IBT Staff Reporter

U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values, according to data released by energy analytics firm Enverus on Thursday.

Tesla Inc on Thursday asked a U.S. court to dismiss a lawsuit claiming the electric car maker violated federal law by laying off hundreds of workers without advance notice.

The International Monetary Fund is still in contact with officials at technical levels within the Sri Lankan government and hopes to be able to resume discussions with higher-level officials, an IMF spokesman said on Thursday, after Sri Lanka's president announced his resignation.

Bank of America has promoted former Prudential executive James Gill to lead its financial institutions franchise for Europe, the Middle East and Africa as it seeks to win more business from the region's biggest banks and fintech clients.

Wall Street's biggest banks sounded cautious on economic headwinds ahead, reducing risk in certain areas as they assess the likelihood and severity of recession

The International Monetary Fund expects Ukraine to continue to service its foreign debt, an IMF spokesman said on Thursday as speculation grows that Kyiv could default on its debt as its battle against Russia's invasion rages on.

Central banks are jacking up interest rates to tackle the highest inflation in decades, economic growth is slowing, recession looms, and financial markets are in a deep funk.

A six-time prime minister, the leader of the main opposition party and a journalist-turned-politician from the ruling party are vying to become Sri Lanka's next president, after the incumbent Gotabaya Rajapaksa fled the country this week.

Italy's government hangs in the balance, yet again.

The man accused of shooting dead 10 Black people at a grocery store in Buffalo, New York, on May 14 has been indicted on 27 federal hate crimes and firearms offenses, the U.S.

Belgium's prime minister vowed on Thursday to do more to tackle climate change as he marked the first anniversary of devastating floods that killed 39 people in the country.

Annie England Noblin, a 40-year-old resident of rural Missouri, had never had a problem filling her monthly prescription for methotrexate until this week.

Italy's Draghi urged to fix crisis as resignation refused

Webb begins hunt for the first stars and habitable worlds

Fears that investment banking would take a big hit across Wall Street in the second quarter looked to be confirmed on Thursday, with JPMorgan Chase & Co and Morgan Stanley reporting that revenues in that business more than halved.

Ten years after Mario Draghi's "whatever it takes" pledge saved the euro, Italy is once again in the middle of a debt crisis - but the country's prime minister and former head of the European Central Bank may struggle to solve this one.

Ten years after his 'whatever it takes' pledge saved the euro, Mario Draghi is once again in the middle of a debt crisis - but the Italian prime minister and former head of the European Central Bank will need more than just words to solve this one.

After years of watching trash build up in mangroves on the Florida Keys off his native Miami, Andrew Otazo began hauling out garbage to raise awareness about an ecosystem he has been enjoying since he was a teenager.

New chief at Libya's key oil firm, US warns against confrontation

Around half the public content related to the Holocaust on the Telegram messaging service denies or distorts facts about the killing of six million of Europe's Jews in the Holocaust, according to a new study by the United Nations cultural agency.

A South Carolina attorney previously charged with orchestrating a plot to have himself shot last year in an insurance scheme has been indicted by a grand jury on charges of murdering his wife and youngest son in June of last year.

JPMorgan Chase reports lower profits, gives cautious economic outlook

U.S. President Joe Biden said on Thursday he would not avoid talking about human rights when he visits Saudi Arabia on the second leg of his Middle East trip and stressed his position on the murdered journalist Jamal Khashoggi was "absolutely" clear.

U.S. law enforcement officers will ask, when detaining immigrants in the country illegally, whether they are parents or guardians to avoid separating families under a Biden administration policy launched on Thursday.

Militants shot dead a kidnapped Pakistani army officer as his comrades were closing in to try to rescue him in the restive southwest province of Balochistan, the military said on Thursday.

A senior Pakistani army officer and his friend were found shot dead on Thursday, two days after militants kidnapped them in the restive southwest province of Balochistan, security officials said.

Who could take over as UK prime minister?

Amazon has offered a settlement against EU charges that the online giant undermined rivals by misusing the sensitive information of independent sellers to benefit its own retail business.

Haitian demonstrators on Thursday burned tires and blocked streets of the capital to protest ongoing fuel shortages even as the country's main fuel terminal renewed deliveries that had been suspended due to an outbreak of gang violence.