IBT Staff Reporter

Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction that the world economy is headed inexorably towards recession.

A string of recent arms-trafficking scandals in Haiti, including the discovery of weapons in a shipping container labeled as church donations, has ignited anger over a steady flow of U.S.

Comcast Corp said on Thursday subscriber numbers in its broadband and streaming businesses in the second quarter remained steady, sending the shares of the media company down more than 9% in early trading.

Comcast Corp said on Thursday subscriber growth in its broadband and streaming businesses in the second quarter remained flat, sending the shares of the media company down about 6% in trading before the bell.

Comcast Corp's second quarter revenue beat Wall Street estimates on Thursday, lifted by the NBCUniversal media business and a continued recovery in theme park attendance and box office ticket sales.

As Ukraine hunts for traitors, the fear of Russian infiltration extends east, far from the capital.

Barclays joined a host of European banks feeling the pinch of a U.S.

Pope Francis on Thursday asked for forgiveness for sexual abuse at Canadian schools for indigenous children run by Catholic orders, addressing a deep wound that many survivors wanted him to acknowledge during his apology tour in Canada.

Pope Francis on Thursday said the Catholic Church felt "the burden of failure" for its role in running government-backed residential schools that tried to wipe out indigenous cultures and became places of abuse.

Pope Francis on Thursday said the Catholic Church felt "the burden of failure" for its role in the running of government-backed residential schools that tried to wipe out indigenous cultures and where many children were abused.

Pope Francis on Thursday visits two of the oldest Roman Catholic churches in North America as he winds up a trip to Canada centered on his apology for the Catholic Church's role in the country's notorious residential schools.

Pope Francis on Thursday visits two of the oldest Roman Catholic churches in North America as he winds up a trip to Canada centred on his apology for the Catholic Church's role in the country's notorious residential schools.

In energy-starved South Africa, whites-only town basks in solar power

Southwest Airlines Co on Thursday forecast higher costs and a slowdown in revenue, sending its shares lower after it posted all-time record earnings in the quarter through June.

Northrop Grumman Corp missed estimates for quarterly sales on Thursday, as sustained labor shortages and global supply chain issues dent deliveries for the U.S. weapons maker.

Northrop Grumman Corp reported a 3.8% fall in quarterly sales on Thursday, as sustained labor shortages and global supply chain issues dent deliveries for the U.S. weapons maker.

JetBlue Airways Corp on Thursday prevailed in a months' long bidding war for Spirit Airlines Inc after the ultra-low-cost carrier accepted its $3.8 billion buyout deal.

Cenovus Energy reported a near 11-fold surge in second-quarter profit on Thursday and boosted capital spending and production forecasts, but warned Canadian government plans to cap oil and gas emissions could lead to production being shut in.

U.S. seniors tell pollsters that high inflation is one of their top worries - and that makes sense.

Private-equity firm Carlyle Group Inc said on Thursday its second-quarter distributable earnings rose 34%, driven by asset sales that were completed even as markets nosedived.

Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world's largest digital asset, bitcoin, down more than 56% from this year's high.

As Europe braces for energy shortages from Russian gas cuts, Japan's own energy crisis a decade ago offers survival lessons to households and businesses - such as dimming the lights and taking the stairs.

China will try hard to achieve the best possible results for the economy this year, state media said on Thursday after a high-level meeting of the ruling Communist Party, dropping previous calls that it will strive to meet its 2022 growth target.

China will try hard to achieve the best possible results for the economy this year, state media said on Thursday after a high-level meeting of the ruling Communist Party, dropping previous calls that it will strive to meet its 2022 growth target.

Asian companies will slow investment sharply this year, deterred by soaring interest rates and fears of deepening recession, and budgets will on average fall next year, the first contraction since 2015, data showed.

Mayor of Kharkiv says nowhere in Ukraine's second city 'safe'

Andras Eordogh admiringly watches his dozen foals as they frolic and kick up dust on his farm in the scorching summer heat and laments that he will have to sell most of them because of the changing climate in this rural southeast corner of Hungary.

At least 17 people have been killed and dozens wounded in the Syrian province of Sweida in clashes between armed residents and gangs aligned with state security agencies, activists and local media said on Thursday.

At least 17 people have been killed and dozens wounded in the southern Syrian province of Sweida in clashes in between armed residents and gangs aligned with the security agencies, activists and local media said on Thursday.