IBT Staff Reporter

Portuguese prosecutors said on Thursday they have launched 10 inquiries into alleged child sexual abuse by Catholic Church clergy, the first such move since a commission was created seven months ago to investigate accusations.

Coffee shop sales in the United States have not fully recovered from a deep slump early in the COVID-19 pandemic, because most customers are still working from home for at least a third of their work time, a research publication from the Bank of America Institute showed on Thursday.

A Syrian ship under U.S. sanctions has docked in the northern Lebanese port of Tripoli carrying barley and wheat that the Ukrainian embassy in Beirut told Reuters on Thursday had been plundered by Russia from Ukrainian stores.

Three former JPMorgan Chase & Co employees began delivering their final defense against conspiracy and racketeering charges on Thursday, with an attorney telling jurors that ex-traders who cooperated in the case should not be trusted.

A U.S. prosecutor urged a jury to convict three former JPMorgan Chase & Co employees on conspiracy and racketeering charges on Thursday, saying they engaged in a yearslong scheme to manipulate the market for precious metals futures.

L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's Chief Executive Officer Nicolas Hieronimus told Reuters on Thursday.

Flooding in eastern Kentucky has caused at least eight deaths, Governor Andy Beshear said on Thursday, and the death toll is expected to reach double digits as water continues to rise.

Flooding in eastern Kentucky has caused at least three deaths, Governor Andy Beshear said on Thursday, and the death toll may reach double digits as water continues to rise.

The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, a victory for President Joe Biden and his fellow Democrats hoping to keep their slim majority in Congress in November midterm elections.

The U.S. House of Representatives is set to pass sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, despite a late decision by some Republicans to pull their support.

Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID-19 lockdowns, as the make-up market rebounds.

A secondary listing in Milan is a possibility, but not a priority for Hong Kong-listed Italian luxury group Prada, its chairman said on Thursday, adding no decision had been taken on the issue.

Deadly Russian strikes target military bases in central Ukraine

Few members of the governing Conservative Party supported foreign secretary Liz Truss when the leadership contest began this month, but now there's a sense of inevitability that she will become Britain's next prime minister.

New York on Thursday sued CVS Health Corp for allegedly forcing hospitals that serve low-income patients to pay millions of dollars to access discounted prescription drugs, violating state antitrust law.

The head of the U.S. Environmental Protection Agency pledged to combat environmental injustice in the U.S.

Investors should get ready for a bumpier ride as markets adjust to prolonged inflation, hefty interest rate rises and a fall in the euro to parity with the dollar, Euronext chief executive Stephane Boujnah said on Thursday.

Mohamed Abu Khodr had been waiting for hours outside a Beirut bakery in hopes of buying two bags of subsidised bread he needs to feed his family.

Brazilian airline Gol Linhas Aereas Inteligentes SA on Thursday reported a steep second-quarter net loss mainly due to foreign exchange variations, sending its shares down even as its net revenue more than tripled over the same period of 2021.

Legalizing mining on indigenous land and other protected areas in Brazil's Amazon rainforest would lead to thousands of square kilometers in new deforestation, according to a study published on Thursday.

The Bank of Japan could target a more flexible monetary policy after the departure of dovish Governor Haruhiko Kuroda next April, former BOJ policy board member Takahide Kiuchi said on Thursday.

U.S. Senate Democrats aim to dodge "booby traps" including COVID and surprises from within their own ranks to pass a $430 billion drugs and climate change bill agreed to by Majority Leader Chuck Schumer and maverick Democratic Senator Joe Manchin after months of talks.

Indigenous activists unfurled a banner demanding Pope Francis rescind 15th-century papal edicts justifying colonialism at a Mass he presided over Thursday, thrusting the doctrine to the forefront of his apology tour of Canada.

The U.S. Justice Department is investigating a cyber breach involving the federal court records management system, the department's top national security attorney told lawmakers on Thursday.

The U.S. Justice Department is investigating a cyber breach involving the federal court records management system, the department's top national security attorney told lawmakers on Thursday.

The United States is optimistic that there could be some positive announcement when OPEC+ meets next week, a senior administration official said on Thursday, adding that additional oil supplies would help further stabilise the market.

British drugmaker GSK has struck a deal to allow low-cost generic versions of its long-acting HIV preventive medicine to be used in the developing world, including sub-Saharan Africa where the virus remains a leading cause of death.

Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating profit forecast, even as it boosted prices to offset surging energy costs.

OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for more supply, although a modest output increase is also likely to be discussed, eight sources said.