IBT Staff Reporter

The U.S. Food and Drug Administration on Wednesday in testimony to lawmakers defended steps it took to address complaints about possible baby formula contamination at a now shuttered Abbott Laboratories plant that led to severe nationwide shortages.

Lawmakers grilled U.S. Food and Drug Administration officials on Wednesday over what they saw as a lack of urgency in the agency's response to complaints about possible baby formula contamination at a now shuttered Abbott Laboratories plant that led to severe nationwide shortages.

Former British Virgin Islands Premier Andrew Fahie pleaded not guilty to charges of conspiring to launder money and import cocaine to the United States, his attorney said on Wednesday, following his arrest in Miami.

US negotiator says odds against reviving Iran deal

Milan prosecutors on Wednesday requested former Italian prime minister Silvio Berlusconi be jailed for six years for allegedly bribing witnesses in a 2013 underage prostitution case.

The main Dutch journalists' union on Wednesday filed a lawsuit challenging the European Union's ban on Russian state-backed media outlets as a violation of European citizens' own rights to freedom of information.

It could be years before card fees from global payments duo Mastercard and Visa can be capped again to cut costs for retailers and consumers, Britain's payments regulator told lawmakers on Wednesday.

A new website that published leaked emails from several leading proponents of Britain's exit from the European Union is tied to Russian hackers, according to a Google cybersecurity official and the former head of UK foreign intelligence.

A new website that published leaked emails from several leading proponents of Britain's exit from the European Union is tied to Russian hackers, according to a Google cybersecurity official and the former head of UK foreign intelligence.

Vedanta will finalize a location for its $20 billion semiconductor and display plants in India by mid-June and will have the first chip product ready in two years, its Chairman Anil Agarwal said on Wednesday.

Gambia's government on Wednesday said it accepted a recommendation by a truth and reconciliation commission that exiled former president Yahya Jammeh be prosecuted for killings and other suspected crimes from his time in office.

Pfizer offers to sell medicines at cost to poorest countries

The widow of an unarmed man killed in Ukraine by a Russian soldier jailed for life last week in the first war crimes trial of Russia's invasion has recounted finding her husband's body, a bullet hole in his head.

India jails Kashmir independence leader for life

Volkswagen will pay 193 million pounds ($242 million) as part of an out-of-court settlement to around 91,000 British drivers over a diesel emissions scandal that engulfed Europe's largest carmaker in 2015.

Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S.

Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S.

Global stocks are forecast to recover from current levels but stay well below record highs this year and next as a majority of more than 150 equity analysts polled by Reuters predicted a rebound that is both lackluster and uneven.

Global stocks are forecast to recover from current levels but stay well below record highs this year and next as a majority of more than 150 equity analysts polled by Reuters predicted a rebound that is both lackluster and uneven.

Bidders competing to acquire Kohl's Corp are preparing to make binding offers that are lower than the indicative bids they submitted earlier this year to reflect the market downturn and the U.S.

Teva Pharmaceutical Industries and AbbVie's Allergan unit reached a settlement worth $161.5 million to resolve claims the companies fueled an opioid epidemic in West Virginia, state attorney general Patrick Morrisey said Wednesday.

Rodolfo Hernandez, a septuagenarian construction magnate and former mayor, is enjoying a late rise in polls ahead of Colombia's presidential vote on Sunday, boosted by his colorful social media presence and anti-corruption promises.

The chances of reviving the 2015 Iran nuclear deal are shaky at best and Washington is ready to tighten sanctions on Tehran and respond to "any Iranian escalation" with Israel and others if the pact cannot be saved, a senior U.S.

The United States said on Wednesday it was ready to tighten sanctions and act with Israel and others to counter the Iranian threat if shaky efforts to revive the 2015 Iran nuclear deal fail, but lawmakers voiced doubts about both options.

A multi-billion dollar fund set up by G20 countries to help developing countries better prepare for pandemics could be operational within months, according to the World Bank.

The U.S. business of Fiat Chrysler Automobiles has agreed to plead guilty to criminal conduct and pay roughly $300 million in penalties to resolve a multi-year emissions fraud probe surrounding vehicles with diesel engines, people familiar with the matter said.

An Indian court on Wednesday ordered life in jail for Kashmiri separatist leader Yasin Malik for funding "terrorist" activities and many other charges, prompting street protests outside his residence and condemnation from Pakistan's prime minister.

Whoever wins Colombia's presidency will face a divided congress and likely street protests, which will complicate efforts to carry out badly-needed fiscal and social reforms, analysts and politicians said.

Most Caribbean Community member nations plan to attend the Summit of the Americas, according to two sources familiar with the situation, as some leaders call for a boycott if Washington excludes its ideological adversaries in the region.