IBT Staff Reporter

Gold found temporary respite on Wednesday after touching a near seven-month low in the previous session, as the dollar paused for breath after a blistering surge to 20-year highs.

Qantas Airways Ltd's unionised licensed aircraft engineers are voting on work stoppages of up to 12 hours and overtime bans from next month after failing to reach a pay agreement with the airline, the union's head said on Wednesday.

A wild storm system has moved away from Sydney after pounding Australia's largest city with four days of torrential rain, satellite images showed on Wednesday, although river waters stayed above danger levels, forcing more evacuations.

A wild storm system that has pounded parts of Sydney with torrential rain for four days has moved away from the city, satellite images showed on Wednesday, although rivers remained above danger levels, forcing more evacuations.

On March 24, a court in the central Chinese city of Fuyang announced that a $1.5 billion hospital built just four years earlier had filed for bankruptcy because it was unable to pay its debts.

Oil prices dropped to a 12-week low in volatile trade on Wednesday, extending Tuesday's heavy losses as growing fears of demand destruction from a global recession outweighed supply concerns.

Oil prices fell in volatile trading on Wednesday, extending Tuesday's heavy losses as growing fears of a global recession outweighed supply concerns.

Oil prices rose on Wednesday, clawing back some of Tuesday's heavy losses as supply concerns returned to the fore and outweighed lingering worries about a potential global recession.

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.

Crude oil futures rose nearly 3% on Wednesday as investors piled back in after the heavy rout in the previous session, shifting their focus again to supply concerns even as worries about a recession mounted.

Britain's Boris Johnson defied pressure from senior ministers and a mounting rebellion within his party to quit on Wednesday, vowing to stay on as prime minister and fight off any attempts to oust him.

Cabinet ministers gathered in Boris Johnson's official residence on Wednesday to tell him to quit as British leader, after he insisted he would not stand down in the face of a mounting rebellion within his party.

Britain's Boris Johnson vowed on Wednesday to fight on and not give in to a chorus of calls for him to resign, but his defiant pledge to keep going was met with derision and disregard from a mounting number of his own lawmakers.

Britain's Boris Johnson was clinging to power on Wednesday, with support seeping away from the increasingly isolated prime minister, badly wounded by the resignation of a stream of senior colleagues who said he was not fit to govern.

British Prime Minister Boris Johnson was clinging to power on Wednesday, gravely wounded by the resignation of ministers who said he was not fit to govern and with a growing number of lawmakers calling for him to go.

The U.S. Food and Drug Administration will expedite its review of Eisai Co Ltd's and Biogen Inc's experimental Alzheimer's drug lecanemab, with a decision due by Jan 6, 2023, the companies said on Tuesday.

Japan holds an upper house election on Sunday that is key to Prime Minister Fumio Kishida's attempt to gain firmer control of the ruling Liberal Democratic Party (LDP) to enable it and its Komeito junior partner to push through legislation.

Prime Minister Fumio Kishida's Liberal Democratic Party (LDP) is aiming for a convincing win in upper house of parliament elections on Sunday to enhance its ability to push through policies to tackle rising prices and bolster defence.

For months, Kazumi Sato, a nutritionist at a middle school in eastern Tokyo, has received notices about hikes in ingredient prices.

The rising cost of living is turning into a thorny political issue ahead of Japan's upper house election this weekend, as opposition parties peg blame for recent price hikes on Prime Minister Fumio Kishida's policies.

As Karen Britten relaxed and enjoyed the annual Independence Day parade in the upscale Chicago suburb where she has lived for nearly 40 years, about 10 gunshots suddenly rang out, shattering the festive atmosphere and sending a crowd of hundreds running for their very lives.

Hedge fund manager Bridgewater Associates' flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year, according to a source familiar with the matter, beating sharp market declines.

No place is safe: mass shootings in America

U.S. President Joe Biden's team is still looking at options on whether to cut tariffs on Chinese imports to ease inflation, the White House said on Tuesday as industry requests to maintain the duties mounted.

A week after 53 migrants died in a sweltering trailer in San Antonio, Texas, some of their nationalities are still unclear, highlighting the challenges that officials from at least four different countries face in identifying the victims of the deadliest U.S.

Six-time champion Novak Djokovic takes aim at an 11th Wimbledon semi-final on Tuesday as Ons Jabeur, the last top 15 women's seed standing, eyes an Arab landmark performance.

U.S. travelers braving the skies faced fewer flight delays and cancellations over the Fourth of July weekend when compared with the Memorial Day weekend in May, even as air travel approached pre-pandemic levels.

The U.S. Justice Department on Tuesday sued the state of Arizona to block a state law that requires voters to provide proof of citizenship for some federal elections.

Thousands of people held a vigil on Tuesday evening outside a shopping mall in Copenhagen where three people were shot dead two days earlier in a rare shooting incident that has rocked this normally peaceful Nordic country.