IBT Staff Reporter

Russia's failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago.

Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.

The European Union on Friday blacklisted Russian military commanders who it said led troops involved in atrocities in Ukraine, describing them as the "butchers" of Bucha and Mariupol.

The fighting may be more than 2,000 kilometres (1,200 miles) away across sea and land, but on their remote, rocky outcrop off the southern coast of Finland, the inhabitants of Aland fear the Russian invasion of Ukraine could change their lives for good.

U.S. jobs gains of 390,000 in May and still strong wage growth leave the Federal Reserve on track for half point interest rate increases in June and July as the U.S.

The Federal Reserve is on track for half point interest rate increases in June, July, and perhaps even beyond as fresh job market data Friday showed no sign the U.S.

The Federal Reserve is on track for half point interest rate increases in June, July, and perhaps even beyond as fresh job market data Friday showed no sign the U.S.

Split on drug culture, Mexican ballads flourish in digital age

US continues to add jobs as wage gains slow

Yemeni cancer patient Mohsen al-Najdi has to drive more than three hours along narrow mountain roads to receive chemotherapy he can barely afford in Taiz, a city which has been largely cut off from the rest of Yemen during a seven-year war.

Credit Suisse is likely to remain in the blue-chip Swiss Market Index (SMI) when it is up for a review in early July, even after the crisis-ridden bank has lost about a third of its value since the last index revision a year ago.

Train crash kills at least four near German resort

Return of Harry and Meghan splits opinion

Boeing Co Chief Executive Dave Calhoun said on Friday the U.S.

Boeing Co Chief Executive Dave Calhoun said on Friday the U.S.

Ukraine's embattled eastern region of Donetsk will not fall quickly to Russia's assault, but it needs the world to supply more weapons to keep the offensive at bay, its governor told Reuters on Friday.

The U.S. Food and Drug Administration has raised concerns about a possible risk of heart inflammation from Novavax Inc's COVID-19 vaccine, even as the company's data showed it could reduce the chances of mild-to-severe disease.

Senegal's President Macky Sall said Russia's Vladimir Putin had told him on Friday he was ready to enable the export of Ukrainian grain to ease a global food crisis that is hitting Africa especially hard.

Senegal's President Macky Sall said Russia's Vladimir Putin had told him on Friday he was ready to enable the export of Ukrainian grain to ease a global food crisis that is hitting Africa especially hard.

Indian Oscars return as Abu Dhabi hosts Bollywood bash

Anastasia Zaitseva waits with her two young children outside the Black Sea resort hotel she has called home since March to board a bus for another journey to an unknown destination after fleeing war in Ukraine.

When Hurricane Agatha battered a Mexican beach hamlet popular with LGBTQ residents and visitors earlier this week, members of the community sprang into action to help the town rebound.

Ukraine claims Russian forces pushed back in east in fierce fighting

Turkey expects progress on a plan to unlock grains exports from Ukraine's Black Sea ports when Russia's foreign minister visits next week and both Moscow and Kyiv want a solution despite their conditions, a senior Turkish official said.

Ontario premier Doug Ford will have a long list of promises to fulfill after voters handed his Progressive Conservatives a second term in Canada's most populous province, even as he cuts taxes and fees, bringing in less revenue.

More than a year into U.S. President Joe Biden's sweeping effort to tackle the "root causes" of migration with aid to Central America, projects likely worth millions of dollars have been canceled or put on hold due to corruption and governance concerns, U.S.

For Walmart and Target, location matters - especially when it comes to transportation costs.

U.S. stock indexes fell on Friday after a solid jobs report appeared to give the Federal Reserve a green light to continue on an aggressive policy-tightening path to cool decades-high inflation while shares of Apple and Tesla weighed heavily.

Wall Street's three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation.