IBT Staff Reporter

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Analysis-Political And Banking Deadlock May Plunge Lebanon Deeper Into Crisis

Lebanon's untamed financial crisis is gathering new menace as it heads into a fourth year, with political paralysis dampening hope of reforms that could unlock foreign support and stave off social turmoil, according to analysts, lawmakers and former officials.

Jun 30, 2022

Wall Street stocks have been battered amid moves to raise interest rates to combat blistering inflation

Brutal First Half Of '22 On Track To Shave $8 Trillion Off S&P 500

Steep losses in stocks and bonds, dizzying market swings and a Federal Reserve intent on curbing the worst inflation in more than forty years have been among the hallmarks of U.S.

Jun 30, 2022

IKEA's Stocks Back At 2019 Levels In Europe As Transport Bottlenecks Ease

Warehouses for IKEA stores in Europe are as full as they were before the pandemic after an easing of transport bottlenecks in the region, the retail manager of Ingka Group, which owns most IKEA stores world-wide, said on Thursday.

Jun 30, 2022

Sonny Barger, founder of the Hells Angels motorcycle club -- seen here in August 2003 -- passed away at the age of 83 after a brief battle with cancer.

Hells Angels Founder Sonny Barger Dead At 83

Hells Angels founder Sonny Barger dead at 83

Jun 30, 2022

The EU said the deal would eliminate all tariffs on its exports to New Zealand and will open markets in key sectors

EU And New Zealand Seal 'State-of-the-art' Trade Deal

EU and New Zealand seal 'state-of-the-art' trade deal

Jun 30, 2022

California firefighters ended up building a water-filled put to extinguish the flames in a Tesla electric car

US Firefighters Adapt To 'New Hazards' In Electric Car Blazes

California firefighters ended up using a water-filled pit to douse the stubborn flames in a Tesla's battery compartment earlier this month, typifying the distinct difficulties in battling electric vehicle blazes.

Jun 30, 2022

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020.

US FDA Wants COVID Boosters Targeting Omicron BA.4, BA.5 Subvariants

The U.S. Food and Drug Administration on Thursday recommended COVID-19 vaccine manufacturers change the design of their booster shots beginning this fall to include components tailored to combat the currently dominant Omicron BA.4 and BA.5 subvariants of the coronavirus.

Jun 30, 2022

A person walks past the United States Supreme Court Building in Washington, D.C., U.S., May 13, 2021.

U.S. Supreme Court Limits Federal Power To Curb Carbon Emissions

The U.S. Supreme Court on Thursday imposed limits on the federal government's authority to issue sweeping regulations to reduce carbon emissions from power plants in a ruling that undermines President Joe Biden's plans to tackle climate change and could constrain various agencies on other issues.

Jun 30, 2022

Dutch physician Rebecca Gomperts smiles before speaking at a conference, in Buenos Aires, December 10, 2004.

Surge In U.S. Demand For Dutch Abortion Pills After Roe V. Wade Decision

Demand for a Dutch service offering abortion pills surged more than fourfold after the U.S. Supreme Court struck down Roe v. Wade, a women's rights campaigner said on Thursday.

Jun 30, 2022

US inflation remains high but the price wave may have crested, as consumers pull back on spending

US Inflation High But Stable In May As Spending Slows

US inflation high but stable in May as spending slows

Jun 30, 2022

NATO Secretary General Jens Stoltenberg and Spanish Prime Minister Pedro Sanchez visit the NATO summit venue in Madrid, Spain June 28, 2022.

Manchin, Sinema Dash Biden Hopes For Filibuster Change On Abortion Rights

President Joe Biden on Thursday proposed that U.S.

Jun 30, 2022

Mortuary vans are seen as forensic personnel load bodies of victims after the deaths of patrons found inside the Enyobeni Tavern, in Scenery Park, outside East London in the Eastern Cape province, South Africa, June 26, 2022.

Teen Survivors Of S.African Tavern Disaster Quit Nightlife In Horror

South African teenager Sinenjongo Phuthumani had only discovered the joys of drinking in nightclubs with her friends after graduating from school last year.

Jun 30, 2022

Brazilâs President Jair Bolsonaro reacts during the launching ceremony of the Plano Safra 2021/2022, an action plan for the agricultural sector, in Brasilia, Brazil June 29, 2022.

Downfall Of Bolsonaro Ally Spotlights Brazilian Leader's Female Voter Issue

Brazilian President Jair Bolsonaro, a far-right former army captain with a history of misogynistic comments, has a female voter problem that could cost him in October elections.

Jun 30, 2022

Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019.

