IBT Staff Reporter

Harley Davidson Inc's two-week production shutdown beginning May 19 that expanded the motorcycle maker's order backlog has increased the likelihood of the manufacturer revising its full-year outlook, analysts said.

Greek firefighters battle inferno 'disaster' at natural park

U.S. chipmaker Intel Corp said on Monday it will produce chips for Taiwan's MediaTek Inc, one of the world's largest chip design firms.

European Union countries are seeking to soften the bloc's plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas supplier Russia.

Britain's state-run National Health Service (NHS) is facing its worst ever staffing crisis with thousands of vacancies and the government has no credible strategy to address the problem, a committee of lawmakers said in a report published on Monday.

A sudden crash in global gasoline prices in the past two weeks has dented refiners' profits, pushing up inventories in key trading hubs around the world while looming exports from China and India also add to pressure on growing stockpiles.

Most Kenyan candidates find their way into politics by navigating the corridors of power in one of the country's big established parties.

Simple wooden structures padded with coconut tree fronds are helping residents of Diogue island in southern Senegal to win back stretches of sandy beach from the Atlantic swells that threaten much of the West African coast.

The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government's foreign exchange policy in the face of surging inflation and fears of global recession.

Japan's government slashed its economic growth forecast for this fiscal year largely due to slowing overseas demand, highlighting the impact of Russia's war in Ukraine, China's strict COVID-19 lockdowns and a weakening global economy.

A pioneering drone lifeguard service rolled out across Spanish beaches saved the life of a 14-year-old boy this month as he struggled against a powerful tide off a beach in Valencia, its operators have said.

Philippine President Ferdinand Marcos Jr on Monday outlined ambitious plans for his six-year term in office that focus on fiscal management, infrastructure upgrades and turning the long-neglected farm sector into an engine of growth.

Philippine President Ferdinand Marcos Jr on Monday promised tax reforms, a faster infrastructure upgrade and to turn his country into an investment destination, while pledging to transform agriculture to drive growth and reduce reliance on food imports.

Philippine President Ferdinand Marcos Jr pledged on Monday to overhaul his country's tax system and make it a destination for investment and tourism, promising also a big agriculture overhaul to boost output and reduce its heavy import reliance.

The Reserve Bank of India (RBI) is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said on Monday.

Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world's largest tech companies.

Rishi Sunak on Sunday promised to get tough on China if he becomes Britain's next prime minister, calling the Asian superpower the "number one threat" to domestic and global security.

China Evergrande Group, the world's most indebted developer, is expected to announce this week a debt restructuring plan that will not only determine its future but also indicate how Beijing plans to overcome a deepening property sector crisis.

Indonesia's central bank said a plan to sell billions of dollars worth of bonds bought during the pandemic would be conducted carefully, after analysts warned the move could spark debt outflows and complicate an agreement with fiscal authorities.

Futures contracts tied to the Federal Reserve's policy rate showed on Monday that benchmark U.S.

French satellite company Eutelsat said it was in talks over a possible all-share merger with British rival OneWeb, which could help both companies challenge the likes of Elon Musk-owned SpaceX's Starlink and Amazon.com's Project Kuiper.

Record-breaking Duplantis soars at Eugene worlds

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.

New Zealand Prime Minister Jacinda Ardern said on Monday that there were early signs that new COVID-19 cases were falling, even as hospitalisations jumped to their highest level since March.

The Indian rupee rose to its highest in more than a week on Monday afternoon tracking broad losses in the dollar, while bond yields edged down, mirroring the move in their U.S.

Russia will further cut gas supplies to Europe in a blow to countries that have supported Kyiv just as there was hope on Monday that Ukraine's blocked grain exports would resume this week.

Russia dealt a new blow to European countries over their support for Ukraine on Monday, saying it would further cut gas supplies through its single biggest gas link to Germany.

Russia's Gazprom is set to cut supplies further through its single biggest gas link to Germany, crushing hopes a deal over grain supplies would lessen the economic impact of the Ukraine war.

Ukraine said on Monday it hoped a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from the Black Sea region would start to be implemented this week.