IBT Staff Reporter

The Biden administration will announce on Wednesday more than $2.1 billion in funding to shore up weaknesses in the country's food supply system exposed during the COVID-19 pandemic and the aftermath of the Russian invasion of Ukraine.

The Biden administration announced on Wednesday more than $2.1 billion in funding to shore up weaknesses in the country's food supply system exposed during the COVID-19 pandemic and the aftermath of the Russian invasion of Ukraine.

British manufacturing activity expanded in May at the weakest rate since January 2021, as producers of consumer goods struggled against a worsening cost-of-living crunch, a survey showed on Wednesday.

Shanghai euphoria tempered by deep wound to China's economy

Plunging casino revenues in Macau, the world's largest gambling hub, are taking a heavy toll on the wider economy, forcing hundreds of businesses to close down and pushing unemployment to its highest level since 2009.

Pope Francis appealed to authorities on Wednesday to lift a block on exports of wheat from Ukraine, saying the grain could not be used as a "weapon of war".

Pfizer plans to exit its 32% stake in Haleon, a consumer health joint venture with British drugmaker GSK, after the business lists as an independent company in July, GSK said on Wednesday.

Pfizer plans to sell its 32% stake in Haleon, its consumer health venture with British drugmaker GSK, after the business lists as an independent company in July, GSK said on Wednesday.

Markets may be missing the mix.As financial markets parse monetary policy tea leaves by the hour and remain in thrall to the twists and turns of major central banks, some argue investors are missing the broader economic policy picture shaping the years ahead.

The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors about "green" investments.

Cyprus takes risky bet on casinos

Danes say 'yes' to joining EU common defence policy

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations.

The Bank of Canada opened the door to a more aggressive pace of tightening on Wednesday, saying it was prepared to act "more forcefully" if needed to tame inflation, even as it went ahead with a historic second consecutive 50-basis-point rate increase.

Australia's foreign minister Penny Wong will travel to the Pacific island kingdom of Tonga on Friday, days after her Chinese counterpart visited and discussed Tonga's heavy debts to Beijing, Tonga's government said.

Trans Rohingya refugee fights prejudice with beauty

Speaking from the back of a pickup truck decked out with campaign posters and loudspeakers, veteran politician Son Chhay is determined to convince voters that democracy in Cambodia is not dead.

Singaporeans in a flap at Malaysian chicken export curbs

Mother-of-two Yang Zengdong, 40, is ready to take her family for a long-awaited outing to mark Shanghai's grand re-opening from COVID-19 lockdown on Wednesday.

Singapore is bracing for a shortage of its de-facto national dish, chicken rice, as major supplier Malaysia halts all chicken exports from Wednesday.

Police probe death of star Bollywood singer KK at 53

Shanghai sprung back to life on Wednesday after two months of bitter isolation under a ruthless COVID-19 lockdown, with people driving cars again or cramming into trains and buses to go back to work, hoping to never go through a similar ordeal again.

Shanghai sprung back to life on Wednesday after two months of bitter isolation under a ruthless COVID-19 lockdown, with shops reopening and people going back to offices, parks and markets, hoping to never go through a similar ordeal again.

The dollar rose to a two-week high versus the yen on Wednesday, lifted by higher Treasury yields as global inflation worries flared anew.

The euro edged further away from a monthly high on Wednesday and the U.S. dollar nudged higher, lifted by higher Treasury yields as global inflation worries flared anew.

The euro edged further away from a one-month high on Wednesday and the U.S. dollar nudged up, lifted by higher Treasury yields as global inflation worries flared anew.

The U.S. dollar rose against the euro on Wednesday, helped by upbeat U.S.

The U.S. dollar rose against the euro on Wednesday, helped by upbeat U.S.

Morocco economic rebound threatened by drought, Ukraine war