IBT Staff Reporter

Teva Pharmaceutical Industries on Wednesday forecast mid-single digit revenue growth over the next five years as it strives to move on from its high debt and an overhang from thousands of lawsuits over its alleged role in the U.S.

Teva Pharmaceutical Industries projected on Wednesday mid-single digit revenue growth over the next five years as it tries to move on from its high debt and an overhang from thousands of lawsuits over its alleged role in the U.S.

Two former Minneapolis police officers were sentenced on Wednesday on federal charges stemming from the murder of George Floyd, the Black man who was killed when their colleague Derek Chauvin kneeled on his neck during an arrest.

Two former Minneapolis police officers were sentenced on Wednesday on federal charges stemming from the murder of George Floyd, the Black man who was killed when their colleague Derek Chauvin kneeled on his neck during an arrest.

A former Minneapolis officer on Wednesday was sentenced to three years in prison on federal charges stemming from his role in George Floyd's murder, more than the punishment meted out to another policeman who also stood by while a senior officer, Derek Chauvin, killed the Black man.

Two former Minneapolis officers are due to be sentenced on Wednesday on federal charges stemming from their role in the 2020 death of George Floyd, an incident that sparked protests around the globe against police brutality and racism.

Spirit Airlines Inc canceled its $2.7 billion sale to Frontier Group Holdings Inc on Wednesday after Spirit shareholders balked at supporting it, leaving JetBlue Airways Corp with an opening to clinch a deal.

Spirit Airlines Inc cancelled its $2.7 billion sale to Frontier Group Holdings Inc on Wednesday after Spirit shareholders balked at supporting it, leaving JetBlue Airways Corp with an opening to clinch a deal.

Spirit Airlines Inc will go ahead with a vote on its sale to Frontier Group Holdings Inc on Wednesday, with its shareholders expected to shoot it down, according to people familiar with the matter.

France on course for driest July on record: weather office

Joint centre for Ukraine grain exports opens in Istanbul

Russian Foreign Minister Sergei Lavrov said on Wednesday that Moscow supported Ethiopia's efforts to stabilise its internal political situation in remarks that sought to draw a contrast with what he presented as meddling by the West.

French consumer goods company Danone's North America unit said on Wednesday it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the United States from Europe as a nationwide shortage persists, with another 550,000 cans on the way.

French consumer goods giant Danone's North America unit said on Wednesday it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the United States from Europe amid a nationwide shortage, with another 550,000 cans on the way.

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.

Russian anger after EU court upholds ban on RT

Iraq marked its longest post-election deadlock on Wednesday as infighting among Shi'ite and Kurdish groups in particular prevents the formation of a government, hampering reforms needed as the country struggles to recover from decades of conflict.

Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last.

Europe's largest consumer-focused firms are seeing no shortage of demand despite a cost-of-living crisis, prompting several to upgrade sales forecasts for the current year.

Boeing Co executives on Wednesday cut estimates for 737 MAX deliveries this year and warned that supply-chain constraints have capped its ability to ramp up jet production despite "significant" demand.

Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool demand for consumer electronics.

Microsoft Corp and Alphabet Inc results sparked a relief rally on Wednesday in heavyweight technology and growth shares as investors expressed confidence in Big Tech's ability to navigate a recession.

A strong outlook from Microsoft Corp and resilient Google ads sales from Alphabet sparked a relief rally on Wednesday in heavyweight technology and growth shares that have powered the stock market for the past decade.

The tech-heavy Nasdaq surged nearly 3% on Wednesday, leading Wall Street's main indexes higher, as upbeat quarterly reports from Microsoft and Alphabet lifted sentiment ahead of a key U.S.

Canada's leaders on Wednesday pointedly told Pope Francis of the horrors of Church-run residential schools for indigenous and the pontiff lamented that many were still living in poverty in one of the world's richest countries.

After arriving in Quebec, Pope Francis met on Wednesday with Canada's political leaders, a largely diplomatic pause from the main purpose of his trip - apologizing for the Church's role in running residential schools where abuse was rife.

Pope Francis landed in Quebec for meetings on Wednesday with Canada's political leadership, a largely diplomatic pause from the main purpose of his trip - apologizing for the Church's role in running residential schools where abuse was rife.

Pope Francis is on his way to Quebec for meetings on Wednesday with Canada's political leadership, a largely diplomatic pause from the main purpose of his trip - apologizing for the Church's role in running indigenous schools.

Pope Francis travels on Wednesday to Quebec for meetings with Canada's political leadership, a mostly political pause from the main purpose of his trip - apologizing for the Church's role in running indigenous schools.