IBT Staff Reporter

Oil prices extended gains on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures.

Oil prices edged up on Wednesday on expectations that easing COVID-19 restrictions in China will push up demand and as industry data showed drawdowns in U.S crude inventories.

Oil prices rose on Wednesday on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew.

Oil prices were stable on Wednesday as supply concerns and expectations that easing COVID-19 restrictions in China will boost demand eased losses from the previous session.

Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S.

Tiger rips 'polarizing' Mickelson over LIV Golf

Pollution behind 1 in 6 global deaths in 2019: study

Japan's economy fell for the first time in two quarters in the first three months of the year as COVID-19 curbs hit the service sector and the Ukraine war and surging commodity prices created new headaches for consumers and businesses.

Japan's economy shrank for the first time in two quarters in the January-March period as COVID-19 curbs hit the service sector and surging commodity prices created new pressures, raising concerns about a protracted downturn.

Chicago Federal Reserve Bank President Charles Evans on Tuesday said he supports an initial burst of monetary policy tightening, and then a more "measured" pace of rate hikes to allow time to assess inflation and the impact of higher borrowing costs on the job market.

Chicago Federal Reserve Bank President Charles Evans said he supports moving to a shallower rate-hike path by July or September to allow the Fed time to assess inflation and the job market as it pushes borrowing costs up to neutral, and likely beyond.

Worsening outdoor air pollution and toxic lead poisoning have kept global deaths from environmental contamination at an estimated 9 million per year since 2015 - countering modest progress made in tackling pollution elsewhere, a team of scientists reported Tuesday.

Proxy advisory firm Glass Lewis on Tuesday recommended McDonald's Corp investors vote for the company's directors, dealing a setback to billionaire investor Carl Icahn's efforts to replace two directors.

The star portfolio manager at the centre of a fraud at the U.S.

The 'bots' at heart of Twitter buyout row

North Korean leader Kim Jong Un slammed his country's response to its first confirmed COVID-19 outbreak as immature, accusing government officials of inadequacies and inertia as fever cases swept the country, state media reported on Wednesday.

Mideast sandstorms snarl traffic, close schools, harm health

The U.S. Justice Department on Tuesday sued Steve Wynn, the former CEO of Wynn Resorts, to compel him to register as an agent of China and accused him of lobbying then-President Donald Trump at Beijing's behest in 2017.

Billionaire Elon Musk's SpaceX is poised to become the most valuable U.S.

A Michigan judge on Tuesday granted a temporary injunction to block the enforcement of a state abortion ban, which might have taken effect if the U.S.

Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter during the first quarter, putting them on course to reap big gains early in the second quarter when billionaire Elon Musk unveiled plans to buy the company.

More than 100,000 people officially missing in Mexico

Cubans in Havana on Tuesday celebrated the Biden administration's decision to ease Trump-era restrictions on remittances and travel to the island, a crack in the door that comes as its government wrestles with economic crisis and a mass exodus of its citizens to the United States.

Cuba?s vice foreign minister denounced the Biden administration's partial rollback of Trump-era restrictions on remittances and travel to the island, calling U.S.

Even as the Kremlin prepares to take full control of the ruins of Mariupol city, it faces the growing prospect of defeat in its bid to conquer all of Ukraine's eastern Donbas because its badly mauled forces lack the manpower for significant advances.

Even as the Kremlin prepares to take full control of the ruins of Mariupol city, it faces the growing prospect of defeat in its bid to conquer all of Ukraine's eastern Donbas because its badly mauled forces lack the manpower for significant advances.

Use of Pfizer Inc's COVID-19 oral antiviral treatment Paxlovid has jumped 315% over the past four weeks, the U.S.

Rising COVID-19 cases are driving up the use of therapeutics, with Pfizer Inc's oral antiviral treatment Paxlovid seeing a 315% jump over the past four weeks, U.S.

US consumers remain resilient even as prices rise