IBT Staff Reporter

Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.

Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, while indications that the U.S.

Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains.

Oil prices rose in early Asian trading on Friday amid uncertainty around how aggressive the U.S. Federal Reserve will be in hiking interest rates to combat rampant inflation.

Around 25 million children around the world missed out on routine vaccinations last year that protect against life-threatening diseases, as the knock-on effects of the pandemic continue to disrupt health care globally.

The U.S. Secret Service deleted text messages from Jan.

The U.S. Secret Service deleted text messages from Jan.

A Ukrainian city far from the frontline grieved its dead from a missile strike, including a 4-year-old girl, as Russian bombardment rained down on towns across the country.

A Ukrainian city far from the frontline grieved its dead including a 4-year-old girl with Down's Syndrome, while Russian missiles continued to rain on other cities across the country.

By Sergiy Voloshyn and Valentyn OgirenkoVINNYTSIA, Ukraine, July 15 (Reuters) A Ukrainian city far from the frontline grieved for its dead and cleared its streets on Friday, a day after a Russian missile attack killed at least 23 people and wounded scores.

Western officials accused their Russian counterparts of war crimes on Friday after Russian missiles struck a Ukrainian city far behind the frontlines in an attack Kyiv officials said killed at least 23 people.

Russian missiles struck a Ukrainian city far behind the frontlines in an attack Kyiv officials said was a war crime that killed at least 23 people while there were more signs of progress in efforts to unblock Ukrainian grain exports.

A county clerk who was indicted on felony charges of tampering with voting equipment and then lost a bid for the Republican nomination to Colorado's top election-management post has become a fugitive from justice, court records showed on Thursday.

A tax reform proposed by Colombia's President-elect Gustavo Petro will raise $10.9 billion annually via a progressive income tax, the elimination of business exemptions, and tackling evasion, his incoming tax agency head said on Thursday.

In small towns in eastern and western Mexico, hundreds of mourners gathered in the predawn hours on Thursday to hold the first funerals for migrants who died last month while being smuggled in a suffocating trailer in San Antonio, Texas.

G20 finance leaders meeting in Bali must make progress tackling the global economic threats sparked by Russia's war in Ukraine or the humanitarian consequences would be catastrophic, host Indonesia said on Friday.

G20 finance leaders meet on Friday on the resort island of Bali, as host Indonesia tries to find common ground in a group frayed by the Ukraine war amid rising economic pressures from soaring inflation.

Chad's government said on Thursday it will hold a national dialogue starting Aug.

The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington's sanctions on Moscow over its invasion of Ukraine.

Fed official signals willingness to hike interest rates full percentage point

New York authorities deployed a large drone on Thursday to monitor the waters around a popular Long Island beach after three people were injured by shark bites this month, officials said.

Ivana Trump, the first wife of former U.S. President Donald Trump and the mother of his three oldest children, who helped her husband build some of his signature buildings including Trump Tower, died on Thursday at age 73, Donald Trump announced.

Street party draws curtain on Sri Lanka's Rajapaksa era

The Bank of Canada unveiled a 'shock-and-awe' full-percentage-point interest rate hike on Wednesday, a surprise move that marked a change in messaging for a central bank desperate to show it can tame the worst inflation since 1983, analysts said.

Bank of America has been fined $225 million by a pair of U.S. banking regulators over what they called a "botched" handling of jobless benefits during the pandemic.

Trading activity by Federal Reserve Chair Jerome Powell and former Vice Chair Richard Clarida violated no rules, the Fed's independent watchdog said on Thursday, putting an apparent end to one chapter in an ethics scandal that embroiled the central bank last year.

WestJet Airlines and air traffic control manager NAV Canada said their services were returning to normal on Thursday afternoon following earlier outages that led to long airport lines and 100 delayed flights.

WestJet Airlines said on Thursday it had restored check-in and gate services caused earlier in the day by system outages that led to long lines at some airports in Canada.

Voting in the Senate on a bill to boost the U.S. semiconductor industry and improve competitiveness with China could begin as early as Tuesday, Senate Majority Leader Chuck Schumer has been telling lawmakers, a source familiar with the issue said on Thursday.