IBT Staff Reporter

Pakistan's parliament on Monday elected Shehbaz Sharif prime minister after a week-long constitutional crisis that climaxed on Sunday when his predecessor Imran Khan lost a no-confidence vote.

More than 100 lawmakers loyal to Pakistan's ousted prime minister Imran Khan resigned on Monday, creating a headache for the new, Western-friendly incumbent Shehbaz Sharif as he tries to drag his country out of political and economic crisis.

More than 100 lawmakers loyal to Pakistan's ousted prime minister Imran Khan resigned on Monday, creating a headache for the new, Western-friendly incumbent Shehbaz Sharif as he tries to drag his country out of political and economic crisis.

Goldman Sachs has acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros ($1.9 billion) to expand its asset management footprint in Europe and increase its sustainable investment capabilities.

Austrian leader heads to Moscow as Ukraine prepares for eastern offensive

French bank Societe Generale said on Monday it would quit Russia and take a 3 billion euros ($3.3 billion) income hit from selling its Rosbank unit to Interros Capital, a firm linked to Russian oligarch Vladimir Potanin.

Sharif elected new Pakistan PM after Khan ouster

Gold prices slipped in range-bound trading on Monday as surging Treasury yields boosted the dollar and countered fresh concerns about the war in Ukraine, while palladium extended gains fuelled by London's decision to block trading of the metal from Russia.

Future in balance for German refinery fed on Russian oil

Ukraine crisis, inflation risks loom over ECB meeting

Thursday's European Central Bank meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from the war in Ukraine.

Senior officials at the European Commission were targeted last year with spy software designed by an Israeli surveillance firm, according to two EU officials and documentation reviewed by Reuters.

The Biden administration is selling a record amount of emergency oil from national reserves to tame soaring U.S.

Days after the March 9 bombing of a maternity and children's hospital in the Ukrainian city of Mariupol, comments claiming the attack never happened began flooding the queues of workers moderating Facebook and Instagram content on behalf of the apps' owner, Meta Platforms.

Chinese question-and-answer website Zhihu Inc opened its bookbuilding process on Monday to raise $133 million in a dual primary listing in Hong Kong, according to its regulatory filings and a term sheet seen by Reuters.

Houston, we have a problem!U.S. rocket companies are facing the daunting task of ferrying hundreds of satellites to space in the coming years as sanctions sideline the Russian space launch industry.

French President Emmanuel Macron will take his hunt for extra votes to the industrial heartlands of northern France on Monday, a blue-collar stronghold of his far-right rival Marine Le Pen who he will face in an April 24 presidential runoff vote.

Centrist President Emmanuel Macron took his hunt for more re-election support on Monday to France's former industrial heartland in the north, a blue-collar stronghold of far-right rival Marine Le Pen, who he will face in an April 24 runoff vote.

Centrist President Emmanuel Macron headed on Monday to a blue-collar stronghold of his far-right rival Marine Le Pen, saying her economic promises were a fantasy, in a bid to convince sceptical voters there and beyond to give him a second mandate.

Emmanuel Macron and Marine Le Pen traded blows at a distance on Monday over who would best protect French voters' purchasing power, kicking off a tense fight to win the presidential election runoff on April 24.

Tesla Inc Chief Executive Elon Musk disclosed on Monday he had abandoned a plan to join Twitter Inc's board just as his tenure was about to start, the latest move by the world's richest man that defied corporate America's norms.

China's financial centre of Shanghai started easing its lockdown in some areas on Monday despite reporting a record of more than 25,000 new COVID-19 infections, as authorities sought to get the city moving again after more than two weeks.

Ukraine's armed forces braced on Monday for a new Russian offensive as powerful explosions rocked cities in the south and east, while Austria's leader planned to meet Russian President Vladimir Putin and call for an end to the conflict.

Ukrainian troops have repulsed several Russian assaults in the country's east, the focus of a new offensive by the invading forces, British intelligence said on Monday, while President Volodymyr Zelenskiy said this week will be crucial to the course of the war.

Ukrainian troops have repulsed several Russian assaults in the country's east, British intelligence said on Monday, while President Volodymyr Zelenskiy said thousands of Russian soldiers were massing for a new offensive.

Ukrainian President Volodymyr Zelenskiy said on Monday thousands of Russian troops were massing for a new offensive in the east, and Russia said it would not halt its military operation in Ukraine for any further peace talks.

Ukraine said on Monday its forces were still holding out in the port of Mariupol, where Russia was renewing its assault in a siege believed to have killed thousands of trapped civilians.

Ukraine said on Monday it expected Russia to launch a huge new offensive soon, as Moscow shifts its focus to seizing territory in the east after its invasion force was driven from the gates of Kyiv this month.

Ukraine said on Monday it expects Russia to begin an offensive soon in the eastern Donbas region as Moscow shifts its focus to seizing territory there after its invasion force was driven from the gates of Kyiv this month.