IBT Staff Reporter

The global economy looks increasingly likely to be heading into a serious slowdown, just as the highest inflation in a generation prompts central banks to aggressively reverse the ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday.

Japan's baby hatch hospital offers mothers 'last resort'

Tunisia to vote on constitution seen as threat to democracy

The U.S. dollar slipped against a basket of currencies on Friday, after data showed U.S.

The euro continued its retreat from a more-than-two-week high as disappointing activity data from France and Germany pushed the single currency lower, a day after the European Central Bank highlighted the path for interest rates would be data dependent.

The euro continued its retreat on Friday from a more-than-two-week high as disappointing activity data from France and Germany pushed the single currency lower, a day after the European Central Bank raised interest rates for the first time since 2011.

The dollar rebounded strongly on Friday, but remained on track for its biggest weekly loss since late May after weak U.S.

The euro headed for its best week since May on Friday after the European Central Bank (ECB) raised borrowing costs more than expected overnight in its first rate hike since 2011.

For the first time in the Covid-19 era, both American Airlines and United Airlines reported profitable quarters without the benefit of government support programs.

South Korea's economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes up about half of the economy, a Reuters poll found.

Thursday's congressional committee hearing into the Jan.

Thursday's congressional committee hearing into the Jan.

Thursday's congressional committee hearing into the Jan.

U.S. crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the European Union said it would allow Russian state-owned companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week.

Brent crude prices were little changed in choppy trading on Friday after the European Union said it would allow Russian state-owned companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week.

Brent crude prices edged slightly higher in choppy trading on Friday after Russia said it will not supply crude to countries that decide to impose a price cap on its oil.

Oil prices edged up on Friday in choppy trading after Russia said it will not supply crude to countries that decide to impose a price cap on its oil.

Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.

Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a shadow on the market this week.

Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States, the world's top oil consumer, and a pick-up in supply from Libya.

US Capitol riot probe slams Trump inaction, urges accountability

The World Court on Friday rejected Myanmar's objections to a genocide case over its treatment of the Muslim Rohingya minority, paving the way for the case to be heard in full.

The World Court is expected to rule on Friday on Myanmar's objections to a genocide case over its treatment of the Muslim Rohingya minority, a decision that could pave the way for the case to be heard in full.

Japan's core consumer inflation remained above the central bank's 2% target for a third straight month in June, as the economy faced pressure from high global raw material prices that have pushed up the cost of the country's imports.

Sri Lankan security forces raided and partially cleared a protest camp occupying government grounds in Colombo early on Friday, fuelling fears that President Ranil Wickremesinghe had launched a crackdown a day after being sworn in.

Sri Lankan security forces raided a protest camp occupying government grounds in the main city of Colombo early on Friday and cleared out a section of it, a sign that the country's new president was cracking down a day after his swearing-in.

Sri Lankan security forces raided an anti-government protest camp in the commercial capital Colombo early on Friday, two protest organisers said, a sign that the country's new president was cracking down a day after his swearing-in.

Sri Lankan security forces raided an anti-government protest camp in the commercial capital Colombo early on Friday, two protest organisers said, a sign that the country's new president was cracking down a day after his swearing in.

Mexican breadmaker Grupo Bimbo on Thursday reported its second-quarter net profit doubled and the company raised its sales and operating earnings outlook, citing strong demand from regions including the United States and Europe.