IBT Staff Reporter

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IMF's Georgieva: 'Trend Of Fragmentation Is Strong'

International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she worries less about the risk that the war in Ukraine and a further slowdown in China might trigger a global recession than she does about the strength of the trend toward economic and political fragmentation.

U.S. Treasury Pushes Russia Towards Default: What Next?

Russia edged closer to a historic debt default on Wednesday after the United States decided against extending a key license that had allowed Moscow to keep paying bondholders despite the sanctions imposed on it for attacking Ukraine.

Lawmakers Grill U.S. FDA On Response To Abbott Baby Formula Safety

Lawmakers grilled U.S. Food and Drug Administration officials on Wednesday over what they saw as a lack of urgency in the agency's response to complaints about possible baby formula contamination at a now shuttered Abbott Laboratories plant that led to severe nationwide shortages.

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