IBT Staff Reporter

A year after floods devastated his town in the east of Belgium, 70-year-old retired welder Mario Bonelli remains traumatised by the event and fellow townsfolk are still repairing their ravaged homes.

The Financial Stability Board (FSB) said on Monday it would propose "robust" global rules for cryptocurrencies in October, following recent turmoil in markets that has highlighted the need to regulate the "speculative" sector.

European shares fell on Monday, dragged lower by economy-sensitive stocks, as concerns over an energy supply crunch and fresh COVID-19 cases in China hurt risk appetite and heightened worries about a recession.

African countries' debts with China are a third of what they owe non-Chinese private lenders, while interest rates are just over half, according to a report published on Monday amid a debate about the role of the world's largest bilateral creditor.

Hedge funds had a torrid second quarter, but their faith in the dollar paid off spectacularly.

Hedge funds had a torrid second quarter, but their faith in the dollar paid off spectacularly.

Asian companies are likely to find it harder to refinance dollar-denominated debt, the decline in a key metric suggests, with the currency at a two-decade high and a recent surge in inflation forcing central banks to raise interest rates.

Wizz Air expects to have to cut flights this summer due to labour shortages and strikes at European airports, the budget airline said on Monday, sending its shares down around 5%.

In the race to go electric, carmakers have focused on range to ease consumer anxiety over charging infrastructure, but battery makers are already working on the smaller, longer-lasting and cheaper batteries of the future, which also charge more quickly.

A police investigation into the assassination of former Japanese prime minister Shinzo Abe prompted the head of the country's branch the Unification Church to confirm on Monday that the mother of the suspect in the killing is a member.

The mother of the man arrested for the killing of former Japanese prime minister Shinzo Abe is a member of the Unification Church, the head of its Japanese arm said on Monday.

After a strong showing in an election overshadowed by the killing of former premier Shinzo Abe, Japanese Prime Minister Fumio Kishida may have fresh momentum to hike defence spending on a scale beyond the grasp of his slain mentor.

Europe frets over reduced Russia gas supplies

Austria and Hungary fight nature to stop lake vanishing

Ukrainian students seeking new lives in Taiwan see parallels in Russia, China

If shipping is the beating heart of global trade, its pulse is about to get slower.

Mourners streamed into a temple in Tokyo to pay their respects to Japan's slain former premier Shinzo Abe on Monday, as his assassination overshadowed an election win for the ruling party he had dominated.

Mourners streamed into a temple in Tokyo to pay their respects to Japan's slain former premier Shinzo Abe on Monday, as his assassination overshadowed an election win for the ruling party he had dominated.

With flags at half-mast, Japan mourned the killing of former premier Shinzo Abe on Monday even as the ruling party that he had dominated secured an election win that gives current Prime Minister Fumio Kishida the chance to cement his own power.

Novak Djokovic: Seeking love alongside tennis immortality

Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections, with the commercial hub of Shanghai bracing for another mass testing campaign after detecting the BA.5 Omicron subvariant.

Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections, with the commercial hub of Shanghai bracing for another mass testing effort after finding a highly-transmissible Omicron subvariant.

The Biden administration is discussing the possible lifting of its ban on U.S.

Former Japan PM Abe mourned at wake as US hails 'man of vision'

Love letters and tax returns: Bolivia's sidewalk scribes prefer typewriters

Sri Lanka's parliament will elect a new president on July 20, its speaker said on Monday, after protesters stormed the residences of the current president and prime minister, who have both offered to quit amid an economic meltdown.

Sri Lanka's president and the cabinet will make way for a unity government, the prime minister's office said on Monday, after tens of thousands stormed the official residences of both men, enraged by the island's worst economic crisis in decades.

Sri Lanka's President Gotabaya Rajapaksa and the entire cabinet will resign to make way for a unity government, the prime minister's office said on Monday, after tens of thousands of protesters stormed the official residences of both men.

Sri Lanka's President Gotabaya Rajapaksa has informed Prime Minister Ranil Wickremesinghe that he will resign, the prime minister's office said on Monday, after tens of thousands of protesters stormed the official residences of both men.