IBT Staff Reporter

Brazil's central bank on Wednesday raised interest rates by 50 basis points, in line with prevailing market expectations, and signaled another increase coming in the world's most aggressive rate-hiking cycle.

Brazil's central bank on Wednesday raised interest rates by 50 basis points, in line with prevailing market expectations, and signaled an upcoming increase of the same size or smaller, extending an aggressive tightening cycle.

As a historic drought grips southern California, one district is getting tough on water usage violators by reducing their supply directly from the source so that sprinklers and outdoor hoses no longer work.

The leaders of France, Germany, Italy and Romania walked amid the ruined buildings of the Ukrainian town of Irpin on Thursday in a show of support which the Kyiv government hopes will be followed by concrete action to help it in the war with Russia.

Several air raid sirens rang out in Kyiv as French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi started a joint visit to show support for Ukraine in its fight against the Russian invasion.

Most Gulf central banks followed the U.S. Federal Reserve on Wednesday, lifting their key interest rates by three-quarters of a percentage point, while Saudi Arabia made a smaller hike after the latest data showed inflation there slowing slightly.

Mexico's financial system is resilient and solid despite international economic and geopolitical volatility, the central bank chief said on Wednesday during the introduction of the monetary authority's financial stability report.

US panel recommends Covid vaccines for youngest children

The European Central Bank is likely to attach some loose conditions to an upcoming scheme designed to cap borrowing costs for the euro zone's most indebted states in a bid to win support for it, sources told Reuters.

Faraday Future Intelligent Electric will be able to launch its FF91 luxury vehicle without the need for additional funding, Chief Executive Officer Carsten Breitfeld said on Wednesday in an interview with Reuters.

Top executives of General Motors Co and Ford Motor Co said on Wednesday U.S.

A Uganda veteran opposition figure and long time opponent of aging leader Yoweri Museveni was remanded to prison on Wednesday after he was charged with offences for leading protests against soaring consumer prices.

Black Death origin mystery solved... 675 years later

Volkswagen asked for more time to review reports alleging human rights violations tantamount to "modern slavery" on a farm it owned in Brazil between 1974-1986, according to minutes of an administrative hearing on the probe seen by Reuters on Wednesday.

For the Ukrainian soldiers fighting to retake ground in the wheat fields and empty villages northwest of the city of Kherson, the liberation of one of Ukraine's most strategically important Black Sea cities feels tantalisingly close.

The United States imposed sanctions on Wednesday on two men linked to a Russian "ethnically motivated violent extremist group," one of whom visited the United States to connect with far-right groups while the other funded pro-Russian fighters in the Donbas.

Rather than invent a radical new instrument to ease bond market strains across the euro bloc, investors reckon the European Central Bank might get away with cobbling together the best parts of schemes already contained in its policy toolkit.

- The congressional panel investigating the Jan.

Spotify Technology SA will reduce its hiring by 25%, according to a source familiar with the contents of a companywide email, making it the latest tech company to curb expenses amid economic uncertainty.

Legislation to improve health care and benefits for veterans exposed to toxic military burn pits in Iraq and Afghanistan advanced with bipartisan support in the U.S.

Police have found human remains in their search for British journalist Dom Phillips and Brazilian indigenous expert Bruno Pereira after a suspect confessed to killing them in the Amazon rainforest, investigators said on Wednesday.

Police have found human remains in their search for British journalist Dom Phillips and Brazilian indigenous expert Bruno Pereira after two fishermen confessed to killing them in the Amazon rainforest, Brazil's justice minister said on Wednesday.

Two suspects have confessed to killing and dismembering British journalist Dom Phillips and indigenous expert Bruno Pereira, TV Globo reported on Wednesday, citing police sources, after the men went missing for over a week in Brazil's Amazon rainforest.

At least one suspect in the disappearance of British journalist Dom Phillips and his guide Bruno Pereira in Brazil's Amazon rainforest has confessed to killing and dismembering the men, broadcasters CNN Brasil and Band News reported on Wednesday.

Brazilian suspects in the disappearance of British journalist Dom Phillips and his Brazilian guide Bruno Pereira have confessed to killing and dismembering the men, broadcasters CNN Brasil and Band News reported on Wednesday.

Deadly heatwaves threaten economies too

New Mexico's Supreme Court on Wednesday ordered Otero County's Republican-led commission to certify June's primary election results, which it has refused to do, citing conspiracy theories about voting machines.

New Mexico's secretary of state is suing Otero County's Republican-led commission after it refused to certify June's primary election results, citing conspiracy theories about voting machines.

U.S. Attorney General Merrick Garland said on Wednesday the Justice Department supports congressional legislation aimed at boosting protections for federal judges, as jurists face mounting threats and intimidation.