IBT Staff Reporter

Citigroup Inc Chief Executive Jane Fraser said on Friday that Europe was more likely than the United States to slip into a recession, as she joined other global bank CEOs this week to warn about the health of the global economy.

Veteran Nigerian politician and former Lagos state governor Bola Tinubu has said it is his turn to lead Africa's most populous nation after his backing helped propel President Muhammadu Buhari to power seven years ago.

Peter Navarro, a former top adviser to ex-President Donald Trump, was charged on Friday with contempt of Congress for refusing to cooperate with the House of Representatives committee investigating the Jan.

The Benetton family and U.S. fund Blackstone are on track to secure the green light from the Italian government for their takeover offer for infrastructure group Atlantia, two people close to the matter told Reuters on Friday.

President Joe Biden publicly acknowledged on Friday that he may travel to Saudi Arabia soon, a trip that multiple sources say is expected and could include talks with Saudi Crown Prince Mohammed bin Salman.

U.S. President Joe Biden, asked on Friday about Tesla CEO Elon Musk's comment about having a "super bad feeling" about the economy, quipped that he wished Musk "lots of luck" on his "trip to the moon." .

U.S. President Joe Biden compared Tesla unfavorably to Ford on Friday, while sarcastically wishing Chief Executive Elon Musk "lots of luck" on his "trip to the moon" after the billionaire expressed reservations about the economy.

The U.S. Environmental Protection Agency is expected to issue on Friday biofuel blending mandates for the year 2022 that are lower than a number proposed in December, and mandates for the year 2021 that are above the proposed number, according to two sources familiar with discussions.

The U.S. Environmental Protection Agency on Friday issued biofuel blending mandates for 2022 and the prior two years - with this year's number below one proposed in December - while denying oil refiners waivers to be exempt from the requirements.

Police close Hong Kong's Victoria Park on eve of Tiananmen anniversary

Russia's failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago.

Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.

The European Union on Friday blacklisted Russian military commanders who it said led troops involved in atrocities in Ukraine, describing them as the "butchers" of Bucha and Mariupol.

The fighting may be more than 2,000 kilometres (1,200 miles) away across sea and land, but on their remote, rocky outcrop off the southern coast of Finland, the inhabitants of Aland fear the Russian invasion of Ukraine could change their lives for good.

U.S. jobs gains of 390,000 in May and still strong wage growth leave the Federal Reserve on track for half point interest rate increases in June and July as the U.S.

The Federal Reserve is on track for half point interest rate increases in June, July, and perhaps even beyond as fresh job market data Friday showed no sign the U.S.

The Federal Reserve is on track for half point interest rate increases in June, July, and perhaps even beyond as fresh job market data Friday showed no sign the U.S.

Split on drug culture, Mexican ballads flourish in digital age

US continues to add jobs as wage gains slow

Yemeni cancer patient Mohsen al-Najdi has to drive more than three hours along narrow mountain roads to receive chemotherapy he can barely afford in Taiz, a city which has been largely cut off from the rest of Yemen during a seven-year war.

Credit Suisse is likely to remain in the blue-chip Swiss Market Index (SMI) when it is up for a review in early July, even after the crisis-ridden bank has lost about a third of its value since the last index revision a year ago.

Train crash kills at least four near German resort

Return of Harry and Meghan splits opinion

Boeing Co Chief Executive Dave Calhoun said on Friday the U.S.

Boeing Co Chief Executive Dave Calhoun said on Friday the U.S.

Ukraine's embattled eastern region of Donetsk will not fall quickly to Russia's assault, but it needs the world to supply more weapons to keep the offensive at bay, its governor told Reuters on Friday.

The U.S. Food and Drug Administration has raised concerns about a possible risk of heart inflammation from Novavax Inc's COVID-19 vaccine, even as the company's data showed it could reduce the chances of mild-to-severe disease.

Senegal's President Macky Sall said Russia's Vladimir Putin had told him on Friday he was ready to enable the export of Ukrainian grain to ease a global food crisis that is hitting Africa especially hard.

Senegal's President Macky Sall said Russia's Vladimir Putin had told him on Friday he was ready to enable the export of Ukrainian grain to ease a global food crisis that is hitting Africa especially hard.