IBT Staff Reporter

Pedro Guimaraes, the chief executive of Brazilian state lender Caixa Economica Federal and a close ally of President Jair Bolsonaro, is set to resign on Wednesday in light of reports he is being investigated by federal prosecutors for sexual harassment, two sources familiar with the matter said.

Alarm mounts over escalating Ethiopia-Sudan border tensions

The Federal Reserve of New York will publish monthly updates on the U.S.

Trade through Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said, as European officials edge towards a compromise deal with the Baltic state to defuse a row with Moscow.

President Kais Saied looks on course to tighten his grip on Tunisia through a constitutional referendum in July, but it could prove to be a poisoned chalice as the economy sinks deeper into crisis and opposition to his rule widens.

World No. 4 carmaker Stellantis said on Wednesday it will speed up electric motor production at its factory in Tremery, France, long the world's largest diesel engine plant, to account for 50% of the facility's capacity by 2024.

The Biden administration threw its support on Wednesday behind the potential sale of U.S. F-16 fighter jets to Turkey, a day after Ankara lifted a veto of NATO membership for Finland and Sweden.

The latest easing of coronavirus travel rules combined with other encouraging policy signals have began luring some foreign investors back to Chinese stocks, raising the chances that the market can sustain its bounce after months of heavy selling.

Germany, largely dependent on Russian gas to fuel its export-led economy and to keep homes warm, is bracing for a possible total halt in Russian supplies if Moscow steps up its use of gas as an economic weapon against the West while it wages war in Ukraine.

Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the lender said on Wednesday, as its economists anticipate a further rate hike in Switzerland this year.

French court blocks extradition of ex-Red Brigades members to Italy

Unilever on Wednesday sold its Ben & Jerry's ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a potentially damaging diplomatic row over the company's political stance.

The suspected driver of a truck packed with dozens of migrants who died in sweltering heat during a smuggling attempt in Texas and an accused conspirator were charged in U.S.

The suspected driver of a truck packed with dozens of migrants who died in sweltering heat during a smuggling attempt in Texas this week was charged in U.S.

World Bank chief economist Carmen Reinhart said it could take many more years before the growing number of heavily indebted countries see any substantive reduction in their debts.

World Bank chief economist Carmen Reinhart said she is skeptical that the U.S.

Australia's Thanasi Kokkinakis attempts to demolish the "brick wall" of Novak Djokovic at Wimbledon on Wednesday while Andy Murray needs to defuse the big-serving threat of John Isner.

Anger, pain at vigil for migrants who died in tractor trailer in Texas

Spain to 'fully' cooperate with migrant death probes

Germany's BioNTech, Pfizer's partner in COVID-19 vaccines, said the two companies would start tests on humans of next-generation shots that protect against a wide variety of coronaviruses in the second half of the year.

Aquaculture drives aquatic food yields to new high

U.S. stocks fell on Wednesday with a gloomy first-half of the year approaching its end, marred by concerns of an aggressive monetary policy that risks pushing the economy into a recession.

The S&P 500 and the Nasdaq were flat in volatile trading on Wednesday on worries over faster interest rate hikes even as recent data painted a dour picture for the economy, while a boost from Goldman Sachs shares kept the Dow afloat.

U.S. stock index futures struggled for direction on Wednesday after several Federal Reserve policymakers made a case for faster interest rate hikes to tamp down inflation as a string of recent data continued to paint a dour picture for the economy.

U.S. stock index futures dipped on Wednesday after several Federal Reserve policymakers made the case for faster interest rate hikes to bring down high inflation.

Ukrainian President Volodymyr Zelenskiy told NATO leaders on Wednesday his country needed more advanced weapons and money to defend itself against Russia, warning that Moscow's ambitions did not stop at Ukraine.

Nancy Pelosi, the speaker of the U.S. House of Representatives who is banned from communion in her home city of San Francisco because she supports abortion rights, met Pope Francis on Wednesday and received the sacrament from a priest at a papal Mass.

Before he began the journey that ended in disaster, Jose Luis Vasquez lived in a remote mountainous community in southern Mexico, where a single telephone connects a few indigenous families to the outside world, local residents said.

Before he began the journey that ended in disaster, Jose Luis Vasquez lived in a remote mountainous community in southern Mexico, where a single telephone connects a few indigenous families to the outside world, local residents said.