of the matter said.

Russian businessman Vladimir Potanin is likely to be the biggest barrier to a potential $60 billion merger between Russia's largest metals producers Nornickel and Rusal, two sources with direct knowledge of the matter said.

U.S. stock indexes endured topsy-turvy trading on Wednesday but were broadly flat heading into the Federal Reserve publishing the minutes from its latest meeting, as investors awaited new clues on the central bank's rate policy and inflation fight.

U.S. stock indexes slipped on Wednesday as investors awaited minutes from the Federal Reserve's meeting to gauge the health of the economy and the pace of interest rate hikes to stamp out spiking inflation.

U.S. stock indexes slipped on Wednesday as investors awaited minutes from the Federal Reserve's meeting to gauge the health of the economy and the pace of interest rate hikes to stamp out spiking inflation.

U.S. stock indexes were set for a muted open on Wednesday as investors awaited minutes from the Federal Reserve's meeting last month for clues on the health of the economy and the pace of interest rate hikes to combat spiking inflation.

Hopes that the Polish central bank's monetary policy tightening cycle may be nearing its end could be shattered by government policies aiming to support domestic demand and ease the pain of inflation in a pre-election year, economists say.

Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries, including Turkey - its first location outside Latin America, the company said Wednesday.

On July 11 last year, Cuba appeared poised for political change.

South African mourners gathered in the coastal city of East London on Wednesday to grieve the still-mysterious deaths of 21 teenagers in a poorly ventilated local tavern 10 days ago.

South African mourners gathered in the coastal city of East London on Wednesday to grieve the still-mysterious deaths of 21 teenagers in a poorly ventilated local tavern 10 days ago.

OPEC secretary general Barkindo dies unexpectedly at 63

The European Union plans to become the top investor in the world's tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy and part of EU's answer to China's Belt and Road Initiative.

Britain's financial services minister John Glen resigned on Wednesday in protest against Prime Minister Boris Johnson, just days before the government is due to unveil a draft law to "reset" a post-Brexit financial sector.

French Prime Minister Elisabeth Borne said on Wednesday her minority government wanted to reform pensions, nationalise the main utility EDF and shield citizens from raging inflation, urging the opposition to work with her to avoid policy gridlock.

French Prime Minister Elisabeth Borne said on Wednesday her minority government's top priority would be to confront a cost of living crisis, as she urged the opposition to work with her to avoid policy gridlock.

France's government and opposition must "talk to each other better" to avoid political paralysis and confront a cost of living crisis, Prime Minister Elisabeth Borne said on Wednesday, addressing the new parliament in which she lacks an overall majority.

French Prime Minister Elisabeth Borne urged the opposition to be open to building compromises as she set out her minority government's priorities on Wednesday, spelling out how she will try to navigate a new era of political uncertainty.

Britain's new finance minister, Iraqi-born Nadhim Zahawi, has inherited a cost-of-living crisis that risks pushing the UK economy into recession.

Argentina's leftist populist Vice President Cristina Fernandez de Kirchner is gaining power behind the scenes after a government shakeup, redrawing battle lines within a weakened ruling Peronist coalition ahead of elections next year.

It's not a great time to be a hummus fan.

If history is any indicator of the future, the first two weeks of July could bring relief to investors after a bruising first half of the year.

Pope Francis said he wants to give women more top-level positions in the Holy See and disclosed that for the first time he would name women to a previously all-male Vatican committee that helps him select the world's bishops.

Years-long travel bans and asset freezes against some of Egypt's most prominent activists are being used to muzzle civil society and are exacting lasting damage on the personal lives of those targeted, according to two reports by human rights groups.

Spain's labour market buoyed by key reform