IBT Staff Reporter

Snap Inc's shares plunged nearly 40% on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry, sparking a sector-wide selloff.

Snap Inc shares plunged more than 40% and sparked a sector-wide selloff on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry.

Kremlin critic Navalny loses appeal against nine-year sentence

Russian and Chinese military planes conducted joint exercises to patrol the Asia-Pacific region, Russia's defense ministry said on Tuesday, in a pointed farewell to U.S.

Russian and Chinese military planes conducted joint exercises to patrol the Asia-Pacific region on Tuesday in a pointed farewell to U.S.

Russian and Chinese bombers flew joint patrols near Japanese and South Korea air defense zones on Tuesday in a pointed farewell to U.S.

Germany has ordered 40,000 doses of a Bavarian Nordic vaccine to be ready to vaccinate contacts of those infected with monkeypox if an outbreak in Germany becomes more severe, but officials are banking on other precautionary measures for now.

Japan scrambled jets after Russian and Chinese warplanes neared its airspace on Tuesday, when Tokyo was hosting the leaders of the Quad grouping of countries that includes the United States, Defence Minister Nobuo Kishi said.

Argentine peso bills, devalued by years of inflation now soaring near 60%, are starting to cause a literal strain on wallets - with the largest banknote in circulation worth under $5 in commonly used exchange markets.

U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement he made about Tesla on Twitter didn't go their way, according to four sources with knowledge of the matter.

South Korea's military said it scrambled fighter jets after at least four Chinese and four Russian warplanes entered its air defence zone on Tuesday.

Wall Street's main indexes fell on Tuesday, with the tech-heavy Nasdaq leading the slump, as a weak earnings forecast from Snapchat-owner Snap Inc added to nerves about an inflation-struck economy.

Wall Street's main indexes plunged on Tuesday, with the tech-heavy Nasdaq leading the slump, as economic data and bleak company forecasts added to nerves about slowing growth amid decades-high inflation.

The head of the Organisation for Economic Cooperation and Development (OECD) on Tuesday said he was "quietly optimistic" a landmark deal to establish a global minimum tax will be approved by European Union members but implementation may not occur until 2024.

The Organisation for Economic Cooperation and Development (OECD) on Tuesday acknowledged for the first time that a global digital tax deal may take a year longer to implement.

Indonesian President Joko Widodo has agreed to allow palm oil exports to resume after a three-week ban, though it is unclear how rapidly shipments will resume given accompanying rules aimed at securing domestic supply.

The administration of U.S. President Joe Biden said it would appeal the decision of a Louisiana judge that upended its plans to end a COVID-era health order blocking most asylum seekers and other migrants at the border with Mexico.

Centrist U.S. Representative Henry Cuellar seeks to hold off progressive challenger Jessica Cisneros on Tuesday in a high-profile south Texas Democratic primary battle that illustrates sharp dividing lines over immigration and abortion rights.

Centrist U.S. Representative Henry Cuellar was clinging to a razor-thin lead early on Wednesday against progressive challenger Jessica Cisneros in a high-profile south Texas Democratic primary battle that illustrated sharp dividing lines over immigration and abortion rights.

Texas Attorney General Ken Paxton is expected to fend off a challenge on Tuesday from fellow Republican George P.

Texas Attorney General Ken Paxton shrugged off a challenge on Tuesday from fellow Republican George P.

Billionaire Tom Styers and investment partner Katie Hall have led the latest funding round for technology start-up Regrow Ag, which aims to help accelerate the shift to climate-friendly farming.

Billionaire Tom Steyer and investment partner Katie Hall have led the latest funding round for technology start-up Regrow Ag, which aims to help accelerate the shift to climate-friendly farming.

Canada's top six banks are expected to post an average 12% drop in second-quarter earnings from the previous three months as increased expenses and loan-loss reserves and lower investment banking revenues outweigh strong loan growth and margin expansion from rising interest rates.

Georgia Republicans are expected to reject Donald Trump's campaign to oust Governor Brian Kemp in Tuesday's primary election, though polls show they are likely to back the former football star he has endorsed in their U.S.

Donald Trump's campaign to play kingmaker in this year's U.S.

Donald Trump's campaign to play kingmaker in this year's U.S.

Herschel Walker, a former American football star endorsed by Donald Trump, on Tuesday won the Republican nomination to represent Georgia in the U.S.

Georgia Republican Governor Brian Kemp won his party's primary on Tuesday over a challenger endorsed by Donald Trump, marking the former U.S.