IBT Staff Reporter

Gap Inc slashed its annual results forecast on Thursday, sending shares 13% lower after hours as the clothing retailer blamed poor fashion choices at its Old Navy line and weak demand in the face of decades-high inflation.

The U.S. Justice Department said on Thursday it has secured the forfeiture of a Maryland property purchased by former Gambian President Yahya Jammeh with about $3.5 million in alleged corruption proceeds through a trust set up by his wife.

The U.S. State Department has approved the sale of mobile rocket launchers to Australia, as the country seeks to boost its military presence in the Indo-Pacific region.

As the United States and its allies provide Ukraine with increasingly sophisticated arms, Washington has held discussions with Kyiv about the danger of escalation if it strikes deep inside Russia, U.S.

War pushes Ukrainian teen towards Belgian future

The following is a summary of some recent studies on COVID-19.

Private equity firm Silver Lake has spent years cultivating and backing chief executives enamored with big deals, a strategy that pays off handsomely when large acquisitions such as the deal between chipmaker Broadcom Inc and cloud computing company VMware Inc come along.

Toronto police shot and killed a man who was walking down a street carrying a gun in a city neighborhood on Thursday afternoon, an incident that prompted five nearby schools to be placed under precautionary lockdowns, city officials said.

An election official in Wisconsin has resigned, saying he lost the backing of fellow Republicans because of his refusal to support former President Donald Trump's false claims of fraud in the 2020 presidential election.

Blockbuster Depp vs Heard defamation case goes to the jury

Finland's prime minister said on Thursday Russia's actions in Ukraine were a turning point for the world and relations with Moscow could not go back to how they were before its invasion.

Abbott Laboratories said on Thursday it is actively developing a test for monkeypox, as the disease spreads in various countries.

The United States on Thursday said it had identified nine monkeypox cases in seven states, some in individuals who did not have a recent history of international travel.

Nippon Steel Corp, the world's No.5 steelmaker, expects its seamless pipe business will return to a profit this year from a loss last year as gas drilling activity is on the rise to meet higher demand for non-Russian fuel.

The British government's 5 billion pound ($6.29 billion) windfall tax plan for oil and gas producers includes an incentive for those producers to pump more fossil fuels, riling climate activists who had called for the tax.

American actor Ray Liotta, 67, who starred in the 1990 blockbuster crime film "Goodfellas," died in his sleep on Thursday in the Dominican Republic, the Dominican Republic General Directorate of Cinema confirmed to Reuters.

Although cancer screening and diagnosis was hit by the coronavirus pandemic, resulting advances in medical technology and greater diversity in clinical trials could help treatments in the future, an AstraZeneca executive said.

Cuba's President Miguel Diaz-Canel said he would not attend the upcoming Summit of the Americas hosted by the United States, which has said that only democratic governments would be invited.

The Palestinian Authority's attorney general said on Thursday that its investigation proves an Israeli soldier shot Al Jazeera journalist Shireen Abu Akleh in the head in a targeted killing.

The Palestinian Authority said on Thursday its investigation into the killing of Al Jazeera journalist Shireen Abu Akleh showed that she was shot by an Israeli soldier in a "deliberate murder".

Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments.

Covid tests, no snow and no Russians: A strange Davos

Shareholders have reelected all of McDonald's Corp's directors, the company said on Thursday, ending a boardroom battle with billionaire investor Carl Icahn who had sought to win two board seats and shine a spotlight on his campaign over animal welfare.

Gun safety advocates are pushing U.S. President Joe Biden to take stronger measures on his own to curb gun violence after the Texas elementary school shooting, but the White House is putting responsibility on Congress to pass laws that would have more impact.

The Afghan Taliban are stepping up coal exports to Pakistan and have raised duties on sales, officials said, as the group aims to generate more revenue from its mining sector in the absence of direct foreign funding.

Burning Love or Suspicious Minds? 'Elvis' divides Cannes

Two days after a teenage gunman murdered 19 children and two teachers inside a South Texas elementary school classroom, many details surrounding the massacre remained murky, as the small town of Uvalde reeled from the deadliest school shooting in nearly a decade.

Desperate parents shouted at police to enter the South Texas elementary school where a massacre was unfolding, with some trying to approach the building themselves before being restrained by officers, according to videos recorded during Tuesday's attack.

Desperate parents gathered outside Robb Elementary School and implored police to storm the Texas school as Tuesday's massacre was unfolding, with some fathers having to be restrained, videos that surfaced on Thursday showed.