IBT Staff Reporter

Netflix broke Hollywood's rules to create a $82 billion global streaming colossus that the rest of the entertainment industry rushed to copy.

UK-Japanese collaboration on fighter jets and a multibillion-dollar Boeing passenger plane order gave a lift to the aviation industry on Monday as the Farnborough Airshow returned in a heatwave tipped to break UK records.

A multibillion-dollar Boeing plane order and signs of UK-Japanese cooperation on fighter jets gave a lift to the aviation industry on Monday as the Farnborough Airshow returned in a heatwave tipped to break UK records.

Aviation bosses gathered for the return of the Farnborough Airshow on Monday, aiming for a display of confidence after the devastation of COVID-19, even though the only records likely to be broken at the event are for sweltering temperatures.

Aviation bosses gathered for the return of the Farnborough Airshow on Monday, aiming for a display of confidence after the devastation of COVID-19, even though the only records likely to be broken at the event are for sweltering temperatures.

Johannesburg transport project digs into wounds of the past

The United States wants to end its "undue dependence" on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S.

U.S. Treasury Secretary Janet Yellen will call on Tuesday for deeper trade ties among allies to fortify their supply chains, combat inflation and thwart China's "unfair trade practices" and efforts to dominate key raw materials and technologies markets.

The United States has further sanctions it could adopt against North Korea, U.S.

U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine.

For decades, Antonis Disios' workshop was abuzz with the sound of sewing machines stitching fur coats for his wealthy Russian buyers.

Indonesia's central bank has sold some of its holdings of government bonds in the secondary market, an official said on Monday, stepping up its normalisation of monetary policy after keeping liquidity very loose during the pandemic.

The chief of Israel's armed forces will visit Morocco on Monday in the highest-profile military engagement between the countries, which upgraded ties in 2020 under a U.S.

Britain was braced for temperatures to hit 40C for the first time this week, with ministers urging the public to stay at home as the heatwave caused train services to be cancelled, one London airport to shut its runway and some schools to close.

Britain was on course for its hottest day on record on Monday with temperatures forecast to hit 40C for the first time, forcing train companies to cancel services and some schools to close while ministers urged the public to stay at home.

H&M, the world's second-biggest fashion retailer, said on Monday it will wind down its business in Russia, a move that will cost almost $200 million and affect 6,000 staff as it joins a growing number of companies fully exiting the country.

SAS and pilots unions reached a wage deal on Monday, ending a strike over a new collective bargaining agreement that has grounded hundreds of flights and thrown the airline's future into doubt.

SAS warned on Monday that time was running out as negotiations resumed with pilot unions to end a two-week strike that the Scandinavian airline says threatens its existence.

SAS and pilot unions resumed negotiations on Monday in an effort to end a two-week strike that the Scandinavian airline says threatens its existence.

Sudan's gold rush wreaks havoc on health

The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken.

Hunger pains on Slave Island as Sri Lanka's food prices rocket

Europe burns as heatwave breaks temperature records

North Korea is on the path to "finally defuse" a crisis stemming from its first acknowledged outbreak of COVID-19, the state news agency said on Monday, while Asian neighbours battle a fresh wave of infections driven by Omicron subvariants.

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.

McIlroy forced to be patient as major drought goes on after Open agony

History-making Fraser-Pryce bags fifth 100m title, US win four crowns

Iran, Russia, Turkey presidents to talk Syria war in Tehran

New Zealand's consumer prices rose at their fastest pace in three decades, beating forecasts and raising the prospect of an unprecedented 75 basis point interest rate hike at the central bank's policy meeting next month.