IBT Staff Reporter

The Bank of Canada will raise its overnight interest rate by 50 basis points at its next policy meeting on April 13, according to a majority of economists polled by Reuters, who also sharply raised their inflation forecasts for this year.

Italy has slashed its growth estimate for this year as the war in Ukraine weighs on the economy, while confirming a previous budget deficit target of 5.6% of national output, according to a draft government document seen by Reuters.

China's top European business group warned on Wednesday that its "zero-COVID" strategy was harming the attractiveness of Shanghai as a financial hub, echoing analysts voicing caution over the mounting economic toll of the country's coronavirus curbs.

JetBlue Airways Corp on Wednesday mounted a vigorous defense of its unsolicited $3.6 billion bid to acquire ultra-low-cost carrier Spirit Airlines, saying the company is "highly confident" of securing regulatory approval for the deal.

JetBlue Airways Corp on Wednesday mounted a vigorous defense of its unsolicited $3.6 billion bid to acquire ultra-low-cost carrier Spirit Airlines, saying the company is "highly confident" of securing regulatory approval for the deal.

Good times: Luxury watchmakers face soaring demand

The United States and its allies will target Russian banks and officials with a "sweeping package" of sanctions on Wednesday and ban new investment in Russia, the White House said, after Washington and Kyiv accused Moscow of committing war crimes in Ukraine.

The United States targeted Russian banks and elites with a new package of sanctions on Wednesday that includes banning any American from investing in Russia, after Washington and Kyiv accused Moscow of committing war crimes in Ukraine.

The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as "major war crimes" by Russian forces in Ukraine.

The United States targeted Russian banks and elites with a new round of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as "major war crimes" by Russian forces in Ukraine.

Wedding guests should prepare for a few surprises at this year's post-pandemic U.S. nuptials as people discard their sweatpants for sheer layering and body-hugging dresses.

Asset managers Blackrock Inc. and Ashmore Group Plc.

Health worker Josiane Comtesse is almost certain she will vote for President Emmanuel Macron in Sunday's presidential election, but then she reflects on his plan to make the French work longer and her perception that he is arrogant and she thinks again.

Another 35,000 flee Ukraine in 24 hours: UN

European investor campaign group Better Finance said on Wednesday it has set up a foundation to help 30,000 investors recover the 1.5 billion euros ($1.6 billion) they lost when German payments company Wirecard collapsed in 2020.

When a little known far-right politician called Vladimir Zhirinovsky claimed third place behind Boris Yeltsin in Russia's 1991 presidential election, it looked like a flash in the pan.

European buyers are increasing shipments of coal from across the globe against a backdrop of a proposed European Union ban on Russian imports and the scramble to relieve tight gas supplies, according to data and shipping sources.

The Nasdaq slumped 2% on Wednesday as tech stocks extended their selloff for a second straight day on mounting concerns over aggressive actions by the Federal Reserve to fight inflation, with minutes from the central bank's March meeting on tap.

The Nasdaq slumped 2% on Wednesday as tech stocks extended their sell-off for a second straight day on mounting concerns over aggressive actions by the Federal Reserve to fight inflation, with minutes from the central bank's March meeting on tap.

The benchmark S&P 500 fell on Wednesday, with steep declines in tech and other growth stocks, after minutes from the Federal Reserve's March meeting sharpened investors' focus on the U.S.

Wall Street's main indexes fell on Wednesday, with steep declines in tech and other growth stocks, after minutes from the Federal Reserve's March meeting sharpened investors' focus on the U.S.

Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social media company's largest shareholder.

China's state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing's call for caution as western sanctions mount against Russia over its invasion of Ukraine, six people told Reuters.

China's state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep discounts, heeding Beijing's call for caution as western sanctions mount against Russia over its invasion of Ukraine, six people told Reuters.

Burkina Faso's former president Blaise Compaore was sentenced to life imprisonment for complicity in the 1987 murder of his predecessor Thomas Sankara in a coup, a military tribunal ruled on Wednesday.

Burkina Faso's former president Blaise Compaore was sentenced in absentia to life imprisonment for complicity in the 1987 murder of his predecessor Thomas Sankara in a coup, a military tribunal ruled on Wednesday.

Hong Kong's deputy leader, former police officer John Lee, announced on Wednesday that he plans to run for the city's top job, which could see Beijing signing off on the first security official to run the global financial hub.

Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow's demand for payment in the currency.

For nearly two decades, Abe Sandquist has used every marketing tool he can think of to sell the back end of a cow.