IBT Staff Reporter

Canada's main stock index looked to break a seven-day winning streak on Tuesday, as prospects of aggressive monetary tightening by central banks stoked concerns of a global economic slowdown.

Canada's main stock snapped its recent winning streak on Tuesday, pressured by a drop in resource shares, as investors grew more nervous that central banks would hike interest rates aggressively to tame inflation.

U.S. President Joe Biden and Federal Reserve Chair Jerome Powell met on Tuesday to discuss historic inflation that is draining Americans' pocketbooks.

U.S. President Joe Biden on Tuesday met with Federal Reserve Chair Jerome Powell to discuss historic inflation that's draining American wallets, even as he assured the central bank chief he would have freedom from political interference.

U.S. stocks fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus turning to talks between U.S.

U.S. stocks traded mixed on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus on talks between U.S.

The S&P 500 fell slightly on Tuesday after a three-session rally as volatile trading in oil prices kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.

The S&P 500 closed lower on Tuesday after a three-session rally as volatile oil trading kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.

Wall Street's three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.

Eritrean forces shelled a town in north Ethiopia over the weekend, according to internal U.N.

With the Federal Reserve set to begin letting bonds mature off its $9 trillion balance sheet, the key metric to watch will be whether Treasury volatility picks up a result in a market already suffering bouts of low liquidity.

With the Federal Reserve set to begin letting bonds mature off its $9 trillion balance sheet, the key metric to watch will be whether Treasury volatility picks up as a result in a market already suffering bouts of low liquidity.

Ex-Tory leader predicts UK's Johnson to face confidence vote

Sri Lanka's cash-strapped government on Tuesday announced a taxation overhaul to boost revenue amid the country's crippling economic crisis, hiking value added taxes and corporate income tax, and slashing the relief given to individual taxpayers.

EU's Russian oil ban unlikely to affect OPEC+ decision

A potential halt of energy imports from Russia would have a negative short-term economic impact of eroding gross domestic product for the European Union as a whole by between 2.5% and 4.2%, Spain's central bank said on Tuesday.

Ukraine war boosts Africa's humanitarian emergency: UN official

The grieving Texas town of Uvalde began laying to rest the 21 children and teachers shot to death at an elementary school one week ago, with funerals scheduled on Tuesday for a pair of slain 10-year-old girls as Governor Greg Abbott issued a disaster declaration for the city.

The grief-wrenched Texas town of Uvalde on Tuesday began burying its dead from the bloodiest U.S.

Eurozone inflation soars to new record over Ukraine war

French ex-chambermaid runs for MP after labour battle

A top airline industry official called on Tuesday for calm surrounding recent travel chaos at some airports as people resume flying after the pandemic, blaming the gridlock on temporary delays in getting clearances for new staff.

Euro zone inflation rose to another record high in May, boosting government bond yields as markets saw the data as a challenge to the European Central Bank's view that gradual interest rate increases from July will be enough to tame fast price growth.

European Central Bank policymakers sparred over the size of their upcoming rate increases on Tuesday as data showed euro zone inflation rising to another record high in May.

Survival, hope and desperation in Ukraine's war of attrition

Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% drop in production that would worsen the impact of its already-severe financial crisis.

A Ukrainian court sentenced two captured Russian soldiers to 11 and a half years in jail on Tuesday for shelling a town in eastern Ukraine, the second war crimes verdict since the start of Russia's invasion in February.

Israel signs UAE free trade deal, its first in Arab world

European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday that aims to cut 90% of Russia's crude imports into the bloc by the end of the year.