IBT Staff Reporter

Democratic Republic of Congo closed its border with Rwanda on Friday after a Congolese soldier was shot dead while attacking border guards inside Rwandan territory.

Rwandan police on Friday shot dead a Congolese soldier who crossed the border and fired at border security, Rwanda's army said, near an area where Congo's army is battling rebels it accuses Rwanda of backing.

An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to trigger a relief rally at the end of a turbulent week.

Macron, Zelensky turn page on Russia 'humiliation' spat

Sri Lanka schools, govt offices to shut as transport grinds to halt

Biden calls clean energy matter of national security

Italy may declare a heightened "state of alert" on gas next week if Russia continues to curb its supplies, two government sources said on Friday after energy company Eni reported a shortfall in flows from Moscow for the third day in a row.

Sri Lanka's government on Friday ordered public sector employees to work from home for two weeks due to severe fuel shortages as the island nation grapples with its worst financial turmoil in seven decades.

South Korean aerospace and defense company Innospace will be the first private business to send up a rocket from the Alcantara launch center in northern Brazil in December, Brazilian Space Agency President Carlos Moura told Reuters on Friday.

Brazilian motorists will soon pay more at the pump after state-run Petrobras said it plans to hike fuel prices from Saturday as the country grapples with soaring inflation ahead of elections later this year.

Europe swelters in record-breaking June heatwave

DR Congo soldier killed in gunfire on Rwandan border

The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday that the rising risk of recession will not stop its battle to bring down searing inflation that's punishing American households.

The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday it will not let anything stand in the way of its battle to bring down the searing inflation that's punishing American households.

The London Metal Exchange (LME) approved rules on Friday for members to report all over the counter (OTC) positions, a move taken after off-exchange trading was partly blamed for a wild spike in nickel prices in March.

The U.S. Food and Drug Administration on Friday authorized two COVID-19 vaccines for children under 5, opening the door to vaccinating millions of the country's youngest children once the Centers for Disease Control and Prevention agrees.

Russia gas squeeze threatens Europe's stockpiling plans

Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline, which take gas directly to Germany, would be cut by around 60%, dramatically reducing European gas supply.

Private equity investors gathered in Berlin at their annual get-together are fretting a season of record buyouts is drawing to a close after a week of market turmoil and recession fears as central banks across Europe have hiked interest rates.

British finance minister Rishi Sunak has toughened his language towards Bank of England Governor Andrew Bailey, a reflection of the political pressure piling on them both as inflation surges towards double digits.

Cuban Miguel Palenzuela, 52, and his wife Ania have been waiting for a month outside Colombia's embassy in Havana in hopes of securing a visa to travel through the South American nation.

Saudi crown prince to visit Turkey in first since Khashoggi murder

The Group of 20 (G20) major economies aims to raise $1.5 billion this year for a fund set up to better prepare for future pandemics, the health minister of current G20 president Indonesia said on Friday.

Colombians will vote on Sunday for their next president, choosing between leftist Gustavo Petro, who promises profound social reforms, and eccentric business magnate Rodolfo Hernandez, who has found fertile ground in anti-corruption rhetoric despite facing a graft investigation.

Canada's main stock index fell on Friday to close out its worst week in more than two years, as the energy sector continued its recent losing streak and offset gains by technology and consumer discretionary stocks.

Canada's main stock was set for its biggest weekly drop since the pandemic-driven market rout in March 2020, even as gains in healthcare and technology firms lifted the market on Friday.

Zelensky hails EU backing as intense shelling hits Donbas

Germany's Thyssenkrupp said on Friday it would not pursue an initial public offering (IPO) of its hydrogen division Nucera for now, amid a volatile market that has already delayed numerous listings.

Assange vows to fight UK approval of extradition to US