IBT Staff Reporter

Verizon Communications Inc on Friday tempered its full-year forecasts for profit and wireless service revenue as its spends heavily on upgrading its network, while rising inflation stops customers from opting for newer or pricier plans.

Indonesian lawmakers on Friday approved the government's plan to top up Garuda Indonesia's capital by 7.5 trillion rupiah ($522.43 million) this year, once the carrier reaches a debt settlement with creditors, a government official said.

Indonesia will effectively ban palm oil exports from April 28, until further notice, after President Joko Widodo announced on Friday a halting of shipments of cooking oil and its raw material to control soaring domestic prices.

Indonesia will effectively ban palm oil exports from April 28, until further notice, after President Joko Widodo on Friday announced a halt of shipments of cooking oil and its raw material to control soaring domestic prices.

Indonesia, the world's top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation.

U.S. stocks were set to open lower on Friday after mixed earnings, while growth stocks cut some losses in a torrid week marked by surging bond yields as investors braced for higher interest rates.

U.S. stocks tumbled on Friday after some weak earnings reports, with growth shares coming under pressure in a torrid week that saw bond yields surge on expectations of interest rate hikes.

All three Wall Street benchmarks were more than 2% lower on Friday, stumbling towards the end of a week which has seen whipsaw moves caused by surprise earnings news and increased certainty around aggressive near-term interest rate rises.

Mexican officials are concerned the repeal of a measure adopted under the Trump administration to tighten the U.S.

Top oilfield services firm Schlumberger reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment.

Turkey's jailed rights defender makes final appeal before verdict

The seven countries of the East African Community (EAC) have agreed to set up a regional military force to try to end decades of bloodshed caused by militant activity in eastern Democratic Republic of Congo, Kenya said.

Ukrainian journalists carve out new niche in Germany

In April 2021, Russia's financial intelligence unit met in Moscow with the regional head of Binance, the world's largest crypto exchange.

Crunch time for Macron, Le Pen ahead of presidential vote

Kenya's former president Mwai Kibaki, who has died aged 90, ushered in economic reforms and a new constitution but failed to deliver on promises to combat graft and his tenure was marred by a disputed re-election which led to deadly violence.

Mwai Kibaki, who ushered in economic reforms and a new constitution but struggled to tackle widespread corruption as Kenya's third president from 2003-2013, has died aged 90.

Future Group's lenders have rejected a $3.4 billion sale of the Indian group's retail assets to Reliance Industries, banking sources said, adding to Future's struggles to pay off debt after it was hit hard by the COVID-19 pandemic.

Far from conflict in Ukraine, Muscovites try to go on as normal

Health authorities around the world are investigating a mysterious increase in severe cases of hepatitis - inflammation of the liver - in young children.

U.S. President Joe Biden marks Earth Day on Friday with a trip to lush but fire-prone Washington state and the signing of an executive order to protect old-growth forests.

U.S. President Joe Biden marked Earth Day on Friday with a speech promoting a new effort to protect old-growth forests as he visits the lush but fire-prone Washington state.

It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.

Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French government bonds and dent the euro, fund managers and economists told the Reuters Global Markets Forum.

India PM to hold first Kashmir public event since clampdown

Plans for Pope Francis to meet in June with Russian Orthodox Patriarch Kirill, who has backed Russia's war in Ukraine, have been suspended, the pope has told an Argentine newspaper.

Pope Francis has said he has dropped plans to meet in June with Russian Orthodox Patriarch Kirill, an ally of Russian President Vladimir Putin who has backed Moscow's war in Ukraine.

European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics say stymies their ability to present an honest view of the debate, sources said.

European shares closed at near one-month lows on Friday as a cocktail of negative factors from China's COVID lockdowns to worries about rapid interest rate hikes subdued sentiment globally.