Column-Fed's Inflation Target Ambiguity Risks Market Misstep: McGeever

It may just boil down to semantics, and in good times when inflation is low it's not an issue at all. But the Fed has a communication problem.

Jun 30, 2022

Bhutanese girls in traditional dress sit outside Rinpung Dzong in Paro Valley, Bhutan March 16, 2011.

Bhutan To Welcome Tourists 'Who Can Spend' For First Time Since COVID

Bhutan will reopen for international tourists from September for the first time since the pandemic began more than two years ago, officials said on Thursday, as the tiny Himalayan kingdom looks to revive its economy.

Jun 30, 2022

Spain's Rafael Nadal is chasing a third Wimbledon crown

Nadal And Swiatek Survive Wobbles To Progress At Wimbledon

Nadal and Swiatek survive wobbles to progress at Wimbledon

Jun 30, 2022

Exclusive-ECB To Channel Cash From North To South In Bid To Cap Spreads - Sources

The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German, French and Dutch debt in a bid to cap spreads between their borrowing costs, sources told Reuters.

Jun 30, 2022

Sri Lanka's Air Force members distribute tokens to people queueing for fuel due to fuel shortage, amid the country's economic crisis, in Colombo, Sri Lanka June 27, 2022.

Sri Lanka Eyes Trimming Presidential Powers Amid Unrest Over Economic Crisis

Sri Lanka's government on Thursday proposed amending the constitution to trim presidential powers and beef up anti-corruption powers to help shore up stability and defuse unrest provoked by the country's worst financial crisis in decades.

Jun 30, 2022

There has been much cross-Channel tension over migrants policy

France Holding 10 Suspects Over Channel Migrant Disaster

France holding 10 suspects over Channel migrant disaster

Jun 30, 2022

Irene Olea Torres, Mayor of Izucar de Matamoros, speaks with Reuters during an interview in Izucar de Matamoros, Mexico, June 29, 2022.

"It's Tough Here": Mexican Migrant Town Faces Lure And Lore Of The American Dream

In the small, sleepy town of Izucar de Matamoros in central Mexico, vendors sell pastries, sunglasses, and shoe polish under the hot sun for a few dollars a day.

Jun 30, 2022

Chinese Tech Giants Vow To Stop NFT Secondary Trading -state Media

Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and "self-regulate" their activities in the market, Chinese state media reported on Thursday.

Jun 30, 2022

Goldman Sachs Partners With Derivative Path To Grow Transaction Banking

Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative Path that opens the door to thousands of U.S.

Jun 30, 2022

South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. $100 notes in this file photo illustration shot December 15, 2015.

Brutal First Half Puts Bonds In Line For Worst Year In Decades

If dramatic losses seen in the first half of 2022 are maintained over the coming months, U.S. and European government bond markets are set for their worst year in decades in another sign the long bond bull-run may be over.

Jun 30, 2022

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018.

Reuters Poll: Supply Fears To Sustain Oil Rally, Trumping Recession Risks

Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll showed on Thursday, though economic risks could slow the climb.

Jun 30, 2022

Anti-abortion demonstrators celebrate outside the United States Supreme Court as the court rules in the Dobbs v Womenâs Health Organization abortion case, overturning the landmark Roe v Wade abortion decision in Washington, U.S., June 24, 2022.

Explainer-How Would U.S. Corporate Abortion Travel Benefits Work?

Major companies including JPMorgan Chase & Co, Amazon.com Inc and Walt Disney Co have said they would pay travel costs for employees seeking abortions out-of-state after the U.S.

Jun 30, 2022

Barry Callebaut's plant in Wieze, Belgium, produces liquid chocolate in wholesale batches for 73 clients making confectionaries

Salmonella Found In World's Biggest Chocolate Plant

Salmonella found in world's biggest chocolate plant

Jun 30, 2022

Wall Street Slides, Dow Set For Worst First-half Since 1962

U.S. stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that a dogged pursuit by central banks to tame inflation would hamper global economic growth.

Jun 30, 2022

Wall Street Plunges, S&P 500 Set For Worst First-half Since 1970

U.S. stocks tumbled on Thursday, setting the S&P 500 for its worst first six months since 1970, on concerns that central banks determined to tame inflation will hamper global economic growth.

Jun 30, 2022

Wall St Set To Fall On Last Day Of Bleak First-half On Growth Fears

U.S. stock index futures slid on Thursday on the last day of a dismal first-half of the year on worries that central banks determined to tame inflation will hamper global economic growth.

Jun 30, 2022

Futures Tumble On Last Day Of A Torrid First-half On Growth Fears

U.S. stock index futures slid on Thursday on the last day of a dismal first-half of the year on worries that central banks determined to tame inflation will hamper global economic growth.

Jun 30, 2022