IBT Staff Reporter

Gearing reinvestments of pandemic-era bond purchases back into stressed markets may not be enough to prevent unmanageable divergences in borrowing costs across the euro area as the ECB hopes after ending its bond buying, UBS warned on Friday.

US inflation skyrockets, piling pressure on Biden

Germany will help Ukraine provide medical help for war victims by helping build trauma centres for the wounded, donating prosthetic limbs and deploying German doctors to the country, Health Minister Karl Lauterbach said on Friday.

Uvalde schools police chief Pete Arredondo said he never considered himself the incident commander of the scene of last month's school shooting in Texas that killed 19 children and two teachers, and that he did not order police to hold back on breaching the building.

Hit by war, Ukraine toy maker back in business

Canada's jobless rate inched down to a new record low after adding more jobs than expected in May, and wage growth picked up steam, official data showed on Friday, bolstering the case for an even larger rate increase next month by the central bank.

U.S. President Joe Biden has promised his Brazilian counterpart Jair Bolsonaro the United States will reconsider tariffs levied on Brazilian steel as they held a bilateral meeting on Thursday, two Brazilian government sources said.

U.S. President Joe Biden has promised his Brazilian counterpart Jair Bolsonaro the United States will reconsider tariffs levied on Brazilian steel as they met on Thursday, two Brazilian government sources said.

The fight against climate change is also a fight for the right to education of girls, millions of whom lose access to schools due to climate-related events, Nobel Peace Prize laureate Malala Yousafzai told Reuters on Friday.

Signatories to a declaration at the U.S.-hosted Summit of the Americas on Friday will pledge to expand temporary work programs for migrants and improve their legal options as the region works to manage record levels of migration, U.S.

The Biden administration will spend $314 million to support Venezuelan migrants across the Western Hemisphere and restart programs allowing some Cubans and Haitians to reunite with family members in the United States, U.S.

One of Sri Lanka's richest businessmen will replace the president's brother in parliament, a ruling party official said on Friday, as the cash-strapped country moves forward on talks for a bailout plan with the International Monetary Fund (IMF).

Pope Francis' July 2-7 trip to Democratic Republic of Congo and South Sudan has been cancelled because of the 85-year-old pontiff's knee ailment, the Vatican said on Friday.

Pope Francis' trip to Africa next month has been cancelled because of the 85-year-old pontiff's knee ailment, the Vatican said on Friday, raising questions about his ability to walk during the rest of his papacy.

A former top seller for Amazon in India, Cloudtail, has accused India's antitrust agency of illegally detaining its employees during a raid over suspected competition law violations, court documents seen by Reuters show.

Biden leads Americas pledge on migration after contested summit

Indonesia's head of the armed forces said on Friday that he is investigating a Reuters report that navy officers asked for a payment of $375,000 to release a fuel tanker detained last week on suspicion of anchoring illegally in its waters.

U.S. stocks were set to open sharply lower on Friday as consumer prices rose more than expected in May, dashing hopes that inflation is peaking and fanning worries about more aggressive steps by the Federal Reserve to tame it.

U.S. stock indexes slid on Friday as consumer prices rose more than expected in May, dashing hopes that inflation is peaking and fanning worries about more aggressive steps by the Federal Reserve to tame it.

Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector.

Pressure grows on France after Champions League CCTV footage deleted

The director of a documentary about pro-democracy protests in Hong Kong defended his film on Friday as a truthful historical record after the city's police chief advised people not to watch it.

A congressional panel investigating last year's assault on the U.S.

French left seeks comeback against Macron in parliamentary polls

China will 'not hesitate to start war' over Taiwan, Beijing tells US

Italian industrial output was much stronger than expected in April, rising 1.6% from the month before after a 0.2% gain in March, data showed on Friday, boosting growth prospects for the second quarter.

Czech headline inflation soared to 16% in May, above expectations, to hit a nearly 30-year high, statistics office data showed on Friday.

Japan's government and the central bank are "concerned" about recent sharp yen declines and stand ready to respond as needed on currency policy, they said in a rare joint statement on Friday.

Japan's government and central bank said on Friday they were concerned by recent sharp falls in the yen in a rare joint statement, the strongest warning to date that Tokyo could intervene to support the currency as it plumbs 20-year lows.