IBT Staff Reporter

Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled.

Telecom Italia's (TIM) top investor Vivendi wants the phone group to value its fixed landline network at 31 billion euros ($33 billion) in any sale, far above analysts' and TIM's own estimate, a source close to the French group said.

Telecom Italia's (TIM) top investor Vivendi wants its fixed landline network to be valued at 31 billion euros ($33 billion) in any sale, far higher than analysts and the telecom company had forecast, a source close to the French group said.

Russia on Monday accused some members of the Group of 20 major economies of politicizing a meeting on global health, as it faced criticism over how its invasion of Ukraine in February had plunged its healthcare system into chaos.

Each morning in this Somali border town, 11-year-old Bashir Nur Salat plots his day's mission behind a crooked wire fence.

FINA's decision to restrict transgender athletes in elite women's swimming has provided a blueprint for other sports to follow in balancing fairness with inclusion, a top medical official at the global governing body said.

High-end home appliances and camping gear were among Chinese shoppers' most sought after buys during the "618" shopping festival, according to e-commerce platforms, in a sign of how China's COVID-19 curbs are driving lifestyle changes.

Soldiers on small boats delivered relief material on Monday across flooded towns and villages in Bangladesh, after more than nine million people were marooned in the low-lying country and neighbouring India following heavy rains, officials said.

Authorities in flood-hit Bangladesh and northeastern India scrambled on Monday to provide aid to more than nine million people marooned after the heaviest rains in years killed at least 54 people across both South Asian nations, officials said.

Air industry could fly back into black next year, IATA says

India's annual monsoon rainfall has covered more than half of the country and conditions are favourable for it to advance into central, northern and western regions this week, the weather department said on Monday.

'Huge uncertainty' for EU firms over China's Covid curbs, chamber warns

Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing questions over whether the appetite for travel is sustainable.

Turkish Airlines is considering joint ventures and initial public offerings for its cargo business and regional carrier as it weighs up options to grow both internally and through deals, the chairman of Turkey's national airline said.

A plunge in shares in Italian banks, sparked by rising government bond yields, has reawakened memories of the 2011-12 debt crisis and rekindled concerns over lenders' vulnerability to sovereign risks.

A Japanese court ruled on Monday that a ban on same-sex marriage was not unconstitutional, dealing a setback to LGBTQ rights activists in the only Group of Seven nation that does not allow people of the same gender to marry.

Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative supply sources after another neighbour Malaysia restricted sales.

Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative supply sources after another neighbour Malaysia restricted sales.

Swimming to set up 'open category' for transgender athletes

Pope's future sparks debate, resignation seems unlikely

The third time was the charm for Gustavo Petro, the leftist firebrand, former guerrilla and newly elected Colombian president who credits his political awakening to seeing his father weep over the death of revolutionary Che Guevara.

Ukraine mechanics turn rally cars into 'combat buggies'

A series of surprise actions by some of the world's largest central banks fretting about runaway inflation has left bond investors battered.

Offshore detention survivors decry UK's Rwanda scheme

The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors.

The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors.

Yours sincerely: singles charmed by Japan letter-writing scheme

President Emmanuel Macron faced calls for his prime minister to resign on Monday and doubt hung over his ability to rule decisively after his camp lost its parliamentary majority.

President Emmanuel Macron's centrist camp scrambled on Monday to secure support from rivals to salvage some of its reform agenda after weekend elections delivered a fragmented parliament that leaves France at risk of political paralysis.