IBT Staff Reporter

Germany's government will have the power to take stakes in utilities and impose emergency levies on consumers under proposed legal changes now under discussion, three sources told Reuters, as Berlin moves to beef up energy security.

European shares rose on Monday as the oil and gas sector marked its best session in two months, while bleak euro zone investor morale kept sentiment in check ahead of the European Central Bank's plan to start hiking interest rates this month.

European shares rose on Monday on gains in oil and gas companies, while investors awaited eurozone inflation data after a red-hot consumer price report last week cemented the case for an interest rate hike by the European Central Bank (ECB).

China Evergrande Group is reaching out to its offshore creditors for their support to fight a lawsuit in a Hong Kong court aimed at liquidating the embattled property developer, according to a person with direct knowledge of the matter.

Pope Francis has dismissed reports that he plans to resign in the near future, saying he is on track to visit Canada this month and hopes to be able to go to Moscow and Kyiv as soon as possible after that.

Torrential rain is lashing Australia's southeast coast, forcing thousands of people from their homes because of the danger of floods and landslides in a region battered by major flooding four times in the past 18 months.

Russia will shift the main focus of its war in Ukraine to trying to seize all of the Donetsk region after capturing neighbouring Luhansk, the Luhansk region's governor said on Monday.

Russia will shift the main focus of its war in Ukraine to trying to seize all of the Donetsk region after capturing neighbouring Luhansk, the Luhansk region's governor said on Monday.

Top European hotel chains are hiring workers without experience or even a resume as executives admit years of underpaying staff have come back to bite, leaving them unable to meet post-pandemic travel demand.

President Emmanuel Macron on Monday urged his ministers to "hang in there", be ambitious and show a willingness to compromise after he carried out a limited reshuffle that saw no opponents join his camp as he seeks a workable majority in parliament.

President Emmanuel Macron on Monday turned to the health minister who steered France through COVID to sell the government's policies to voters worried about a spike in inflation as he carried out a limited reshuffle.

Ukrainians look to Kyiv beaches as respite from war

Chile president to receive draft constitution

Kyrgios eyes Wimbledon quarters as Nadal picks up the pace

A surprise decision by South Korean boy band BTS to take a break from live shows has rekindled debate about mandatory military service in a country setting global pop-culture trends while facing a decades old Cold War threat.

Large Hadron Collider revs up to unprecedented energy level

Saudi welcomes 1 million for biggest hajj pilgrimage since pandemic

Thousands evacuate from 'dangerous' Sydney floods

Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level.

Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion cling above the $1,800 support level.

Gold edged lower in choppy trade on Monday, pressured by a stronger U.S. dollar, but weakness in Treasury yields helped keep prices above $1,800.

Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1,800-mark and marginally outweighed pressure stemming from elevated U.S.

Silvina Batakis arrives at Argentine's Ministry of Economy in full-blown crisis mode, with inflation above 60%, a high fiscal deficit, fears rising about debt defaults and savers losing faith in the peso currency and anticipating a devaluation.

Ukrainian President Volodymyr Zelenskiy said on Monday his armed forces were undeterred in their efforts to "break" Moscow's will to pursue a nearly five-month war, while Russia's Vladimir Putin hailed his military's victory in the grueling battle of Luhansk.

Ukrainian forces were taking up new defensive lines in the eastern part of the country on Monday, preparing for the next phase in the war as President Vladimir Putin proclaimed Russia's victory in the months-long battle of Luhansk.

Ukrainian forces were taking up new defensive lines in the east on Monday, preparing for a hard new phase in the war as President Vladimir Putin proclaimed Russia's victory in the months-long battle of Luhansk.

Russian forces in Ukraine will focus on trying to seize all of the Donetsk region, having forced Ukrainian troops to withdraw from the last major city under their control in the neighbouring Luhansk region, the governor of Luhansk said on Monday.

Ukraine's forces have withdrawn from the bombed-out city of Lysychansk, prompting Russia to claim full control of the eastern Luhansk region, a key Kremlin war goal, but President Volodymyr Zelenskiy vowed to regain the lost territory.

US drought exposes murky mob past of Las Vegas