IBT Staff Reporter

General Motors Co reported a 15% drop in second-quarter auto sales on Friday, as a global chip shortage and supply chain disruptions hit production and left nearly 100,000 vehicles waiting for more parts.

General Motors Co is poised to outsell Japan's Toyota Motor Corp in the second quarter, even as sales at major automakers in the United States are set to drop as inventory shortages persist, industry analysts say.

Citigroup Inc is in talks with Russian private lender Expobank over a possible sale of some of its operations in the country, the latest attempt by a Western bank to quit sanctions-hit Russia, a source familiar with the matter told Reuters.

Turkey cuts access to US, German public broadcasters

'American Woman' rocker reunited with stolen guitar... 46 years on

Metaverse years from being global phenomenon, says pioneer

Two weeks before a Hindu tailor in India was hacked to death by two Muslim men who filmed the act, he was briefly detained by police after a rival tailor accused him of an "inflammatory" Facebook post on Prophet Mohammad.

As Russia's military continues to pound Ukraine with missiles and other lethal weapons, Western nations have responded in part by targeting Russia's defense industry with sanctions.

Putin orders Russians to fight on after key Ukraine city falls

Toyota Motor Corp on Friday unveiled its first mass market hybrid car for India, a sport utility vehicle (SUV), charting a new course for the Japanese automaker in one of the world's fastest growing car markets.

Toyota Motor Corp on Friday unveiled its first mass market hybrid car for India, a sport utility vehicle (SUV), charting a new course for the Japanese automaker in one of the world's fastest growing car markets.

Czechs have long gathered at village pubs to catch up with friends or celebrate special occasions in a nation famed for its beer culture, but soaring costs and belt-tightening by patrons have now left many watering holes fighting for survival.

Ukrainian Hare Krishna devotees seek sanctuary in N.Ireland

'Stop interfering in Afghanistan', says Taliban leader in rare appearance

The reclusive supreme leader of the Afghan Taliban hailed the Islamists' 2021 takeover of Afghanistan during a meeting on Friday called to forge national unity and attended by religious leaders from around the country.

The reclusive supreme leader of the Afghan Taliban, Haibatullah Akhundzada, joined religious leaders from around the country in Kabul on Friday at a meeting with a focus on national unity, congratulating them on the Islamists' takeover of Afghanistan.

The reclusive supreme leader of the Afghan Taliban, Haibatullah Akhundzada, joined religious leaders from around the country in the capital, Kabul, on Friday at a meeting with a focus on national unity, the state news agency said.

Russian propaganda finds fertile ground in Serbia

Three times a week, Loris Foreman, a ground handling agent at Paris' main international airport Roissy-Charles de Gaulle, drives to his workplace, coffee in hand, before sunrise.

Taiwan's economic fundamentals are good and investors should remain calm and rational, and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after a large fall in share prices including by top chipmaker TSMC.

John Lee: the former Hong Kong cop Beijing trusts is sworn in

The highest temperatures for the season since record-keeping began have scorched much of eastern Japan for a week, prompting the government to ask citizens to cut power use as much as possible, while running air conditioners to stay safe.

Russia's invasion of Ukraine has exposed a gap in socially-minded investing - a hands-off approach to geopolitics and human rights.

French catering and food services group Sodexo announced on Friday a reorganisation of its main on-site services business to improve effectiveness and said it expects revenue and margin to return to pre-pandemic levels in 2023.

French catering and food services group Sodexo on Friday reported better-than-expected revenue for the third quarter with strong growth in all business segments and geographies, helped by price hikes and post-Omicron volume recovery.

India has imposed windfall tax on oil producers and refiners who have boosted product exports to gain from higher overseas margins as the government seeks to increase local supply of fuels to meet rising demand and increase federal revenues.

India introduced export duties on gasoil, gasoline and jet fuel on Friday to help maintain domestic supplies, while also imposing a windfall tax on oil producers who have benefited from higher global crude oil prices.

India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.

China's president Xi Jinping on Friday swore in John Lee, 64, as the city's next chief executive - the first security policy expert to run the China-ruled international financial hub since its handover from Britain in 1997.