IBT Staff Reporter

Indonesian authorities stripped a bar and restaurant chain in the capital, Jakarta, of its operating permit after police charged six employees with blasphemy over a promotion offering free drinks for people named Mohammad or Maria.

The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say.

European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to put their cash piles to work, costlier financing and stronger resistance from businesses are complicating dealmaking.

The Philippines Supreme Court on Tuesday rejected a final bid to disqualify President-elect Ferdinand Marcos from last month's election, clearing the way for his inauguration later this week and the return to rule of the country's most famous dynasty.

A Sri Lankan government minister was in Qatar on Tuesday and another will travel to Russia at the weekend in search of energy deals to alleviate a severe fuel shortage that is crippling the economy of the island nation and forcing many schools to close.

Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis.

Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis.

Credit Suisse may "temper" some of its key growth initiatives in wealth management as it focuses efforts on a risk turnaround and bolstering technology, executives said in their first update to investors since a new strategy was set out.

The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states, two sources told Reuters.

Irwin Armstrong, a former chair of Boris Johnson's Conservative Party in Northern Ireland, has a simple message for the British Prime Minister when it comes to the province's unique post-Brexit trade rules: Don't ruin a good thing.

Hong Kong's financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city's Securities and Futures Commission (SFC) said on Tuesday.

A promise kept or betrayal? Hong Kong 25 years on from handover

The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended by Russia's invasion of Ukraine.

Pakistan said on Tuesday that it has received economic and financial targets from the International Monetary Fund (IMF) that once agreed and ratified should pave the way for multilateral lender to unlock a suspended bailout programme.

European Union countries struggled to agree on new legislation to help combat climate change on Tuesday, with disagreements over how tough the laws would be and how to help poorer citizens shift away from fossil fuels.

A dispute over how to shield poorer citizens from European Union policies to put a price on pollution is threatening to prevent the bloc's countries from agreeing a raft of new green measures.

US opens probe after 51 migrants die in sweltering trailer

Japan baked under scorching temperatures for a fourth successive day on Tuesday, as the capital's heat broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to raise the spectre of cuts.

Former Nazi camp guard, 101, faces German court verdict

Toshiba Corp shareholders voted in on Tuesday two board directors from activist hedge fund investors - a step expected to add momentum to the industrial group's exploration of potential buyout deals.

Toshiba Corp shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday - an inclusion that is expected to add momentum to its exploration of potential buyout deals.

Australia will set up a defence school to train Pacific island militaries, Canberra's new Pacific minister said, amid mounting competition for security ties in the region and as China lays plans for a rival meeting to next month's Pacific Islands Forum.

Australia will establish a defence school to train Pacific island militaries, Canberra's new Pacific minister said, amid intensifying competition for security ties and as Beijing seeks to host a rival meeting to the main regional group, the Pacific Islands Forum, next month.

Firefighters on Tuesday searched the rubble of a Ukrainian shopping mall in the central city of Kremenchuk where authorities said 36 people were missing after a Russian missile strike that killed at least 18.

Firefighters and soldiers searched on Tuesday for survivors in the rubble of a Ukrainian shopping mall, where authorities said 36 people were still missing after a Russian missile strike that had killed at least 18.

Firefighters and soldiers searched on Tuesday for survivors in the rubble of a shopping mall in central Ukraine after a Russian missile strike killed at least 18 people in an attack condemned by the United Nations and the West.

Firefighters and soldiers searched on Tuesday for survivors in the rubble of a shopping mall in central Ukraine after a Russian missile strike killed at least 18 people in an attack condemned by the United Nations and the West.

Firefighters and soldiers searched for survivors in the rubble of a shopping mall in central Ukraine on Tuesday after a Russian missile strike killed at least 16 people in an attack condemned by the United Nations and the West.

Pro-Macron MP becomes France's first woman speaker