IBT Staff Reporter

Ireland's reliance on just 10 multinational firms to pay over half of the country's soaring corporate tax receipts represents an "incredible level of vulnerability" for the economy, the finance ministry's chief economist warned on Monday.

In the east of Ukraine, 'the best thing is to leave'

Though Russia can claim a prize with its capture of Ukraine's eastern Luhansk region, it is far from Moscow's ambitious early war aims and does not deal Kyiv a decisive military blow.

Ecuadorian Health Minister Ximena Garzon resigned on Monday from the government of President Guillermo Lasso, following earlier news that Economy Minister Simon Cueva would also leave the administration.

Ecuador's Finance Minister Simon Cueva will exit the Andean country's government amid a cabinet reshuffle following more than two-weeks of protests, the Secretary of Public Administration, Ivan Correa said on Monday.

The Ohio city of Akron declared a state of emergency on Monday, setting a curfew and canceling Independence Day fireworks, after protests over the police killing of an unarmed Black man turned unruly on Sunday night.

The Ohio city of Akron declared a state of emergency on Monday, setting a curfew and canceling Independence Day fireworks, after protests over the police killing of an unarmed Black man turned unruly on Sunday night.

The Norwegian government on Tuesday intervened to end a strike in the petroleum sector that had cut oil and gas output, a union leader and the labour ministry said, ending a stalemate that could have worsened Europe's energy supply crunch.

Norway's labour minister summoned oil and gas industry executives and a striking labour union to a meeting on Tuesday in a sign that the government could intervene to stop the conflict which has cut the country's petroleum output.

Norwegian offshore oil and gas workers went on strike over pay on Tuesday, the first day of planned industrial action that could cut the country's gas exports by almost 60% and exacerbate supply shortages linked to the Ukraine war.

Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters.

Norwegian offshore workers will likely go on strike on Tuesday in a stoppage that will cut oil and gas output as the negotiating parties have not made progress, the union and the lobby representing oil companies said on Monday.

A gunman perched on a rooftop opened fire on families waving flags and children riding bikes at a Fourth of July parade on Monday, killing six and wounding more than 36 in the Chicago suburb of Highland Park.

Police announced they had captured a suspect in a shooting on Monday that killed six people and wounded more than 36 when a man with a high-powered rifle opened fire from a rooftop at a Fourth of July parade in the Chicago suburb of Highland Park.

Six people were killed and at least two dozen wounded when a man with a high-powered rifle opened fire from a rooftop at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, turning a civic display of patriotism into a scene of panicked mayhem.

Police identified the gunman who killed six people and wounded several others at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, turning a civic display of patriotism into a scene of panicked mayhem.

Six people were killed and at least two dozen injured when a man with a high-powered rifle opened fire from a rooftop at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, turning a civic display of patriotism into a scene of panicked mayhem.

Six people were killed and at least two dozen injured when a man with a high-powered rifle opened fire from a rooftop at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, turning a civic display of patriotism into a scene of panicked mayhem.

Six people were killed and about two dozen were injured in a shooting at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, officials said, as panicked spectators fled the scene.

Five people were killed and several more were injured in a shooting at a Fourth of July parade in the wealthy Chicago suburb of Highland Park on Monday, officials said, as panicked spectators fled the scene.

Five people were killed and at least 16 hospitalized after gunfire erupted at a Fourth of July parade route in the wealthy Chicago suburb of Highland Park on Monday, officials said, as panicked spectators fled the scene.

Argentina's new economy minister Silvina Batakis was sworn in on Monday and quickly moved to calm markets that slid after the shock resignation of her predecessor on fears his exit would spark a shift towards more populist policies and state spending.

Argentina's closely watched black market peso crashed on Monday after the country's economy minister quit abruptly over the weekend and was replaced by an economist more closely aligned with the far-left wing of the ruling Peronist coalition.

Argentina's closely-watched black market peso crashed around 11% after the country's economy minister quit abruptly over the weekend and was replaced by an economist more closely aligned with the far-left wing of the ruling Peronist coalition.

Chile president receives draft constitution

Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up "significantly" over the long-term, a Bank of Canada survey showed Monday, bolstering calls for a very rare 75-basis point rate increase.

Canadian businesses now expect inflation to be high for longer, with firms eyeing survey-high wage increases over the next year and many planning to pass rising costs onto customers, a Bank of Canada survey showed Monday.

The United States said Monday that Al Jazeera journalist Shireen Abu Akleh was likely killed by gunfire from Israeli positions but that there was no reason to believe her death was intentional.

The Bank of Israel escalated its battle against inflation on Monday, raising its benchmark interest rate by a half percentage point, and signalled no sign of stopping despite an uncertain political environment.