IBT Staff Reporter

Joint centre for Ukraine grain exports opens in Istanbul

Russian Foreign Minister Sergei Lavrov said on Wednesday that Moscow supported Ethiopia's efforts to stabilise its internal political situation in remarks that sought to draw a contrast with what he presented as meddling by the West.

French consumer goods company Danone's North America unit said on Wednesday it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the United States from Europe as a nationwide shortage persists, with another 550,000 cans on the way.

French consumer goods giant Danone's North America unit said on Wednesday it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the United States from Europe amid a nationwide shortage, with another 550,000 cans on the way.

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.

Russian anger after EU court upholds ban on RT

Iraq marked its longest post-election deadlock on Wednesday as infighting among Shi'ite and Kurdish groups in particular prevents the formation of a government, hampering reforms needed as the country struggles to recover from decades of conflict.

Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last.

Europe's largest consumer-focused firms are seeing no shortage of demand despite a cost-of-living crisis, prompting several to upgrade sales forecasts for the current year.

Boeing Co executives on Wednesday cut estimates for 737 MAX deliveries this year and warned that supply-chain constraints have capped its ability to ramp up jet production despite "significant" demand.

Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool demand for consumer electronics.

Microsoft Corp and Alphabet Inc results sparked a relief rally on Wednesday in heavyweight technology and growth shares as investors expressed confidence in Big Tech's ability to navigate a recession.

A strong outlook from Microsoft Corp and resilient Google ads sales from Alphabet sparked a relief rally on Wednesday in heavyweight technology and growth shares that have powered the stock market for the past decade.

The tech-heavy Nasdaq surged nearly 3% on Wednesday, leading Wall Street's main indexes higher, as upbeat quarterly reports from Microsoft and Alphabet lifted sentiment ahead of a key U.S.

Canada's leaders on Wednesday pointedly told Pope Francis of the horrors of Church-run residential schools for indigenous and the pontiff lamented that many were still living in poverty in one of the world's richest countries.

After arriving in Quebec, Pope Francis met on Wednesday with Canada's political leaders, a largely diplomatic pause from the main purpose of his trip - apologizing for the Church's role in running residential schools where abuse was rife.

Pope Francis landed in Quebec for meetings on Wednesday with Canada's political leadership, a largely diplomatic pause from the main purpose of his trip - apologizing for the Church's role in running residential schools where abuse was rife.

Pope Francis is on his way to Quebec for meetings on Wednesday with Canada's political leadership, a largely diplomatic pause from the main purpose of his trip - apologizing for the Church's role in running indigenous schools.

Pope Francis travels on Wednesday to Quebec for meetings with Canada's political leadership, a mostly political pause from the main purpose of his trip - apologizing for the Church's role in running indigenous schools.

Canada's Shopify Inc said on Wednesday it plans to scale back headcount and spending after a surprise quarterly loss as cost-conscious consumers cut back on online purchases, sending its battered shares 5% higher.

Tata Motors Ltd expects strong demand to drive up sales of its cars, including at the luxury Jaguar Land Rover (JLR) unit, as the semiconductor shortage eases, even as it posted a wider quarterly loss on higher costs.

Rogers Communications Inc extended the deadline to close its C$20 billion ($15.6 billion) buyout of rival Shaw Communications to December and said it would take a hit due to an outage that impacted millions of customers earlier this month.

Peruvian mining executives who oversee some of the world's largest copper mines are losing whatever slim thread of faith they may have had in left-wing President Pedro Castillo's ability to boost the sector, even after his shift away from early proposals to sharply raise taxes on the industry.

T-Mobile US Inc raised subscriber addition forecast for the second time this year as its strategy of selling relatively cheaper plans helped the carrier attract more price-conscious U.S.

Italian drinks companies are facing a shortage of the carbon dioxide (CO2) they need to put the fizz into their cans and bottles this summer as some gas producers cut output in response to rising energy costs.

McDonald's will increase the price of its cheeseburger by 20% in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation.

European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year amid raging inflation, war and energy shortages.

Humana Inc boosted its annual profit forecast on Wednesday, helped by lower-than-expected demand for non-urgent medical procedures, but the health insurer's shares fell as investors deemed the raise conservative.

Ukraine moves closer to grain exports, strikes Russian-held bridge