IBT Staff Reporter

The Japanese yen's rise against the U.S. dollar since mid-July is a temporary shift, nearly two-thirds of currency strategists in a Reuters poll said, despite looming uncertainties over the global economy that have curbed the U.S.

The Japanese yen's rise against the U.S. dollar since mid-July is a temporary shift, nearly two-thirds of currency strategists in a Reuters poll said, despite looming uncertainties over the global economy that have curbed the U.S.

The International Cricket Council (ICC) will make a presentation to the Los Angeles Olympics organisers later this month in its bid for the sport to return to the Games after a gap of 128 years, sources told Reuters.

Italy approved on Thursday a new aid package worth around 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and rising consumer prices.

Italy plans to approve on Thursday a new aid package worth around 14.3 billion euros ($14.5 billion) to help shield firms and families from surging energy costs and consumer prices, government officials said.

European shares eked out gains on Thursday as some strong quarterly results lent support, while Britain's FTSE 100 underperformed peers after the UK central bank lifted interest rates by the most since 1995.

European shares rose on Thursday following strong results from a slew of companies, with focus squarely on Britain's central bank that is expected to lift interest rates by the most since 1995.

Ukraine is facing a worsening health emergency as the conflict with Russia rages on, the World Health Organization said, with a combination of burnt-out staff, increased shelling and the approach of winter fuelling the agency's concerns.

Chinese chipmaker Yangtze Memory Technologies Co Ltd (YMTC) on Wednesday announced new memory chip technology that would help it catch up with rivals Micron and SK Hynix, just as Washington considers steeper curbs on Chinese semiconductor companies.

East Africa's economic powerhouse will hold elections on Aug.

Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending.

Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to enforce a $15 billion arbitration award in a dispute over a colonial-era land deal.

Shareholders in Glencore reaped a multi-billion dollar windfall on Thursday, as the company's adherence to thermal coal mining at a time of soaring prices of the material generated record profits for the mining and commodity trading group.

Miner and trader Glencore said on Thursday it would return an additional $4.5 billion to investors, including a share buyback of $3 billion, after reporting a record half-yearly profit mostly due to high coal prices.

As Japan faces its first major battle with inflation in decades, Prime Minister Fumio Kishida is extending a rare olive branch to labour unions, who he sees as crucial to his wider push to boost household wealth.

Great Barrier Reef sees fragile coral comeback

Russia's ambassador to Japan paid his respects at a memorial in Hiroshima on Thursday saying he wanted to highlight Russia's efforts to reduce nuclear arms and criticising a decision not to invite him to a commemoration on Saturday, media reported.

Overseas investors turned net sellers of Chinese stocks in July, as mainland stock prices tumbled on concerns that COVID-19 flare-ups and ensuing lockdowns would further disrupt economic activity.

A stone's throw from Taiwan, beachgoers aren't worried about war

Satellite company SES's Paris-listed shares slumped as much as 10% on Thursday after the Financial Times reported it was in talks with U.S. rival Intelsat about a possible merger.

Satellite company SES's CEO reiterated on Thursday he saw industry consolidation as a good thing for the highly competitive market, but would not comment on merger rumours after the group posted stronger-than-expected half-year earnings.

The Taliban on Thursday said the government had no information about al Qaeda leader Ayman al-Zawahiri "entering and living" in capital city Kabul and warned the United States to never repeat an attack on Afghan soil.

The Taliban are investigating a U.S. "claim" that al Qaeda leader Ayman al-Zawahiri was killed in a U.S.

Germany's Lufthansa said on Thursday it expected demand for short-haul flights in Europe to drive growth at its passenger airlines this year, forecasting a return to group operating profit for the full year, pushing its shares higher.

China's Taiwan war games threaten more global supply chain disruption

Toyota Motor Corp's profit slumped a worse-than-expected 42% in its first quarter as the Japanese automaker was squeezed between supply constraints and rising costs.

North Korea warned it will "never tolerate" the United States' criticism of the isolated country's nuclear programme, calling Washington the "kingpin of nuclear proliferation" and saying it would not allow any encroachment of its sovereign rights.

In South Korea, Pelosi set to visit heavily fortified DMZ

Japan must prepare for the time the central bank abandons its 0% cap on long-term interest rates and when private investors become the dominant player in the government bond market, said a finance ministry executive overseeing debt issuance.