IBT Staff Reporter

The first grain ship to leave a Ukrainian port in wartime passed through the Bosphorus Strait on Wednesday en route to Lebanon for a delivery that foreign powers hope will be the first of many to help ease a global food crisis.

The first grain ship to leave a Ukrainian port in wartime passed inspection and was heading through the Bosphorus on Wednesday for a delivery that foreign powers hope will be the first of many to help ease a global food crisis.

The first grain ship to leave a Ukrainian port in wartime was set to pass through the Bosphorus after inspection ended on Wednesday, while a Turkish official said such deliveries from Ukraine may pick up after the successful first trip.

Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multi-decade high inflation with Canada surprising markets with an outsized move.

New Zealand video game developer PikPok found a solution to prolonged difficulty in finding experienced workers: Colombia.

A staunch defender of human rights and long-time China critic, U.S.

Former British finance minister Rishi Sunak said it was still "early days" in the contest to replace Prime Minister Boris Johnson, as two opinion polls showed his rival Liz Truss had extended her lead in the race to be Britain's next leader.

Shipping group Maersk expects global container demand to fall this year as sales of durable goods come to a "standstill", leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday.

Shipping group Maersk said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence and bottlenecks at ports.

Uber Technologies on Wednesday sold its 7.8% stake in Indian food delivery firm Zomato Ltd for $392 million via a block trade on local exchanges, two sources familiar with the matter told Reuters.

Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd's of London insurer shares plunged on a first-half loss.

Solar electric tricycles give Zimbabwean women a lift

The post-pandemic inflation surge clearly persisted too long for central banks to ignore - but investors sceptical of some multi-year regime change or paradigm shift still feel emboldened.

The post-pandemic inflation surge clearly persisted too long for central banks to ignore - but investors sceptical of some multi-year regime change or paradigm shift still feel emboldened.

Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid growing food insecurity.

As China embarks on an unprecedented six days of military drills surrounding Taiwan, security analysts are warning of mounting risks of escalation even if Beijing seeks to avoid its protests over Nancy Pelosi's visit from sparking full blown conflict.

Thailand's economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, a leading joint business group said on Wednesday.

BMW lowered its output forecast and warned of a highly volatile second half on Wednesday, pinpointing supplies of energy in Europe and chips worldwide as the two crucial factors to the carmaker hitting full-year earnings targets.

BMW warned on Wednesday of a highly volatile second half as challenges from inflation and gas shortage fears to ongoing supply chain bottlenecks weighed on demand, with higher pricing only partially offsetting lower output.

Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.

Just Eat Takeaway.com, Europe's largest meal delivery company, on Wednesday reported a smaller loss for the first half of 2022 and maintained growth and margin forecasts for the full year, promising lower spending on costs such as a recent commercial featuring pop icon Katy Perry.

The founding family of Italian luxury shoemaker Tod's plans to buy out other investors for up to 338 million euros ($344 million) and take the group private in an effort to revive its fortunes by managing its diverse brands separately.

Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was on track to meet its profit target despite "clouds" on the horizon.

Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and increased commission income, and confirmed it was on track to meet its profit target this year.

Australia's Greens party on Wednesday threw its support behind the government's climate change legislation, clearing the way for a bill enshrining a pledge to cut carbon emissions by 43% by 2030, but said it would oppose new fossil fuel projects.

Vin Scully, one of baseball's most revered broadcasters who called Dodgers' games for a record-breaking 67 years and narrated some of the sport's greatest moments, died on Tuesday at the age of 94, the team announced.

Toyota Motor Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and supply-chain woes forced the world's top automaker by sales to repeatedly slash production targets.

Pelosi Taiwan visit set to dominate ASEAN meet

South Korea's residential property prices are likely to drop by up to 2.8% in two years with a full percentage point hike in policy interest rate, according to a research paper by the central bank on Wednesday.