IBT Staff Reporter

Ford Motor Co needs to overhaul its century-old business model - from slashing advertising spending to reworking its dealer network - if it is to earn enough profit on electric vehicles to compete with Tesla and others, the automaker's chief executive said on Wednesday.

Monkeypox appears to be spreading from person to person in England, the UK Health Security Agency (UKHSA) said on Wednesday.

The Christian Lebanese Forces party will reject anyone aligned with the armed Shi'ite movement Hezbollah as prime minister and stick to its boycott of government if a new consensus cabinet is formed, the party's leader said on Wednesday.

UK airlines under fire for jubilee and summer getaway chaos

Depp celebrates defamation verdict, Heard 'heartbroken'

A panel of investors on Wednesday determined Russia had triggered a credit event after it failed to pay nearly $1.9 million in interest on a sovereign bond, taking the nation a step closer to its first major external debt default in over a century.

A panel of investors on Wednesday found Russia had triggered a credit event after it failed to pay nearly $1.9 million in interest on a sovereign bond, taking the nation a step closer to its first major external debt default in over a century.

Russia's failure to pay $1.9 million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars, a panel of investors determined on Wednesday, as the country teeters on its first major external debt default in over a century.

COVID-19 cases in the Americas increased 10.4% last week from the previous one, but countries must also pay attention to a rise in other respiratory viruses in the region, the Pan American Health Organization (PAHO) said on Wednesday.

Ecuador's National Assembly late on Tuesday voted to remove its head, Guadalupe Llori, a close ally of President Guillermo Lasso, accusing her of failing to perform her duties and appointing one of her deputies in her stead.

Wells Fargo & Co's Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells' corporate and investment banking business on Wednesday by $1 billion opportunity.

Businesses in the sleepy Italian town of Cartigliano are so worried about its declining birth rate and lack of workers that they have begun paying families' nursery school fees and childcare costs to spur them to have more babies.

Jubilee boost then brake predicted for UK economy

Outbreaks of endemic diseases such as monkeypox and lassa fever are becoming more persistent and frequent, the World Health Organization's (WHO) emergencies director, Mike Ryan, warned on Wednesday.

Outbreaks of endemic diseases such as monkeypox and lassa fever are becoming more persistent and frequent, the World Health Organization's (WHO) emergencies director, Mike Ryan, warned on Wednesday.

Outbreaks of endemic diseases such as monkeypox and lassa fever are becoming more persistent and frequent, the World Health Organization's (WHO) emergencies director, Mike Ryan, warned on Wednesday.

World No. 1 Swiatek extends winning run to reach French Open semis

BMW is still hammering out how to make good on a promise to build the world's first fossil-free plant in Hungary, from how much energy can be generated on-site to how much storage will be needed, the carmaker's production chief said.

India's effort to break Amazon Inc and Walmart Inc's dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said.

The Biden administration is likely to raise ethanol blending mandates for 2021 above its proposed figure in December to align with U.S.

The Biden administration is likely to raise ethanol blending mandates for 2021 above the figure it proposed in December to align with U.S.

The Biden administration is likely to raise ethanol blending mandates for 2021 above the figure it proposed in December to align with actual U.S.

Wells Fargo & Co CEO warned on Wednesday that the Federal Reserve would find it "extremely difficult" to manage a soft landing of the economy as the central bank seeks to douse the inflation fire with jumbo interest rate hikes.

Top U.S. bank CEOs on Wednesday flagged the growing risks to the economy from rising inflation, which is slowing consumer spending and threatens the push the world's biggest economy into a recession unless the Federal Reserve acts more forcefully.

Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S.

Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S.

Dressed in body armour and a protective visor, Iryna Kustovska slowly sweeps a metal detector across a patch of grass in search of a buried fake landmine as her machine emits high-pitched squeaks.

Canadian manufacturing activity expanded at a faster pace in May as firms raised output to meet strong demand for their goods and inflation pressures showed some signs of easing, data showed on Wednesday.

Spain is set to become the first European country to have a law regulating the use of so-called loot boxes in videogames, aiming to avoid "thoughtless, compulsive or even pathological" consumer behaviour, the government said on Wednesday.