IBT Staff Reporter

'Wagatha Christie': Rooney triumphs as Vardy loses libel trial

Canada's resource-heavy main stock index rose on Friday, capping a positive month for the market, as company earnings impressed investors and preliminary data showed the Canadian economy expanding more than expected in the second quarter.

Canada's resource-heavy main stock index rose on Friday, helped by strong company earnings, while data showing Canadian economy most likely grew above Bank of Canada's projection boosted expectations of another big hike in September.

The Nasdaq and the S&P 500 indexes rose on Friday and were on track for their biggest monthly gain in nearly 20 months, after upbeat earnings updates from Apple and Amazon and on hopes of a less aggressive monetary policy.

A potentially costly U.S.-led complaint against Mexico's energy policy has stirred considerable concern inside the Mexican government in spite of President Andres Manuel Lopez Obrador's defiant attitude, officials and people close to the matter say.

Ukraine's president visited a Black Sea port on Friday to show his country is ready to start exporting grain under a U.N.-brokered deal aimed at easing global food shortages, and said Kyiv was awaiting the signal for the first shipment.

Ukraine is ready to start shipping grain from two Black Sea ports under a U.N.-brokered agreement but no date has been set for the first shipment, Ukrainian Infrastructure Minister Oleksandr Kubrakov said on Friday.

The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation's remaining coal-fired power plants, after the Supreme Court limited the agency's ability to impose sweeping climate regulations, according to EPA chief Michael Regan.

Procter & Gamble Co delivered quarterly earnings that missed estimates on Friday and forecast lower sales growth, citing surging transportation and commodity costs, consumer cutbacks and retailer reluctance to hike prices.

While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed.

People at high risk of severe disease who have yet to get a second COVID-19 booster should not wait for next-generation, Omicron-targeted vaccines expected in the fall, five vaccine experts told Reuters.

Macron counts on Saudi prince to 'ease' Ukraine war effects

Portugal's economy lost momentum in the second quarter after a very strong start to the year, with inflation at a three-decade high weighing on private consumption, official data showed on Friday.

Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.

The euro zone economy grew much faster than expected in the second quarter, but economists said it might be the economy's last hurrah before ever-higher inflation and supply chain problems cause a mild recession in the second half of the year.

Some of Britain's top listed companies could be downplaying risks from climate change on their bottom line and could face "appropriate action", regulators said on Friday.

Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost savings, the chief executive of the catering equipment company told Reuters.

Chevron Corp posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high prices for natural gas and oil, and boosted its share buyback target.

Chevron Corp posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high prices for natural gas and oil, and boosted its share buyback target.

Chevron Corp increased its share buyback guidance on Friday after posting its biggest quarterly earnings ever, built on strong fuel margins and high prices for natural gas and oil.

Pope Francis again asked for forgiveness after meeting on Friday with residential school survivors in the Arctic territory of Nunavut, the last stop in his six-day visit to Canada to apologize to indigenous people for abuse in government schools run by the Roman Catholic Church.

Spirit Airlines Inc Chief Executive Ted Christie had been dismissive of the possibility that regulators would allow his low-cost U.S.

Ultra-fast fashion charms young despite damaging environment

Japan has included measures to respond to currency moves as items for consideration in its fiscal 2023 budget to be drawn up late this year, the budget guideline showed on Friday, in a sign of a warning to investors against selling the yen.

Japan kept the expected timing for achieving a primary balance surplus unchanged at fiscal 2026, suggesting that the government will not meet its goal of realising a surplus by fiscal 2025 despite rising tax revenues.

Soldiers in civilian areas: A touchy topic in Ukraine

South African musical export Amapiano has crossed borders and cultural barriers, reaching as far as Japan.

As President Jair Bolsonaro has aggressively sought to boost gun ownership in Brazil, documents obtained by Reuters reveal one key source of resistance to his agenda: his own federal police.

China will resume issuing visas to Afghans from August 1 and allow 98% of Afghan imports to enter tax free, the Chinese foreign ministry said on Friday.