IBT Staff Reporter

Torrential rains caused widespread flooding and damage in Pakistan's financial capital Karachi on Monday, even inundating the business district, officials said.

After months stuck at home unable to provide for his family, Malian truck driver Ibrahima Sangare is delighted to be back on the road after the lifting of regional economic sanctions let him resume long-distance drives to ports in Ivory Coast.

Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Kazakhstan, company sources, traders and analysts say.

Promises of tax cuts from candidates to succeed British Prime Minister Boris Johnson pose another inflationary risk which could pressure the Bank of England to raise interest rates more aggressively, cancelling out any potential boost to the economy.

Chad's official creditor committee will meet this week amid growing pressure from the International Monetary Fund and others for progress on the country's request for debt restructuring, two sources briefed on the matter said.

Argentina's new economy minister Silvina Batakis said on Monday she would target cutting the country's high fiscal deficit, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and growing pressure on the peso.

Argentina's new economy minister Silvina Batakis said on Monday she would target cutting the country's high fiscal deficit, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and growing pressure on the peso.

Argentina's new economy minister Silvina Batakis announced a series of measures aimed at cutting the country's high fiscal deficit on Monday, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and pressure on the peso.

Low-cost carrier Frontier Group Holdings Inc has declined to further raise its bid for takeover target Spirit Airlines Inc, potentially drawing curtains on its months-long bidding war with JetBlue Airways Corp.

What is the value of a river?Is it for the nutritional content of the fish it sustains? The economic benefit of the local livelihoods it supports? Or does the river have its own value which humans cannot measure?

The Fed is nowhere near taking a victory lap on inflation, but some signals from the bond market suggest that day may not be quite as distant as policymakers had anticipated.

U.S. stock indexes fell on Monday, with the earnings season set to kick off in earnest this week amid concerns of weaker corporate profit due to the impact of surging inflation.

U.S. stock indexes slid on Monday, with the earnings season set to kick off in earnest this week amid concerns of weaker corporate profit due to the impact of surging inflation.

U.S. stock indexes were headed for a lower open on Monday as investors braced for the start of the earnings season, which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.

Chile's tumbling currency and runaway inflation are testing the Andean copper giant's economic and financial systems, and complicating President Gabriel Boric's plans to push through a tax reform bill to fund ambitious social programs.

U.S. President Joe Biden will meet his Mexican counterpart on Tuesday to discuss ways to stem Mexican migrant crossings as arrests at the U.S.-Mexico border reached their highest levels in over a decade, with both sides hoping to address jobs and investment.

Macron under pressure over Uber links

Police are hunting for five attackers who burst into a bar in Soweto, South Africa and killed 15 customers in a hail of at least 137 bullets over the weekend, the police minister said on Monday.

Kyiv warns Russia will step up Donbas fight

The world's largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S.

With its excellent academic and music programs, Oberlin College in Ohio seemed like a perfect fit for Nina Huang, a California high school student who plays flute and piano and hopes to eventually study medicine or law.

In Ukraine's Bucha, a reluctant return home and to normality

China detains alleged bank fraud 'gang' after rare mass protests

The flow of gas from Russia to Germany through the Nord Stream 1 pipeline stopped on Monday as a planned 10-day maintenance period began. The question is: Will flows then resume?

Kenyan cleaner Noel Musanga survived Lebanon's economic meltdown, waves of COVID-19 and Beirut's port blast.

Sri Lanka president near airport as exile rumours spread

European Union health agencies on Monday recommended a second COVID-19 booster for everyone over 60, as well as medically vulnerable people, amid a new rise in infections and hospitalisations across Europe.

Euro zone bond yields fell sharply on Monday while long-term inflation expectations dropped below 2% as recession fears deepened after warnings about a possible cut in Russian gas supplies.

Britain's new prime minister will be announced on Sept.