IBT Staff Reporter

ECB signals rate hike as soon as July to combat inflation

Copper prices gained on Wednesday as slowing COVID-19 infections in top metals consumer China eased near-term demand concerns, even as enduring pandemic-related lockdowns weighed on sentiment.

Africa grapples with way forward on cybercrime

Volkswagen plans to reintroduce the Scout off-road brand in the United States offering new electric pick-up and sport-utility vehicles (SUVs), the German automaker confirmed.

Templeton Prize-winning physicist pushes back against anti-intellectualism

Russian diesel is trading at a steep discount to the fuel produced by other countries, traders said, creating a potentially lucrative two-tier market window for some ahead of a possible EU oil embargo on Moscow.

Turkish builders say new government schemes to support the real estate sector will boost home sales but that they fall short of addressing skyrocketing house prices that have surged nearly 100% annually.

Emirates airline said on Wednesday deliveries of Boeing 787 Dreamliners it has ordered are delayed by at least a year until 2024 and that it could be even longer due to the U.S.

Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were expectations they would benefit under the incoming administration.

Kirkenes, a Norwegian town a stone's throw from Russia, was for over three decades a symbol of cross-border harmony in the Arctic.

South Korea's new president opens Blue House to the public

Google, Meta and other online service providers will be required to find and remove online child pornography under proposed European Commission rules, a move some privacy groups say could put people's communications at risk.

Barely recovered from a two-year bout of COVID, emerging markets now face capital flight, inflation, and even debt defaults as the dollar's run to two-decade highs tightens the screws.

Brazilian President Jair Bolsonaro replaced his energy minister with a high-ranking Economy Ministry official on Wednesday in the latest sign of political turmoil over fuel-price hikes by state-run oil company Petrobras.

U.S. President Joe Biden on Wednesday blamed Russia's war on Ukraine for the latest spike in global food prices and visited a family farm in Illinois where he pledged to support the nation's farmers as they seek to fill the supply shortage.

China's censors scrambled to wipe out online debate over its zero-Covid strategy on Wednesday after the WHO criticized the country's hardline approach to crushing the virus.

Spain's transition to cleaner energy could bring more notable risks to sectors with higher CO2 emissions, such as transport, manufacturing and agriculture, though any impact on banks would be moderate in the short run, the Bank of Spain said.

President Joe Biden will host Southeast Asian leaders in Washington this week, seeking to show his administration remains focused on the Indo-Pacific and the long-term challenge of China despite the Ukraine crisis.

A quiet retirement for Philippines President Rodrigo Duterte is unlikely when he makes way for successor Ferdinand Marcos Jr., but efforts to put him on trial for thousands of killings in his "war on drugs" appear unlikely to prosper.

Arizona carried out its first execution since 2014 on Wednesday, putting to death a prisoner convicted of killing a student more than four decades ago, state prison officials said.

The volume of crude oil flowing on pipelines from the top U.S.

For the last 65 days Laura Hudson has been on a mission to leave China, navigating through all of its COVID restrictions to get back to the United States.

Tunisia will raise the prices of some foods including milk, eggs and poultry this week, the agriculture minister said, following protests by farmers against a jump in animal feed barley prices due to the war in Ukraine and an increase in energy costs.

Ukraine's economy is expected to contract by 45% this year, the country's Finance Minister Serhiy Marchenko said on Wednesday, adding his government was committed to servicing its debt in full.

On Monday morning, hundreds of supporters gathered at the prime minister's official residence in Sri Lanka's commercial capital of Colombo where they urged Mahinda Rajapaksa not to resign.

Euro zone government bond yields rose on Wednesday after data showing a bigger-than-expected rise in inflation last month in the United States.

Russian diplomat Sergiy Andreev was feeling unwelcome on the streets of Warsaw even before protesters doused him with red liquid thrown in his face at short range this week.

Zimbabwean farmers looking to cash in on a global boom in medicinal cannabis face a litany of costs and regulatory barriers, but growers like Munyaradzi Nyanungo are betting it will boost their fortunes after decades of economic decline.

Biggest white diamond ever auctioned fetches $21.9 million