IBT Staff Reporter

Saudi Arabia is targeting a tenfold increase in international airline passengers transiting the kingdom by the end of the decade as it looks to triple annual passenger traffic, an official said.

Countries should pause or slow use of edible oil as biofuel to ensure adequate supply for use in food, a state-backed Malaysian palm oil group said on Monday, warning of a supply crisis following an Indonesian ban on palm oil exports.

US diplomats to return to Ukraine as Washington pledges $700m in military aid

Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia's invasion of Ukraine.

Beijing Covid spike prompts mass testing, panic buying

Japan's government will spend $48 billion to fund subsidies and other relief measures to cushion the economic blow from rising fuel and raw material prices, a document obtained by Reuters showed on Monday.

Japan's government will spend $48 billion to fund subsidies and other measures aimed at cushioning the economic blow from rising fuel and raw material prices caused by the war in Ukraine, a document obtained by Reuters showed on Monday.

Spanish challenge stands in way of Man City-Liverpool final showdown

A wave of COVID-19 lockdowns in Shanghai presents the biggest test yet for investors, trading companies and logistics managers trying to follow China's economy after the government restricted firms from releasing real-time data.

Pakistan has sought an increase in the size and duration of its $6 billion International Monetary Fund (IMF) programme, the country's Finance Minister, Miftah Ismail, said on Monday.

Gambian on trial in Germany over AFP reporter murder

Gold prices dipped on Monday to their lowest in more than two weeks, as bets for an increasingly aggressive and hawkish U.S.

Gold prices fell on Monday to their lowest in four weeks, as bets for an increasingly aggressive and hawkish U.S.

Gold prices slipped to their lowest in four weeks on Monday as prospects of aggressive policy tightening by the U.S.

Palladium prices fell nearly 13% on Monday as China's COVID-led lockdowns soured the demand outlook for the autocatalyst, while looming U.S.

Palladium prices fell nearly 13% on Monday as China's COVID-led lockdowns soured the demand outlook for the autocatalyst, while looming U.S.

Ex-businessman vows to restore Slovenia 'freedom' after poll win

U.S. Secretary of State Antony Blinken and Defence Secretary Lloyd Austin arrived in Kyiv late on Sunday and held talks President Volodymyr Zelenskiy, an aide to the Ukrainian leader said, as Russia's invasion entered a third month.

Making the first official U.S. visit to Ukraine since Russia invaded two months ago, Washington's top diplomat and its defense secretary pledged additional military aid, including advanced weapons, and a return of U.S.

The United States promised on Monday to reopen its embassy in Kyiv soon, as Defence Secretary Lloyd Austin and Secretary of State Antony Blinken visited Ukraine's capital and hailed its success so far against Russia's invasion.

The United States will reopen its embassy in Ukraine soon, its top diplomat said on Monday after he and the U.S.

The United States will reopen its embassy in Ukraine soon, its top diplomat said on Monday after he and the U.S.

The United States will reopen its Ukraine embassy, and President Joe Biden's top diplomat and most senior defense official promised more military aid while visiting Kyiv as Russia warned against arming its enemy and battles raged in the east.

Asian stocks fell the most in two weeks on Monday as concern about rapid U.S.

Asian stocks had their worst session in a month and a half on Monday as fears grew that Beijing was on the verge of joining Shanghai in lockdowns, while the dollar rose to a two-year high on the prospect of slower growth and higher interest rates.

Traders ditched riskier assets on Monday as relief over Emmanuel Macron's victory in the French presidential election quickly gave way to renewed concerns about rising global interest rates and China's spluttering economy.

Wall Street shares were mixed, European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising global interest rates and China's spluttering economy.

European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China's sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk.

Olympic status gives surfing a boost in Cuba