IBT Staff Reporter

President Joe Biden tried to soothe Americans' worries about the strength of the economy on Thursday, after new data showed it had contracted for two quarters in a row.

President Joe Biden worked on Thursday to soothe voters' angst about the state of the U.S.

Spain's leftist ruling coalition introduced a draft bill on Thursday to create a temporary tax on banks and power utilities, aiming to raise 7 billion euros ($7 billion) by 2024 to fund measures to ease cost of living pressures.

Bhutan is considering several steps to contain adverse impacts on the economy following a fall in foreign exchange reserves, its economic affairs minister said on Thursday, after the government warned residents about possible curbs on imports.

The German government's hard line on Russia over the Ukraine war is coming under pressure at home amid growing worries about the resulting soaring energy prices and possible gas shortages in Europe's largest economy when winter comes.

The U.S. House of Representatives plans to give final passage on Thursday to sweeping legislation to boost the U.S.

U.S. chip manufacturer SkyWater Technology Inc and Alphabet Inc's Google Public Sector announced on Thursday they are expanding an open source platform to design chips that can be made in SkyWater's Minnesota facility.

Stiff competition from TikTok and Apple Inc's privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc in the near term, Wall Street analysts said.

Stiff competition from TikTok and Apple Inc's privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc in the near term, Wall Street analysts said.

Hungarian Prime Minister Viktor Orban stuck to his anti-immigration stance on Thursday but insisted it was not rooted in racism after his recent remarks that Hungarians did not want to become "peoples of mixed race" drew fire at home and abroad.

Major aerospace companies are sounding the alarm on their supply chains as shortages ranging from raw materials to castings or semiconductor chips pressure earnings and crimp the industry's ability to capitalize on roaring travel demand.

Cruise operator Royal Caribbean Group on Thursday reported a smaller-than-expected quarterly loss as bookings rebounded and travelers splurged on cabanas, spa treatments and watches while onboard.

Mastercard Inc warned on Thursday that runaway inflation was sapping spending from lower-income customers, after rounding out a strong quarter for card issuers.

Ukraine appointed experienced investigator Oleksandr Klymenko as the head of its Specialised Anti-Corruption Prosecutor's Office on Thursday, answering a European Union request as it seeks EU membership.

Ukraine confirmed experienced investigator Oleksandr Klymenko as the head of its Specialised Anti-Corruption Prosecutor's Office on Thursday, responding to a European Union request as it seeks EU membership.

Financial markets are too optimistic on the outlook for European earnings, given growing recession risks exacerbated by an energy crisis, BlackRock Investment Institute's global chief investment strategist said on Thursday.

India, which is trying to expand its influence in crisis-hit Sri Lanka after China made deep inroads there, said on Thursday it was aware of reports about the planned visit of a Chinese vessel to a Sri Lankan port built with money from Beijing.

India, which is trying to expand its influence in Sri Lanka amid the island's economic troubles and is worried that China is also making inroads, said on Thursday it was aware of reports about the planned visit of a Chinese vessel to Sri Lanka's Hambantota port, which was built with money from Beijing.

Biden, Xi agree to hold face-to-face summit

French President Emmanuel Macron was hosting Saudi Crown Prince Mohammed bin Salman on Thursday as part of increased Western efforts to court the major oil-producing state amid the war in Ukraine and faltering talks to revive a nuclear deal with Iran.

Canada's main stock index rose on Thursday to its highest level in more than six weeks as investors cheered corporate earnings results, shrugging off data that showed the U.S.

Canada's main stock index slipped on Thursday following a mixed bag of results, while gloomy forecasts by U.S.

Germany is set to impose a levy on all gas consumers from Oct. 1 aimed at helping suppliers struggling with soaring gas import prices, a draft law showed on Thursday.

Europe's biggest hotel group Accor's shares sank more than 9% on Thursday after giving a disappointing 2022 profit outlook that overshadowed a big jump in half-year revenue.

Europe's biggest hotel group Accor's shares shed 7% on Thursday after a disappointing 2022 profit outlook overshadowed a big jump in half-year revenue.

Wall Street's major indexes reversed course to gain in early afternoon trading on Thursday, as a contraction in the U.S.

U.S. stock indexes fell on Thursday weighed down by gloomy forecasts from Meta and Qualcomm, while an early reading showed the U.S.

Wall Street's main indexes were set to open lower on Thursday following gloomy forecasts from Meta and Qualcomm, while an early reading which showed the U.S.

Harley-Davidson Inc. reported a rise in profit in the second quarter on Thursday, beating analyst estimates and sending shares up nearly 7% despite a two-week production shutdown that suspended bike shipments in mid-May.