IBT Staff Reporter

European shares extended losses to a fourth session on Friday, as market participants braced for May U.S.

European shares slumped 2.7% on Friday after U.S. inflation came in hotter than expected, raising the prospect of a recession as central banks try to put a lid on prices.

A shift by Thailand's central bank to a more hawkish footing this week stunned markets and appeared to finally end policymakers' tolerance for mounting price pressures, but a range of risks are likely to keep any tightening gradual.

U.S. President Joe Biden and fellow leaders of the Americas are set to pitch a plan designed to stem illegal migration and manage record migrant numbers as a regional summit roiled by diplomatic squabbling draws to a close on Friday.

The United States rolled out a raft of actions to support migrants on Friday as U.S.

The United States on Friday unveiled a long list of measures to confront the migration crisis as President Joe Biden and fellow leaders prepared to issue a joint declaration thrashed out at a fractious Summit of the Americas.

The United States on Friday unveiled a long list of measures to confront the migration crisis as President Joe Biden and fellow leaders prepared to issue a joint declaration thrashed out at a fractious Summit of the Americas.

U.S. President Joe Biden and fellow leaders from the Western Hemisphere on Friday rolled out a new set of measures to confront the regional migration crisis, seeking to salvage an Americas summit roiled by division.

U.S. President Joe Biden and fellow leaders from the Western Hemisphere on Friday rolled out a new set of measures to confront the regional migration crisis, seeking to salvage an Americas summit roiled by division.

The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer "too big to fail" in any future crisis, though it found shortcomings at three major banks.

The Bank of England is satisfied lenders have taken steps to ensure they are no longer "too big to fail" in any future crisis, it said on Friday, though it did find shortcomings at three leading banks.

India's surprise decision to ban wheat exports has raised concerns about potential curbs on rice exports as well, prompting rice traders to step up purchases and place atypical orders for longer-dated deliveries.

Turkey's Treasury said on Friday fighting inflation remained its top priority after authorities announced fresh measures to shore up an economy beleaguered by surging prices and a sliding lira, though analysts expected the latest steps to have little effect.

Turkey's government launched a series of steps meant to harness its banks and bond markets to cool soaring inflation and stabilise a sliding currency, doubling down on President Tayyip Erdogan's aversion to raising interest rates.

Pakistan's government is set to present a budget for financial year 2022-23 on Friday aimed at tight fiscal consolidation in a bid to convince the International Monetary Fund (IMF) to release much-needed bailout payments for the cash-strapped country.

Pakistan Finance Minister Miftah Ismail on Friday unveiled the budget for the 2022/23 fiscal year starting July, aiming for economic growth of 5% amid pressure to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money.

Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money.

Shots fired, three injured in Hong Kong triad clash

Hungary's price caps on fuel, some basic foods and energy could stay in place for a longer period if the war in Ukraine is entrenched, sustaining high inflationary pressures, Prime Minister Viktor Orban said on Friday.

The European Central Bank's 'whatever it takes' commitment to bind the euro zone is wearing thin as it tries to 'normalise' monetary policy and give inflation hawks more say in how it goes about it.

Serial 'predator' admits rapes and assaults as trial opens in France

Old tricks, new crises: how US misinformation spreads

The U.S. Supreme Court could announce as soon as Monday whether it will hear Bayer's bid to dismiss claims its Roundup weedkiller causes cancer as the company seeks to avoid potentially billions of dollars more in damages and payouts.

Toxic cocktail darkens outlook for British pound

A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.

From Saddam to IS: Iraq still exhuming mass graves

Asteroid samples contain 'clues to origin of life': Japan scientists

Israel's govt marks one year but future uncertain

Ukraine war sparks debate over Finland's 'Achilles heel'