IBT Staff Reporter

The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken.

Hunger pains on Slave Island as Sri Lanka's food prices rocket

Europe burns as heatwave breaks temperature records

North Korea is on the path to "finally defuse" a crisis stemming from its first acknowledged outbreak of COVID-19, the state news agency said on Monday, while Asian neighbours battle a fresh wave of infections driven by Omicron subvariants.

Global aviation's Farnborough airshow opens Monday amid a sweltering heatwave, with the sector aided by a modest recovery in air traffic and with Ukraine boosting defence budgets.

McIlroy forced to be patient as major drought goes on after Open agony

History-making Fraser-Pryce bags fifth 100m title, US win four crowns

Iran, Russia, Turkey presidents to talk Syria war in Tehran

New Zealand's consumer prices rose at their fastest pace in three decades, beating forecasts and raising the prospect of an unprecedented 75 basis point interest rate hike at the central bank's policy meeting next month.

Sri Lanka's acting President Ranil Wickremesinghe said on Monday that the country had almost concluded negotiations with the International Monetary Fund (IMF), a day after he declared a state of emergency in the island nation.

Sri Lanka's acting President Ranil Wickremesinghe gazetted orders late on Sunday for a state of emergency in the crisis-ridden island nation, in an effort to head off unrest ahead of a vote in parliament later this week to elect a new president.

Sri Lanka's acting President Ranil Wickremesinghe has declared a state of emergency, according to a government notice released late on Sunday, as his administration seeks to quell social unrest and tackle an economic crisis gripping the island nation.

Sri Lanka's acting President Ranil Wickremesinghe has declared a state of emergency, according to a government notice released late on Sunday, as his administration seeks to quell social unrest and tackle an economic crisis gripping the island nation.

Nearly five months after Moscow's invasion, Ukrainian President Volodymyr Zelenskiy suspended the country's security chief and top prosecutor, saying they failed to purge Russian spies from their organizations.

President Volodymyr Zelenskiy sidelined his childhood friend as head of Ukraine's security service and another close ally as top prosecutor in Kyiv's biggest internal purge of the war, citing their failure to root out Russian spies.

President Volodymyr Zelenskiy sidelined his childhood friend as head of Ukraine's security service, and another close ally as top prosecutor, in the biggest internal purge of the war, citing their failure to root out Russian spies.

Ukraine's President Volodymyr Zelenskiy sacked the head of the country's domestic security service and state prosecutor, citing hundreds of cases of alleged treason and collaboration with Russia, as Moscow appeared set to step up military operations.

Oil dispute sharpens Baghdad-Kurd tensions amid deadlock

The U.S. dollar eased against a basket of currencies on Monday, retreating from the two-decade high hit last week, as traders pared bets on how aggressive the Federal Reserve will be in raising rates at its meeting later this month.

The euro firmed to a one-week high on Monday, benefiting from the dollar's retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace.

The euro firmed to a one-week high on Monday, benefiting from the dollar's retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace.

The dollar began the week nudging down from multi-year highs, with a hotter-than-forecast inflation reading in New Zealand lending modest support to the kiwi, though fears about Europe's gas supply put a cap on dollar selling.

The dollar began the week nudging down from multi-year highs, with a hotter-than-forecast inflation reading in New Zealand lending modest support to the kiwi, though fears about Europe's gas supply put a cap on dollar selling.

US doctors embroiled in sudden legal uncertainty over abortions

Oil prices rose more than $5 on Monday, boosted by dollar weakness and expectations that the U.S.

Oil prices extended gains on Monday, boosted by mounting concerns over gas supply from Russia and a lower dollar, offsetting demand fears brought on by a possible recession and China lockdowns.

Oil prices extended gains on Monday, boosted by mounting concerns over gas supply from Russia and a lower dollar, offsetting demand fears brought on by a possible recession and China lockdowns.

Oil prices extended gains on Monday, boosted by a weaker dollar and tight supplies as concerns over gas supply from Russia mounted, offsetting demand fears brought on by a possible recession and China lockdowns.

Oil prices extended gains on Monday, boosted by a weaker dollar and tight supplies that offset concerns about a recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.