IBT Staff Reporter

United Parcel Service on Tuesday said it will not lift the number of packages it delivers for Amazon.com, its biggest customer, as it focuses on shipments with the highest financial returns.

United Parcel Service Inc on Tuesday reported a better-than-expected quarterly profit, after it raised shipping rates and held the line on the number of Amazon packages it will deliver in its bid to focus on more lucrative shipments.

United Parcel Service Inc on Tuesday reported a better-than-expected quarterly profit as more expensive deliveries helped the largest U.S.

General Motors Co on Tuesday reaffirmed its full-year profit outlook on an expected surge in demand and said it was curbing spending and hiring ahead of a potential economic slowdown, but a 40% drop in its quarterly net income disappointed, sending shares lower.

General Motors Co on Tuesday reaffirmed its full-year profit outlook on an expected surge in demand and said it was curbing spending and hiring ahead of a potential economic slowdown, but a 40% drop in its quarterly net income disappointed, sending shares lower in premarket trading.

General Motors Co on Tuesday reaffirmed its full-year profit outlook, citing an expected sharp pickup in demand, but also said it was preparing for a potential economic slowdown by cutting spending and limiting hiring.

Top U.S. cattle feeding companies sent 1,000-pound carcasses to a Kansas landfill, where they were flattened by loader machines and mixed with trash, after a June heatwave killed thousands of cows, documents seen by Reuters show.

Tunisia president hails vote set to bolster rule

Boeing's cash flow will be the focus on Wednesday when the U.S.

At least five people were killed and about 50 wounded in anti-United Nations protests in Democratic Republic of Congo's eastern city of Goma on Tuesday, a government spokesman said.

At least 15 people were killed and about 50 wounded during a second day of violent anti-United Nations protests in Democratic Republic of Congo's eastern cities of Goma and Butembo on Tuesday, authorities said.

Bangladesh has sought a $4.5 billion loan from the International Monetary Fund, the Daily Star newspaper reported on Tuesday, joining South Asian neighbours Pakistan and Sri Lanka in seeking help to cope with mounting pressure on their economies.

Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero.

Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero.

U.S. and Taliban officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, three sources familiar with the talks said, offering a hint of progress in efforts to ease Afghanistan's economic crisis.

U.S. and Taliban officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, three sources familiar with the talks said, giving a hint of progress in efforts to ease Afghanistan's economic crisis.

European shares fell on Tuesday, with those of Germany and Italy leading declines across major euro zone bourses as European Union countries approved a weakened emergency plan to curb their gas demand, while retail stocks slid after Walmart's profit warning.

Russia criticised Israel's stance on the war in Ukraine but said on Tuesday that a dispute over a Jewish emigration agency was a legal matter that should not spill over into bilateral ties.

Taiwan President Tsai Ing-wen boarded a naval warship on Tuesday for only the second time in her six years in office, where she lauded the military's determination to defend the island while overseeing its largest annual naval and air exercises.

Russian gas giant Gazprom's announcement that it will further slash deliveries to Europe this week is politically motivated, European Union energy policy chief Kadri Simson said on Tuesday, disputing the company's claim that it had cut supply because it needed to halt the operation of a turbine.

It should surprise no one that the first big pandemic-era display of worker power was in air travel, according to Sharan Burrow, head of the International Trade Union Confederation.

From the way 45-year-old Swiss glaciologist Andreas Linsbauer bounds over icy crevasses, you would never guess he was carrying 10 kg of steel equipment needed to chart the decline of Switzerland's glaciers.

European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability.

New Zealand's central bank is reviewing its recent performance regarding monetary policy, Governor Adrian Orr said on Tuesday, after criticism of its pandemic measures, and those of other central banks, figured in a recent report.

'No panic' as 'dented' All Blacks prepare to face Springboks

It's not all doom and gloom.Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain startups at a pace that's set to outstrip last year's record.

Sri Lanka canvassed oil companies in petroleum-producing nations on Tuesday to import and sell their products in the Indian Ocean island, opening its market to resolve acute shortages of fuel during its worst economic crisis in decades.

When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia's invasion of Ukraine, his pledge was greeted with scepticism.

UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with some analysts predicting the Swiss bank will see harsh conditions in the second half.