IBT Staff Reporter

President Joe Biden kicks off a summit on Wednesday that was conceived as a platform to showcase U.S.

Deep in a forest in Nigeria's Ebute Ipare village, Egbontoluwa Marigi sized up a tall mahogany tree, methodically cut it down with his axe and machete, and as it fell with a crackling sound, he surveyed the forest for the next tree.

It was the moment when two brothers who had dominated Sri Lanka's politics for nearly 20 years finally went their separate ways.

The grocery delivery industry that erupted in the depths of lockdown is facing a painful period of adjustment that investors say is likely to see only a handful of firms survive in each market - and then, in very different shape.

If indeed there is an economic hurricane coming, then someone should shake the junk bond market.

Wizz Air said on Wednesday it was suffering significant costs from cancellations and "operational hiccups" at airports, especially in the United Kingdom, as the industry tackles a shortage of air traffic controllers and security staff.

China's Tencent Holdings said on Wednesday that it will release its flagship mobile game "Honor of Kings" globally by the end of the year as the domestic internet giant pivots to the international gaming market.

India tightened public security on Wednesday after the circulation of a letter warning of Islamist militant attacks to avenge derogatory remarks about the Prophet Mohammad by an official of the ruling Hindu nationalist party.

Police in northern India arrested a youth leader from the Hindu nationalist ruling party for posting anti-Muslim comments on social media after derogatory remarks by another party official about the Prophet Mohammad led to a diplomatic furore, officials said on Wednesday.

Japanese policymakers held fast to their usual line on yen weakness on Wednesday, stating that rapid moves were undesirable, but confounded expectations they may escalate warnings about the sliding currency as it fell to fresh 20-year lows.

Hi-tech herd: Spain school turns out 21st-century shepherds

Fashion giant Zara's owner Inditex reported an 80% jump in first-quarter profit on the back of soaring sales as consumers refreshed their wardrobes after months spent stuck at home during the pandemic lockdowns.

Against Type: Russian print artist makes posters for peace

South Korea's LG Energy Solution (LGES) on Wednesday broke ground on nickel processing plants in Indonesia, part of the company's $9.8 billion investment in the country to produce electric vehicle batteries.

World Bank slashes China growth forecast over Covid damage

Credit Suisse warned on Wednesday of a likely second-quarter loss as volatility hit its investment bank, the third quarter in a row for which Switzerland's second-largest bank has issued a profit warning.

Brazilian police investigating the disappearance of a British journalist and an indigenous expert in the Amazon rainforest have questioned a possible suspect among several fishermen known to have clashed with authorities earlier over fishing rights.

Nike Inc, the world's largest sportswear maker, is discontinuing its popular Nike Run Club (NRC) App in China from July, the company said on Wednesday, the latest reassessment by a U.S.

The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy.

The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia's third-largest economy.

The Reserve Bank of India's key interest rate was raised by 50 basis points on Wednesday as widely expected, in the second hike in as many months, in a bid to cool persistently high inflation.

Turkey's lira tumbled more than 2% against the U.S.

North Korea's recent missile tests were "serious, unlawful" provocations, senior officials from South Korea, the United States and Japan said on Wednesday, urging Pyongyang to return to dialogue and accept offers of COVID-19 aid.

Thai railway market back on track post-pandemic

U.S. and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while bond yields rose after euro-zone gross domestic product beat expectations, adding to bets of a more hawkish European Central Bank.

European stocks fell on Wednesday and Wall Street futures were in the red as worries about weak global growth in the face of central bank tightening weighed on markets.

European stocks slipped on Wednesday and Wall Street futures were in the red as worries that central bank tightening will stifle global growth weighed on markets.

Asia stocks rose on Wednesday, encouraged by a rally on Wall Street, but gains were kept in check by worries that aggressive central bank policy tightening will stifle global growth and raise the risks of stagflation.

Nigeria's ruling party picks ex-Lagos governor as 2023 candidate