IBT Staff Reporter

The worst post-war result for Chancellor Olaf Scholz's Social Democrats in a traditional party stronghold heaps pressure on him to show more decisive leadership over the Ukraine crisis and Germans' concerns about soaring costs of living.

Jerusalem archbishop condemns police raid at journalist's funeral

Bank of England Governor Andrew Bailey said on Monday that the current surge in inflation was the central bank's biggest challenge since it gained independence in 1997, but denied that policymakers had been "asleep at the wheel".

U.S. President Joe Biden has authorized the redeployment of fewer than 500 American troops into Somalia, U.S.

U.S. President Joe Biden has authorized the redeployment of fewer than 500 American troops into Somalia, U.S.

SMBC Aviation Capital agreed on Monday to buy smaller rival Goshawk Aviation for an enterprise value of $6.7 billion in a deal it said would make it the world's second largest aircraft lessor by number of aircraft.

A sell-off in U.S. stocks and bonds will likely dry up during the summer months as the Federal Reserve whittles down its nearly $9 trillion balance sheet, said Rick Rieder, chief investment officer of global fixed income at Blackrock, the world's largest asset manager.

Hungarian Prime Minister Viktor Orban on Monday raised the spectre of an "era of recession" in Europe as the continent grapples with surging energy costs and rising inflation due to the war in Ukraine.

Being long dollars will no doubt become an overcrowded trade at some point and a reversal will ensue, but for hedge funds right now, there is no alternative.

Ukraine's Kalush Orchestra returned to their homeland on Monday after an emotional Eurovision Song Contest victory, greeted at the border with Poland by servicemen and women whose cause the band had championed in Turin.

French President Emmanuel Macron picked Labour Minister Elisabeth Borne as his new prime minister on Monday as he prepares for legislative elections in June - only the second time in 30 years that a woman has got the job.

Pakistani police arrested a would-be suicide bomber who planned to blow herself up near a convoy of Chinese nationals along the China Pakistan Economic-Corridor (CPEC), a police statement said.

Chevron Corp's Gorgon carbon capture and storage (CCS) project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe for delivering on targets it has so far failed to meet, a senior executive said.

Latvia's interior minister resigned on Monday under pressure from the ruling coalition which criticized the police for failing to ban the country's Russian speakers from commemorating earlier this month the Soviet Union's victory in World War Two.

Macron names first French female PM in three decades

Cuban couple's exile reflects disillusioned generation

Kenya's top two presidential candidates have announced their running mates, with veteran contender Raila Odinga opting for a champion of women's rights and social justice and his rival William Ruto choosing a skilled political campaigner.

US, EU team up on chip making and Russia disinformation

A court in north India on Monday ordered authorities to limit large Muslim prayer gatherings in the historic Gyanvapi mosque after a survey team found relics of the Hindu god Shiva and other Hindu symbols there, lawyers involved in the case said.

A court on Monday banned large Muslim prayer gatherings in one of north India's highest-profile mosques, after a survey team found relics of the Hindu god Shiva and other Hindu symbols there, a lawyer involved in the case said.

Kamala Harris leads high-level US team to meet new UAE leader

Sri Lanka's new PM wins support for 'economic war cabinet'

Saudi expects 13 million bpd oil capacity by 2027: minister

Wall Street's main indexes fell on Monday as downbeat China data added to worries about a global economic slowdown against the backdrop of aggressive policy tightening by the U.S.

Wall Street was mixed on Monday, with energy stocks rallying and Tesla and other growth stocks losing ground as downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.

Wall Street ended lower on Monday, with energy stocks rallying and Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.

The S&P 500 ended lower on Monday, with Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.

Wheat prices hit record high after Indian export ban

Greenpeace protesters have blocked the entry of a Greek tanker into a southern English port due to its Russian fuel cargo with police making arrests, the green group said on Monday, drawing condemnation from the British government.