IBT Staff Reporter

The cross-party group, which had been working for weeks on the wording of the legislation, voiced confidence that it would have enough support to pass the Senate, and it could be signed into law by President Joe Biden as soon as next week.

Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies' nascent digital worlds compatible with each other.

Ant Group was spun off from Alibaba Group Holding 11 years ago but the two Jack Ma-founded companies had continued to collaborate closely, and even function as one company in some aspects, to maximise their competitive advantage.

Ant Group and Alibaba are untangling their operations from each other and independently seeking new business as the Jack Ma-founded companies navigate China's devastating regulatory crackdown, four sources familiar with the matter said.

Private equity firm TPG Inc agreed to acquire all the outstanding shares of Convey Health Solutions Holdings it does not already own, in an all-cash transaction announced on Tuesday.

Franchise Group, the preferred bidder to acquire Kohl's, is in discussions to keep the retailer's top management team, including CEO Michelle Gass, if the planned sale is finalized, three sources familiar with the matter said.

South Korea on Wednesday confirmed its first case of monkeypox virus and pledged to strengthen monitoring and response systems as it raised the alert level to "caution" for the infectious disease.

The death toll from an earthquake in Afghanistan on Wednesday hit 1,000, disaster management officials said, with more than 600 injured and the toll expected to grow as information trickles in from remote mountain villages.

Kellogg Co's plan to spin off and potentially sell its profitable MorningStar Farms vegetarian patties and plant-based meat business could shake up the frozen aisle in grocery stores.

Long wait over as US vaccinates youngest against Covid

Italy's government hit by Five Star party split

The fourth day of the hearings in the U.S. Congress on the Jan.

A group of drivers for Uber Technologies Inc and Lyft Inc on Tuesday accused the companies of unfairly controlling how much passengers are charged for rides in an antitrust lawsuit in California state court.

A Minnesota judge on Tuesday once again rescheduled the trial of two former Minneapolis police officers charged in George Floyd's murder to Oct.

Estonia summoned the Russian ambassador on Tuesday to protest an "extremely serious" violation of its airspace by a Russian helicopter, the second time in less than two weeks that Tallinn has reprimanded Moscow's envoy.

Louisiana Governor John Bel Edwards, a Democrat who opposes abortion, has signed legislation that would impose harsher criminal penalties on abortion providers if the U.S.

Russia's threat to punish Lithuania over blocked rail shipments to Moscow's enclave of Kaliningrad jangled nerves on Tuesday for residents living just across the border who put faith in NATO membership to thwart any potential military action.

The Federal Reserve's aggressive monetary policy tilt has prompted some of Wall Street's biggest banks to ramp up forecasts for a U.S.

US calls Russia's threat against captured Americans 'appalling'

Japanese tennis player Naomi Osaka is launching a new media company in partnership with four-times NBA champion LeBron James aimed at telling stories that cross cultural barriers, the former world number one announced on Tuesday.

Transgender cyclist Veronica Ivy questioned the move by swimming's governing body FINA to restrict the participation of trans athletes in elite women's competitions, telling Reuters that there had not been enough research to guide such decisions.

Blockchain-based payments company Roxe Holding Inc is nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Ltd at a combined valuation of $3.65 billion, according to people familiar with the matter.

Blockchain-based payments company Roxe Holdings Inc is nearing a deal to go public through a merger with blank check company Goldenstone Acquisition Ltd at a combined valuation of $3.65 billion, according to people familiar with the matter.

Top U.N. officials voiced deep concern on Tuesday about human rights violations in Iran amid reports of rising numbers of executions, including of minors and Afghan migrants for drug-related offences.

Colombia's peso currency, its stock index and shares in state-run oil company Ecopetrol fell on Tuesday after leftist Gustavo Petro was elected president in a Sunday vote.

Portugal has picked 51 consortia to invest a total of 7.57 billion euros ($8 billion) in green and other innovative projects over the next four years as part of the European Union's recovery programme.

A Black former elevator operator at Tesla Inc's flagship California assembly plant on Tuesday rejected a $15 million award in his lawsuit alleging racial abuse by coworkers, opening the door for a new trial after a judge slashed a $137 million jury verdict.

Chevron Chief Executive Michael Wirth on Tuesday rebutted White House officials' criticism of the oil industry over energy costs, saying reducing fuel prices will require "a change in approach" by the government.

Chevron Chief Executive Michael Wirth on Tuesday rebutted White House officials' criticism of the oil industry over energy costs, saying bringing down fuel prices will require "a change in approach" by the government.