IBT Staff Reporter

U.S. companies plan to invest $40 billion in Mexico between now and 2024, Mexican President Andres Manuel Lopez Obrador told a meeting of U.S.

A long-running legal battle between Venezuelan President Nicolas Maduro and opposition leader Juan Guaido over who should hold the key to more than $1.5 billion of gold stored at the Bank of England resumed at the London High Court on Wednesday.

Malaysia said on Wednesday it had obtained a stay order against the enforcement of a French arbitration court ruling ordering the government to pay $14.9 billion to the descendents of a late sultan over a colonial-era land deal.

The Pan American Health Organization (PAHO) on Wednesday warned of the growing number of COVID-19 cases caused by the highly infectious BA.4 and BA.5 Omicron subvariants of the coronavirus even as overall cases dipped in the Americas.

U.S. House Democratic Caucus chair Hakeem Jeffries said on Wednesday "significant progress" had been made on a proposed bill to boost the U.S.

The euro's tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price shock triggered by the Ukraine conflict tips the bloc into a prolonged economic crisis.

The euro's tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price shock triggered by the Ukraine conflict tips the bloc into a prolonged economic crisis.

The European Union will encourage member countries to cut gas demand by incentivising industries to use less, as it prepares for possible further cuts to Russian supply, according to a draft plan seen by Reuters.

One of Brazil's most successful individual investors, Luiz Barsi, said he is continuing to buy shares in its companies even as uncertainties loom ahead of October's presidential elections, though the pace of his purchases has slowed.

Argentina's main farm associations launched a 24-hour grain and livestock trading halt on Wednesday in protest against the government, criticizing high tax rates, currency controls and a scarcity of diesel that has hit farmers during harvest season.

Sri Lankan troops stand by as protestors occupy PM's office

The president of the United Arab Emirates said on Wednesday the Gulf OPEC producer would continue to support global energy security as a main driver of global economic growth, ahead of a U.S.-Arab summit in neighbouring Saudi Arabia this week.

Haitian protesters blocked roads in the downtown area of the capital of Port-au-Prince on Wednesday, where shots were heard as anger mounted over fuel shortages that have intensified as a result of gang violence.

President Emmanuel Macron's French government, hunting for votes to enact a cost-of-living relief bill after losing its majority in parliament, is open to amendments backed by conservative opponents that would incentivise work, a government source said.

Ranil Wickremesinghe, who was named acting president of Sri Lanka on Wednesday as its political and economic crisis deepened, is tantalisingly close to the pinnacle of power but may not get much time to enjoy it.

Margaret Thatcher has not been in power since 1990.

The U.S. Federal Reserve is seen ramping up its battle with 40-year high inflation with a supersized 100 basis points rate hike this month after a grim inflation report showed price pressures accelerating.

Investors were betting on Wednesday the U.S. Federal Reserve will deliver a super-sized 100 basis point rate hike this month after a mostly grim inflation report showed price pressures, already running at a 40-year high, accelerating further.

Investors sharply boosted bets on Wednesday the U.S.

Investors boosted bets on Wednesday the U.S. Federal Reserve could deliver an even bigger interest-rate hike at its policy meeting later this month after a worse-than-expected inflation report showed price pressures, already running at a 40-year high, accelerating further.

The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc is expecting its upcoming iPhone 14 to do even better at launch.

US consumer prices surge 9.1%, a new 40-year high

Vanguard Group, the world's second-biggest asset manager, said on Wednesday the U.S.

BA.5, part of the Omicron family, is the latest coronavirus variant to cause widespread waves of infection globally.

The euro's tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices.

The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S.

Half a world away from the political drama in London, many Indians are closely following the twists and turns of who replaces Boris Johnson as British prime minister, curious to see how two candidates with Indian ancestry fare.

U.S. President Joe Biden will seek to reduce direct contact, such as shaking hands, during his visits to Israel and Saudi Arabia this week as part of enhanced COVID-19 precautions, White House officials said on Wednesday.

U.S. President Joe Biden will seek to reduce direct contact, such as shaking hands, during his visit to Israel and Saudi Arabia this week because of COVID-19 risks, White House officials said on Wednesday.