IBT Staff Reporter

U.S. House of Representatives Speaker Nancy Pelosi told Britain there could be no U.S.-UK trade deal if it proceeds with plans to unilaterally scrap some of the rules governing trade with Northern Ireland.

The Group of Seven's financial leaders are expected to unveil billions of dollars in new aid to Ukraine on Friday and promise enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion.

The Group of Seven's financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion.

Cameroon's government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.

Slovak state gas importer SPP has paid a bill for Russian natural gas in euros and has also opened a rouble account with Gazprombank, the company said on Friday, in effect accepting a payment scheme demanded by Moscow.

Elon Musk's rejection of environmental, social and corporate governance (ESG) scores as a "scam" highlights how Wall Street's hottest investment trend that encompasses some $35 trillion in assets means different things to different people.

In a sign of Russia's urgent need to bolster its war effort in Ukraine, parliament said on Friday it would consider a bill to allow Russians over 40 and foreigners over 30 to sign up for the military.

Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, a senior HSBC banker in charge of sustainable investments said in remarks that drew criticism from climate activists.

UAE conglomerate e& said on Friday it will consider joint investments with Vodafone after buying a 9.8% stake in the British company last week, and is seeking to cooperate on procurement as well as research and development.

Japan's Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models.

Hindu extremists target Muslim sites in India, even Taj Mahal

China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.

Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products.

Nationwide Building Society said on Friday rocketing inflation could send British house prices into reverse, in one of the clearest warnings yet that the deepening cost of living crisis could bring the country's housing boom to an end.

German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms.

British retail sales jumped unexpectedly in April as shoppers loaded up on alcohol and tobacco, likely a blip in an otherwise bleak trend that has driven consumer confidence to all-time lows amid a worsening cost-of-living crunch.

JPMorgan Chase & Co plans to make further inroads in Germany by targeting more of the medium-sized firms that form the backbone of Europe's largest economy, executives at the U.S.

Luxury goods group Richemont struck a cautious note over growth in China after its full-year profit disappointed, sending its shares sharply lower and weighing on the sector.

Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia.

Milan on brink of historic title as thrilling season heads down to the wire

Woodside Petroleum has received strong interest from companies for a stake in the Scarborough natural gas project it is developing off Western Australia in the wake of the Ukraine conflict, Chief Executive Meg O'Neill said on Friday.

Ukraine war casts a chill in Norwegian Arctic town

Aptamil maker Danone SA has stepped up shipments of infant formula from Europe to the United States, according to U.S.

Aptamil maker Danone SA has stepped up shipments of infant formula from Europe to address a shortage in the United States, according to U.S customs data and an analysis of ocean cargo data by shipping consultancy Ocean Audit for Reuters.

ASML, a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger.

Russia says Mariupol battle at end as Ukrainian defenders surrender

Crown Resorts Ltd's shareholders approved a $6.3 billion buyout by Blackstone Inc on Friday, but the deal faces further delays as it awaits nods from the regulators of states where the troubled casino operator ran its businesses.

Shanghai reported new COVID-19 cases outside quarantined areas for the first time after five days of no infections, prompting stricter curbs in a district, but plans to end a prolonged city-wide lockdown on June 1 appeared to remain on track.

Shanghai announced its first new COVID-19 cases outside quarantined areas in five days on Friday, triggering stricter curbs and mass testing in one district but plans to end a prolonged city-wide lockdown on June 1 appeared on track.