IBT Staff Reporter

A pioneering drone lifeguard service rolled out across Spanish beaches saved the life of a 14-year-old boy this month as he struggled against a powerful tide off a beach in Valencia, its operators have said.

Philippine President Ferdinand Marcos Jr on Monday outlined ambitious plans for his six-year term in office that focus on fiscal management, infrastructure upgrades and turning the long-neglected farm sector into an engine of growth.

Philippine President Ferdinand Marcos Jr on Monday promised tax reforms, a faster infrastructure upgrade and to turn his country into an investment destination, while pledging to transform agriculture to drive growth and reduce reliance on food imports.

Philippine President Ferdinand Marcos Jr pledged on Monday to overhaul his country's tax system and make it a destination for investment and tourism, promising also a big agriculture overhaul to boost output and reduce its heavy import reliance.

The Reserve Bank of India (RBI) is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said on Monday.

Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world's largest tech companies.

Rishi Sunak on Sunday promised to get tough on China if he becomes Britain's next prime minister, calling the Asian superpower the "number one threat" to domestic and global security.

China Evergrande Group, the world's most indebted developer, is expected to announce this week a debt restructuring plan that will not only determine its future but also indicate how Beijing plans to overcome a deepening property sector crisis.

Indonesia's central bank said a plan to sell billions of dollars worth of bonds bought during the pandemic would be conducted carefully, after analysts warned the move could spark debt outflows and complicate an agreement with fiscal authorities.

Futures contracts tied to the Federal Reserve's policy rate showed on Monday that benchmark U.S.

French satellite company Eutelsat said it was in talks over a possible all-share merger with British rival OneWeb, which could help both companies challenge the likes of Elon Musk-owned SpaceX's Starlink and Amazon.com's Project Kuiper.

Record-breaking Duplantis soars at Eugene worlds

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.

New Zealand Prime Minister Jacinda Ardern said on Monday that there were early signs that new COVID-19 cases were falling, even as hospitalisations jumped to their highest level since March.

The Indian rupee rose to its highest in more than a week on Monday afternoon tracking broad losses in the dollar, while bond yields edged down, mirroring the move in their U.S.

Russia will further cut gas supplies to Europe in a blow to countries that have supported Kyiv just as there was hope on Monday that Ukraine's blocked grain exports would resume this week.

Russia dealt a new blow to European countries over their support for Ukraine on Monday, saying it would further cut gas supplies through its single biggest gas link to Germany.

Russia's Gazprom is set to cut supplies further through its single biggest gas link to Germany, crushing hopes a deal over grain supplies would lessen the economic impact of the Ukraine war.

Ukraine said on Monday it hoped a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from the Black Sea region would start to be implemented this week.

Russia on Monday brushed aside Western and Ukrainian alarm that a missile strike by its forces on Ukraine's port of Odesa could derail a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from the Black Sea region.

Ukraine forged ahead on Monday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but said a weekend missile strike by Russian forces on Odesa underlined the risks to deliveries.

Dutch medical equipment maker Philips posted a bigger-than-expected drop in second-quarter core earnings on Monday, saying supply shortages and lockdowns in China had dented sales.

Ryanair expects to return to pre-COVID profit levels this year or next but the recovery remains fragile and could still be knocked off course by oil prices, geopolitics or an Omicron wave, Chief Executive Michael O'Leary said on Monday.

Henderson Land Development Co, one of Hong Kong's four major developers, plans to lend more land to the government to build transitional homes and is keen to help accelerate development of an area close to the Chinese border.

The centuries-old mines stirring Japan-South Korea tensions

The number of Australians admitted to hospitals with COVID-19 hit a record of about 5,450 on Monday, official data showed, as the spread of highly contagious new Omicron sub-variants strains the healthcare system nationwide.

The white sands of Namatakula have nurtured generations of world-class rugby talent but rising sea levels threaten to force the abandonment of the palm-fringed village on Fiji's Coral Coast within a few years.

An unmarried woman in China has lost a court challenge seeking to freeze her eggs, highlighting concerns about a lack of technology options for Chinese people who consider delaying parenthood.

Pope on 'penitential' visit to Canada Indigenous school survivors