IBT Staff Reporter

California Governor Gavin Newsom on Monday warned he would order strict cutbacks on water usage statewide if businesses and residents did not slash their own consumption in the face of a severe drought.

With Biden Taiwan warning, US 'ambiguity' gets little clearer

A small group of Activision Blizzard workers voted for unionizing at a studio that works on the popular "Call of Duty" franchise, the second victory in a push to organize the video gaming industry.

A small group of Activision Blizzard workers voted for unionizing at a studio that works on the popular "Call of Duty" franchise, the second victory in a push to organize the video gaming industry.

Ukrainian filmmaker Sergei Loznitsa plans to make a documentary about the war in his country, he said on Monday at the Cannes Film Festival

New York City police on Monday released surveillance images of a suspect in the fatal shooting of a 48-year-old man in a subway car over the weekend, an apparently random attack that came less than two months after a mass shooting on the transit system.

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

Shares of U.S. retailers and consumer-oriented stocks took a beating last week, but may not yet be low enough to tempt long-term investors who remain worried about whether surging inflation will continue to hurt corporate bottom-lines and cause shoppers to cut back.

The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks.

The World Economic Forum returned to Davos on Monday with a unique spring gathering. Here is what you need to know about Day 1:

Russian aluminum giant Rusal has been making steady payments to Jamaica as part of a 2021 agreement to pay back production taxes it owes the government, according to Jamaican Transport and Mining Minister Audley Shaw.

Videogame publisher Activision Blizzard Inc enforced a social media policy that conflicted with workers' rights and illegally threatened staff in the policy's enforcement, a U.S.

British proxy adviser PIRC on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman Darren Woods, at an annual general meeting on Wednesday.

British proxy advisor Pensions & Investment Research Consultants Limited (PIRC) on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman and Chief Executive Darren Woods at Wednesday's annual general meeting.

Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday.

The Serum Institute of India (SII), the world's biggest vaccine maker, is considering setting up its first manufacturing plant in Africa as it looks to expand globally after its success in selling COVID-19 shots, its CEO told Reuters on Monday.

Pressure mounts on French disabilities minister accused of rape

Republican U.S. Senator Pat Toomey said Monday it is likely Michael Barr will be confirmed as the Federal Reserve's Wall Street cop, although he has not yet decided on whether to support the nomination.

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised.

In Davos, Ukrainians host "Russian War Crimes House"

Ukraine can win the war against Russia but it will be a long fight and the conflict must not be allowed to fade out of the news, Hollywood actor Liev Schreiber said on Monday in Davos.

Barclays said on Monday it had identified a single "material weakness" in its internal control processes, as it refiled its accounts with U.S.

Sri Lanka hired Lazard and Clifford Chance as financial and legal advisers respectively to represent the government in talks with international creditors, three sources familiar with the situation said on Monday.

Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its debts, a trio of sources told Reuters on Monday.

Significant proportions of weapons and arms seized from Islamist insurgents in Niger came from West African state stockpiles, suggesting authorities are struggling to secure arms stores in the region, a report said on Monday.

Saudi Arabia's finance minister said on Monday there were no immediate plans to transfer more funds to the Public Investment Fund (PIF), the sovereign wealth fund at the centre of the kingdom's plans to diversify its economy away from oil.

Risk of monkeypox spreading widely 'very low'

Brazil's top public prosecutor said President Jair Bolsonaro has committed no crime by questioning the legitimacy of the voting system or suggesting he might not concede defeat in the October elections as former U.S.

While the world economy faces headwinds, current growth forecasts offer a buffer against a potential global recession, the International Monetary Fund's No. 2 official said Monday.