IBT Staff Reporter

2671-2700 (out of 154976) Our writers adhere to IBT's Editorial Guidelines.

U.S. Gasoline Prices Are Finally Falling. Why?

After exceeding $5 a gallon for the first time in history, U.S. gasoline prices are finally falling, giving some relief to consumers in the world's largest user of the fuel.

Jul 14, 2022

Mahmud Aguil sits with his children in the back of his air-conditioned van, his new bedroom amid power cuts and blistering summer heat

Libyans At Boiling Point Amid Summer Power Cuts

Libyans at boiling point amid summer power cuts

Jul 14, 2022

Children wear a masks and wait for U.S. President Joe Biden to visit her pre-Kindergarten class at East End Elementary School to highlight the early childhood education proposal in his Build Back Better infrastructure agenda in North Plainfield, New Jerse

Back-to-school Spending To Set Record On Pricier Supplies - Report

Retailers are set for the strongest back-to-school shopping season on record as inflation drives up prices of clothes and supplies and more students return to physical classrooms after two years of pandemic-led disruption, a Deloitte forecast showed.

Jul 14, 2022

People walk beneath advertising billboards at Boulevard entertainment city in the Saudi capital Riyadh -- several analysts said the kingdom's youth are more open to ties with Israel

Saudi Mindset Shows Signs Of Shift Towards Israel

Saudi mindset shows signs of shift towards Israel

Jul 14, 2022

A year on from devastating floods in Germany, the village of Iversheim near Bad Muenstereifel is among many still struggling to rebuild.

Flood Anniversary Prompts Sadness And Soul-searching In Germany

Flood anniversary prompts sadness and soul-searching in Germany

Jul 13, 2022

People wear masks as they exercise during a lockdown to curb the spread of a coronavirus disease (COVID-19) outbreak, in Auckland, New Zealand, August 26, 2021.

New Zealand Announces Free Masks, Tests As Health System Struggles With COVID

The New Zealand government on Thursday announced free masks and rapid antigen tests as it tries to stem the spread of COVID-19 and relieve pressure on the country's health system which is dealing with an influx of COVID and influenza patients.

Jul 13, 2022

Demonstrators eat breakfast after entering the Presidential Secretariat premises, after President Gotabaya Rajapaksa fled, amid the country's economic crisis, in Colombo, Sri Lanka July 10, 2022.

Sri Lankan President Hands In Resignation After Fleeing To Singapore

Sri Lankan president Gotabaya Rajapaksa submitted a letter of resignation on Thursday, a spokesperson for the parliament speaker said, hours after fleeing to Singapore following mass protests over an economic meltdown.

Jul 13, 2022

Outgoing Sri Lankan President Lands In Singapore After Fleeing Uprising

Outgoing Sri Lankan president Gotabaya Rajapaksa landed in Singapore on Thursday after fleeing mass protests over his country's economic meltdown, as troops patrolled the commercial capital Colombo to enforce a curfew.

Jul 13, 2022

Troops Patrol Streets As Calm Returns To Sri Lanka, President's Resignation Awaited

Calm returned to Sri Lanka's main city Colombo on Thursday as people awaited the resignation of President Gotabaya Rajapaksa, although a curfew was imposed and troops patrolled the streets to prevent any outbreak of violence.

Jul 13, 2022

Sri Lanka Protest Sites Calm As President's Resignation Awaited

Sri Lanka's main city, Colombo, was calm on Thursday as people waited for the resignation of President Gotabaya Rajapaksa, who fled to the Maldives to escape a popular uprising that erupted as the country struggled with an economic crisis.

Jul 13, 2022

Sri Lanka Awaits President's Resignation After Flight

Sri Lankans waited for the resignation of President Gotabaya Rajapaksa on Thursday, a day after he fled to the Maldives to escape a popular uprising against an economic crisis blamed on his government's mismanagement.

Jul 13, 2022

U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022.

