IBT Staff Reporter

Russian President Vladimir Putin visits Tehran on Tuesday for a meeting with Supreme Leader Ayatollah Ali Khamenei, the first trip by the Kremlin chief outside the former Soviet Union since the invasion of Ukraine.

Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession clouds the demand outlook, but the physical oil trade and the futures market structure tell a quite different story.

It may take years to hold perpetrators of war crimes in Ukraine accountable, the European Union's top justice official told Reuters on Monday, but those responsible should know the threat of prosecution will hang over them "forever".

The new cabinet of Estonian Prime Minister Kaja Kallas was sworn in on Monday, re-establishing political stability, but she warned of tough times ahead for the economy as energy costs soar and inflation rages in the fall-out from the war in Ukraine.

A bloc of conservative parties, led by the far-right Brothers of Italy, looks likely to win a clear majority at the next elections, which might come as early as September, a study of recent opinion polls shows.

At least 20 people died, most of them women, and another 30 were missing after a boat carrying more than 100 people capsized in a river in central Pakistan on Monday, officials said.

Former Trump advisor Steve Bannon must stand trial for contempt next week, a judge ruled Monday, despite his belated U-turn in agreeing to testify before the committee investigating the US Capitol riot.

When Alisa Kovalenko signed up to fight for Ukraine, she says she was driven by outrage over Russia's invasion of her home, and memories of the sexual assault she survived during battles with Moscow-backed separatists eight years earlier.

The gunman who killed three people in a shopping mall near Indianapolis would likely have taken many more lives if not for the "heroic" actions of an armed bystander who shot the suspect dead and stopped the attack, police said on Monday.

The gunman who killed three people at a shopping mall near Indianapolis over the weekend before an armed bystander shot him dead was a 20-year-old local who had a juvenile record but no criminal history as an adult, the police chief said on Monday.

A 22-year-old bystander who witnessed a deadly shooting over the weekend at a shopping mall near Indianapolis was hailed as a hero on Monday for killing the gunman and limiting the number of casualties in the massacre.

General Electric Chief Executive Larry Culp said on Monday a new "GE Aerospace" brand for its aviation business pointed to a "wider strategic aperture" that could eventually lead to the industrial giant entering new businesses.

Harrowing video aired at death penalty trial of US school shooter

U.S. home builder sentiment plummeted in July to its lowest level since the early months of the coronavirus pandemic, as high inflation and the steepest borrowing costs in more than a decade brought customer traffic to a near standstill.

Bank of America has set aside around $200 million for a regulatory matter connected to the unauthorized use of personal phones, its chief financial officer Alastair Borthwick said on Monday, adding that he expects the matter to be settled soon.

Dr. Anthony Fauci, the chief medical adviser to the White House, confirmed he will retire by the end of President Joe Biden's first term, but it could come much earlier than that, the infectious disease expert told Reuters in an interview on Monday.

Global aviation's Farnborough airshow opens Monday amid a sweltering heatwave, with the sector aided by a modest recovery in air traffic and with Ukraine boosting defence budgets.

All six rate setters at the Bank of Israel supported raising the benchmark interest rate by 0.5 point to 1.25% at their July 4 meeting in a move that escalated a battle against rising inflation, the central bank's minutes showed on Monday.

Goldman Sachs Group Inc on Monday warned it may slow hiring and cut expenses, as the economic outlook worsens, after reporting a 48% slump in quarterly profit which beat forecasts due to gains in fixed-income and commodities trading.

Goldman Sachs Group Inc on Monday reported a smaller-than-expected 48% slump in second-quarter profit, buffered by the strength in its fixed-income trading as investors realigned their bets amid market volatility.

Russian shelling kills 6 in Donbas, EU defends sanctions on Moscow

The South Korean government on Monday called on striking workers at Daewoo Shipbuilding & Marine Engineering (DSME) to end their month-long siege of a dock at the company's biggest shipyard, which has paralysed production and is delaying delivery of new vessels.

U.S. companies are facing a "new era" in which fewer people are entering the workforce and pressure to pay higher salaries may become permanent, Microsoft Corp's President Brad Smith told Reuters in an interview.

S&P 500 chief executives made $18.3 million on average in 2021, 324 times the pay of their median workers and higher than the ratio in 2020, the top American labor union federation reported on Monday.

Europe's hottest summers

When 92-year old Indian citizen Reena Varma visits her childhood home in Pakistan this week, for the first time in 75 years, she will be the only one of her family to make it back home since they left shortly before partition divided the two nations.

Britain's former finance minister Rishi Sunak held onto his lead in the race to become Britain's next prime minister on Monday as another hopeful was knocked out, leaving four candidates in an increasingly bitter contest to replace Boris Johnson.

Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.

Wall Street stocks closed lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.