IBT Staff Reporter

The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc is expecting its upcoming iPhone 14 to do even better at launch.

US consumer prices surge 9.1%, a new 40-year high

Vanguard Group, the world's second-biggest asset manager, said on Wednesday the U.S.

BA.5, part of the Omicron family, is the latest coronavirus variant to cause widespread waves of infection globally.

The euro's tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices.

The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S.

Half a world away from the political drama in London, many Indians are closely following the twists and turns of who replaces Boris Johnson as British prime minister, curious to see how two candidates with Indian ancestry fare.

U.S. President Joe Biden will seek to reduce direct contact, such as shaking hands, during his visits to Israel and Saudi Arabia this week as part of enhanced COVID-19 precautions, White House officials said on Wednesday.

U.S. President Joe Biden will seek to reduce direct contact, such as shaking hands, during his visit to Israel and Saudi Arabia this week because of COVID-19 risks, White House officials said on Wednesday.

Texas's power grid operator on Wednesday took emergency measures to avoid rolling blackouts as soaring electricity demand threatened to outpace available supplies amid a stifling heatwave.

Texas's power grid operator on Wednesday asked homes and businesses to raise thermostats and cut power use amid stifling heat that threatened to push power demand beyond the state's available supply.

Texas's power grid operator asked homes and businesses on Wednesday to again conserve electricity, by raising thermostats and turning off appliances, amid stifling heat that threatened to push power demand beyond the state's available supply.

Wildfires spread across heatwave-hit Europe

Thousands of firefighters battled more than 20 blazes that raged on Wednesday across Portugal and western Spain, menacing villages and disrupting tourists' holidays amid a heat wave that pushed temperatures above 45 degrees Celsius (113 degrees Fahrenheit) in some parts of Europe.

Nearly 20 blazes raged across Portugal and several burned in western Spain on Wednesday, menacing villages and disrupting tourists' holidays amid a heatwave that meteorologists expect to push temperatures into the high 40s Celsius.

Roberto Bachis, a 58-year-old Italian accountant, was acquitted of two charges of fraud in 2019 after 11 years of trials and investigations which ruined his health, his finances and his marriage.

Steel demand in Latin America could dip through 2022 as the industry faces regional inflationary pressures, price hikes from the Russian invasion of Ukraine and political instability, an industry report showed.

Consumer inflation in Ghana accelerated to 29.8% annually in June from 27.6% in May, official data showed on Wednesday, shattering another record while the West African nation talks to the International Monetary Fund (IMF) for support.

U.S. stocks slipped on Wednesday after hotter-than-expected inflation data fanned fears that the Federal Reserve might take a more aggressive stance on interest rate hikes, potentially tipping the economy into a recession.

Wall Street's main indexes slid on Wednesday after hotter-than-expected inflation data fanned fears that the Federal Reserve might take a more aggressive stance on interest rate hikes, potentially tipping the economy into a recession.

Wall Street's main indexes fell on Wednesday after hotter-than-expected inflation data fueled bets that the U.S.

Wall Street's main indexes were set to tumble at the open on Wednesday after hotter-than-expected inflation data fueled bets that the U.S.

U.S. stock index futures fell sharply on Wednesday after hotter-than-expected inflation data in June sparked fears that aggressive monetary policy tightening by the U.S.

U.S. stock index futures edged higher on Wednesday as investors braced for inflation data to gauge the pace of interest rate hikes by the U.S.

The European Union told Hungary and Poland on Wednesday to improve judicial and media independence, as well as anti-graft safeguards, saying conditions to unlock billions in aid for the two have not been met and serious concerns persist.

In the last specialist maternity ward still under Ukrainian control in the eastern Donbas region, the windows are packed with sandbags.

Truck and bus maker Iveco Group has decided to exit its joint venture in Russia after considering the move for months, as a consequence of Moscow's invasion of Ukraine, Chief Executive Gerrit Marx said on Wednesday.

Pope Francis has named three women, two nuns and a lay woman, to a previously all-male committee that advises him in selecting the world's bishops, the Vatican said on Wednesday.

Lawmakers on the European Parliament's energy committee supported more ambitious EU targets to save energy and expand renewable power on Wednesday, viewed as key to ending Europe's reliance on Russian gas.