Dollar Pares Gains As Odds Of 100 Bps Fed Rate Hike Drop

The dollar pared gains on Thursday after two Federal Reserve officials indicated they favored a 75 basis points hike at the U.S.

Jul 13, 2022

Euro Plunges On Italian Politics, Energy Concerns

The euro plunged below parity to a 20-year low on Thursday as concerns over an energy crisis and political turmoil in Italy dented demand for the single currency, while the U.S.

Jul 13, 2022

Dollar Climbs Further, Pinning Euro, Yen At Multi-decade Lows

The dollar resumed its relentless rise on Thursday, charting new 24-year highs against the yen and pinning the euro close to parity, as investors bet on the Federal Reserve ratcheting up interest rates to combat soaring inflation.

Jul 13, 2022

Dollar Ascendant As CPI Stokes Fed Bets; Aussie Jumps On Strong Jobs

The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession.

Jul 13, 2022

The US dollar has surged since the start of 2022, which is good for multinational import companies but poses problems for multinational export companies

Dollar Resumes Relentless Rise As Inflation Stokes Fed Bets

The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession.

Jul 13, 2022

U.S. and Israeli national flags are projected on a part of the walls surrounding Jerusalem's Old City July 13, 2022.

U.S., Israel Sign Joint Pledge To Deny Iran Nuclear Weaponry

U.S. President Joe Biden and Israeli Prime Minister Yair Lapid signed a joint pledge on Thursday to deny Iran nuclear arms, a show of unity by allies long divided over diplomacy with Tehran.

Jul 13, 2022

People wearing protective masks walk at a Japanese Izakaya pub alley, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan July 6, 2022.

Japan Warns Of COVID Surge, Tokyo Raises Alert Level

Japan warned on Thursday that a new wave of COVID infections appeared to be spreading rapidly and urged people to take special care ahead of an approaching long weekend and school summer vacations.

Jul 13, 2022

Japan Warns Of Swiftly Rising COVID Cases, PM To Give News Conference

Japan warned on Thursday that a new wave of coronavirus cases appears to be rapidly spreading through the nation, calling on people to be especially careful ahead of an upcoming long weekend and imminent summer school vacations.

Jul 13, 2022

Employees of the foreign exchange trading company Gaitame.com work in front of a monitor showing the Japanese yen exchange rate against the U.S. dollar at its dealing room in Tokyo, Japan June 13, 2022.

European Shares Fall As Rate Hike Bets Keep Investors Cautious

European shares fell on Thursday and the safe-haven dollar rose after the latest red-hot U.S.

Jul 13, 2022

Stocks Fall, Dollar Gains As U.S. Inflation Prompts 100 Bps Hike Bets

European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S.

Jul 13, 2022

Asian Shares Wallow As U.S. Inflation Data Boosts Recession Fears

Asian shares were pinned at two-year lows on Thursday after white-hot U.S.

Jul 13, 2022

Asian Shares Bruised As U.S. Inflation Data Boosts Recession Fear

Asian shares struggled on Thursday and the safe haven dollar was strong as white hot U.S.

Jul 13, 2022

The Israeli and US flags are projected against the wall of Jerusalem's Old City during the visit by US President Joe Biden, who will meet with Israeli and Palestinian leaders before flying onwards to Saudi Arabia

US Vows To Use All Means To Stop Iran Nuclear Bomb In New Israel Pact

US vows to use all means to stop Iran nuclear bomb in new Israel pact

Jul 13, 2022

South Korean President Yoon Suk-yeol speaks during a ceremony marking Korean Memorial Day at the Seoul National cemetery on June 06, 2022 in Seoul, South Korea. Chung Sung-Jun/Pool via

South Korea To Ease Debt-service Burden On Vulnerable Borrowers

South Korean President Yoon Suk-yeol pledged on Thursday to help ease the debt-service burden on low-income earners as a surge in interest rates and living costs put more pressure on heavily indebted households.

Jul 13, 2022