IBT Staff Reporter

The euro rebounded on Thursday, rising back toward a two-week high to the dollar, as investors braced for the European Central Bank's first interest-rate increase since 2011 and the scheduled reopening of a key Russian gas pipeline later in the day.

The euro hung below a two-week high to the dollar as investors braced for the European Central Bank's first interest rate increase since 2011 and the scheduled reopening of a key Russian gas pipeline later in the day.

End of the line: Fed-up Sri Lankans rush for passports

Microsoft Corp's MS Teams was back up for most users, the company said on Thursday, after an hours-long outage that disrupted the chat application for tens of thousands of customers globally.

Russia and Ukraine will sign a deal on Friday to reopen Ukraine's Black Sea ports, Turkey said, a potential breakthrough that could ease the threat of hunger facing millions around the world as a consequence of Russia's invasion.

Russia and Ukraine will sign a deal on Friday to reopen Ukraine's blockaded Black Sea ports, Turkey said, a potential breakthrough that could ease the threat of hunger facing millions around the world as a consequence of Russia's invasion.

Russia reopened its biggest gas pipeline to Germany at less than half normal capacity on Thursday after a maintenance shutdown, raising worries of European energy shortages to come, while in Ukraine shells smashed into a market, killing three people.

Russia reopened its biggest gas pipeline to Germany at less than half normal capacity on Thursday after a maintenance shutdown, raising worries of European energy shortages to come, while in Ukraine shells smashed into a market, killing three people.

Russia resumed gas supplies through its biggest pipeline to Europe but Germany said it was not enough to rule out potential shortages, while in Ukraine, Russian forces were reported to be close to seizing the country's second biggest power plant.

Russian gas began flowing to Europe via a major pipeline on Thursday after a 10-day pause but fears of broader supply cuts remained and Russian forces in Ukraine were seen eyeing the capture of the country's second biggest power plant.

'Private rebellion': Hong Kong's anglophone poets gain recognition abroad

Alarm bells as US abortion ruling fuels rush on morning-after pill

China's southern megacity of Shenzhen vowed to "mobilise all resources" to curb a slowly spreading COVID-19 outbreak, ordering strict implementation of testing and temperature checks, and lockdowns for COVID-affected buildings.

Contract workers on strike at Daewoo Shipbuilding & Marine Engineering's (DSME) main shipyard are willing to accept a proposed wage increase if the company drops plans to seek damages, union officials told Reuters on Thursday.

Contract shipyard workers striking at Daewoo Shipbuilding & Marine Engineering (DSME) are willing to end their strike and accept a wage increase offered by the company if lawsuits seeking damages from the strikers are dropped, a union official representing the strikers told Reuters on Thursday.

South Korean President Yoon Suk-yeol on Thursday urged contract shipyard workers at Daewoo Shipbuilding & Marine Engineering (DSME) to end their action as negotiations stalled amid disputes over wages and compensation for damages.

Ukraine athletes hoping to offer 'positive emotions' for besieged compatriots

Semenya falls well short in bold bid at world 5000m

ADB slashes Asia growth forecast as fuel, food prices rise

Oil prices fell more than $3 a barrel on Thursday on higher U.S.

Oil prices fell by more than $5 on Thursday on higher U.S.

Oil prices fell by more than $5 on Thursday after higher U.S.

Oil prices fell more than $3 on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns.

Oil prices fell for a second session on Thursday after higher U.S.

Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after U.S.

The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornly-high inflation as the likelihood of a recession over the next year rises to 40%, a Reuters poll of economists found.

The Asian Development Bank (ADB) on Thursday slashed its growth forecasts for developing Asia for this year and next, reflecting the economic fallout from Russia's war in Ukraine and aggressive tightening by global central banks to tame inflation.

Japan ran a trade deficit for the 11th straight month in June as high energy and other commodity costs pushed up imports, highlighting growing economic pressures from a sharply declining yen and global inflation.

A century-old racial injustice was righted on Wednesday when the deed to Los Angeles County beachfront property that had been taken from an African-American couple was ceremoniously returned to their heirs.