IBT Staff Reporter

U.S. department store chain Kohl's Corp on Friday called off its sale to Franchise Group after months of negotiations, citing sinking markets and difficult financing conditions.

A small town Mexican mayor married his alligator bride in a colorful ceremony as traditional music rang out and revelers danced while imploring the indigenous leader to seal the nuptials with a kiss.

Months before dozens of migrants died inside a sweltering tractor-trailer this week that had slipped through a Border Patrol checkpoint on a Texas highway, another truck driver was making the same journey carrying 52 migrants.

India bans many single-use plastics to tackle waste

New Zealand dairy, sheep and beef farmers are largely disappointed by the newly signed New Zealand-European Union free trade agreement, lamenting it provides little new access to the profitable market for meat and dairy.

Global manufacturing struggled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China's strict COVID-19 lockdowns and Russia's invasion of Ukraine added to supply chain disruptions, surveys showed.

President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2 gas and oil project in Russia's far east, a move that could force out Shell and Japanese investors.

President Vladimir Putin signed a decree on Thursday to take charge of the Sakhalin-2 gas and oil project in Russia's far east, a move that could force Shell and Japan's Mitsui and Mitsubishi to abandon their investments as the economic tit-for-tat over Ukraine deepens.

California on Thursday approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation projects despite industry concerns that it will harm the sector and delay shipments to automakers.

Pessimism about the global economic outlook boosted demand for the safe-haven U.S.

Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian dollar tumbling to a two-year low.

Worries about the risk of a global recession drove rallies in the safe haven Japanese yen and U.S.

The dollar was little changed against major peers on Friday, but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of a U.S.

Australian, French leaders meet to mend frayed ties

The second half of the year started with more declines in global stock indexes on Friday as recession concerns that have built in recent weeks also dragged down Treasury yields and metals.

Stocks fell and the dollar rose on Friday, beginning the second half of the year much as the first one had ended, only this time with bonds rallying for a change as investors have shifted from worrying about inflation to fearing a global recession.

Bonds slipped, the dollar edged higher and Asia's stockmarkets made a shaky start to the second half on Friday, as investors grow increasingly nervous about the global economic outlook.

Indonesia's central bank is in no rush to hike interest rates, its governor said on Friday, even as June consumer prices rose at the fastest pace in five years, topping forecasts and breaching its target range amid a surge in food prices.

Indonesia's consumer prices rose at the fastest pace in five years in June, topping forecasts and breaching the central bank's target range amid a surge in food prices, official data showed on Friday.

ICC marks 20th birthday with Ukraine in sights

Some of the youngest migrants thought to have died in a suffocating trailer in Texas this week set off from poor towns in Guatemala and Mexico, following in the footsteps of relatives seeking a better life in the United States.

Royal approval for Tour de France opener in Copenhagen

It is hard to find but omnipresent in the daily calculations of all Argentines: the US dollar and its value relative to the feeble peso -- a thermometer of an economy in crisis and galloping inflation.

Cryptocurrency lending giants wanted to operate on the level of banks, but their appetite for risk and a paucity of regulatory guardrails mean they and their clients now face financial ruin.

US airlines are bracing customers for what will probably be another bumpy holiday weekend as the industry struggles to manage a surge in travel demand that probably exceeds its current capacity.

Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraine's port of Odesa that authorities said killed at least 21 people, hours after Russian troops abandoned the Black Sea outpost of Snake Island.

Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraine's Black Sea port of Odesa that authorities say killed at least 21 people, hours after Russian troops abandoned a nearby outpost at Snake Island.

Russian missiles hit an apartment building and a resort near Ukraine's Black Sea port of Odesa on Friday, killing at least 17 people and wounding dozens, Ukrainian authorities said.

Russian missiles hit an apartment building and a resort near Ukraine's Black Sea port of Odesa early on Friday, killing at least 17 people and wounding dozens, Ukrainian authorities said, the latest in a spate of deadly missile strikes.