IBT Staff Reporter

Ministers from the world's richest democracies agreed on Friday to work to phase out coal-powered energy, although they failed to set a date for doing so, and said the energy crunch brought on by Russia-Ukraine war should not derail efforts to fight climate change.

May 27, 2022

Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global energy crunch brought on by the Russian invasion of Ukraine, even as they announced a breakthrough commitment to phase out coal-fuelled power.

May 27, 2022

Brazil is preparing to receive a record number of international observers for its October election, according to electoral authorities and participating organizations, amid a polarized presidential race in which President Jair Bolsonaro has questioned the reliability of electronic voting machines.

May 27, 2022

China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash instalments and equity in two of its Hong Kong-listed units, two sources said, as the world's most indebted developer struggles to emerge from its financial crisis.

May 27, 2022

One of the worst starts to a year in decades might lead you to think investors are already braced for an economic storm ahead, but it's far from clear recession risks have been taken on board or are fully priced.

May 27, 2022

When Shanghai began its draconian COVID-19 lockdown two months ago, the French restaurant where Sun Wu waited tables closed and the 22-year-old, like countless other rural migrants, lost his job.

May 27, 2022

Shanghai took further gradual steps on Friday toward lifting its COVID-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China continues its uneven exit from restrictions.

May 27, 2022

Shanghai took more gradual steps on Friday towards lifting its COVID-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China soldiered on with its uneven exit from restrictions.

May 27, 2022

Alphabet Inc's Google is in talks with the Indian government to integrate its shopping services with the country's open e-commerce network ONDC, two sources familiar with the matter told Reuters.

May 27, 2022

Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business following two gruelling years of closed borders.

May 27, 2022

Books about the late Philippine dictator Ferdinand Marcos and his brutal era of martial law are flying off the shelves, spurred by "panic buying" after his son and namesake won a May 9 presidential election.

May 27, 2022

How women have managed periods throughout history

May 27, 2022

Dream fulfilled for Imelda Marcos as family reclaims presidency

May 27, 2022

Thailand's exports in April rose at a much slower pace than the previous month and less than expected, commerce ministry data showed on Friday, coming under the pressure of Russia's invasion of Ukraine and China's lockdown measures.

May 27, 2022

Energy security has become a top priority for importers as forecasts of tighter gas supplies and volatile prices in the next few years are keeping buyers on edge and impeding the push towards decarbonisation, energy executives said.

May 26, 2022

New 'Star Wars' series with Jude Law in works as Disney targets streaming

May 26, 2022

A South Korean volunteer fighter returned home from Ukraine on Friday saying he had to recover from injuries and was ready to face a police investigation on suspicion of breaking the law by defying a government ban on travel to Ukraine.

May 26, 2022

The U.S. dollar sank to a one-month low versus major peers on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its tightening cycle in the second half of the year.

May 26, 2022

The U.S. dollar sank to a one-month low versus major rivals on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its tightening cycle in the second half of the year.

May 26, 2022

The dollar was set for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S.

May 26, 2022

The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S.

May 26, 2022

The dollar edged lower and was on track for its second-straight weekly decline as traders pared expectations for U.S.

May 26, 2022

The dollar edged lower on Friday on its way to a second-straight weekly decline as traders pared expectations for U.S.

May 26, 2022

Ukraine's Zelensky accuses Russia of 'genocide' in Donbas onslaught

May 26, 2022

The Arctic's tricky quest for sustainable tourism

May 26, 2022

Asian shares extended overnight global gains thanks to strong results from regional tech firms and U.S.

May 26, 2022

Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S.

May 26, 2022

World stocks were heading for their first weekly gain in eight weeks on Friday on a more upbeat earnings view while the dollar hit one-month lows after the Federal Reserve's minutes suggested it could put the brakes on rapid rate hikes later this year.

May 26, 2022

U.S. stocks were indicating a higher open on Wall Street and world stocks eyed their first weekly gain in eight on Friday on a more upbeat earnings view and after this week's Federal Reserve minutes dampened fears of mega-high interest rates.

May 26, 2022