IBT Staff Reporter

Texas's power grid operator on Wednesday asked homes and businesses to raise thermostats and cut power use amid stifling heat that threatened to push power demand beyond the state's available supply.

Texas's power grid operator asked homes and businesses on Wednesday to again conserve electricity, by raising thermostats and turning off appliances, amid stifling heat that threatened to push power demand beyond the state's available supply.

Wildfires spread across heatwave-hit Europe

Thousands of firefighters battled more than 20 blazes that raged on Wednesday across Portugal and western Spain, menacing villages and disrupting tourists' holidays amid a heat wave that pushed temperatures above 45 degrees Celsius (113 degrees Fahrenheit) in some parts of Europe.

Nearly 20 blazes raged across Portugal and several burned in western Spain on Wednesday, menacing villages and disrupting tourists' holidays amid a heatwave that meteorologists expect to push temperatures into the high 40s Celsius.

Roberto Bachis, a 58-year-old Italian accountant, was acquitted of two charges of fraud in 2019 after 11 years of trials and investigations which ruined his health, his finances and his marriage.

Steel demand in Latin America could dip through 2022 as the industry faces regional inflationary pressures, price hikes from the Russian invasion of Ukraine and political instability, an industry report showed.

Consumer inflation in Ghana accelerated to 29.8% annually in June from 27.6% in May, official data showed on Wednesday, shattering another record while the West African nation talks to the International Monetary Fund (IMF) for support.

U.S. stocks slipped on Wednesday after hotter-than-expected inflation data fanned fears that the Federal Reserve might take a more aggressive stance on interest rate hikes, potentially tipping the economy into a recession.

Wall Street's main indexes slid on Wednesday after hotter-than-expected inflation data fanned fears that the Federal Reserve might take a more aggressive stance on interest rate hikes, potentially tipping the economy into a recession.

Wall Street's main indexes fell on Wednesday after hotter-than-expected inflation data fueled bets that the U.S.

Wall Street's main indexes were set to tumble at the open on Wednesday after hotter-than-expected inflation data fueled bets that the U.S.

U.S. stock index futures fell sharply on Wednesday after hotter-than-expected inflation data in June sparked fears that aggressive monetary policy tightening by the U.S.

U.S. stock index futures edged higher on Wednesday as investors braced for inflation data to gauge the pace of interest rate hikes by the U.S.

The European Union told Hungary and Poland on Wednesday to improve judicial and media independence, as well as anti-graft safeguards, saying conditions to unlock billions in aid for the two have not been met and serious concerns persist.

In the last specialist maternity ward still under Ukrainian control in the eastern Donbas region, the windows are packed with sandbags.

Truck and bus maker Iveco Group has decided to exit its joint venture in Russia after considering the move for months, as a consequence of Moscow's invasion of Ukraine, Chief Executive Gerrit Marx said on Wednesday.

Pope Francis has named three women, two nuns and a lay woman, to a previously all-male committee that advises him in selecting the world's bishops, the Vatican said on Wednesday.

Lawmakers on the European Parliament's energy committee supported more ambitious EU targets to save energy and expand renewable power on Wednesday, viewed as key to ending Europe's reliance on Russian gas.

Hungarian Prime Minister Viktor Orban's government has ordered an export ban on fuels like gas and scrapped a years-long cap on utility prices for higher-usage households, a senior aide said on Wednesday.

Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine's Black Sea grain exports, but U.N.

Russian, Ukrainian and Turkish military delegations met with U.N.

Pacific looks to international court for help on climate

Malik al-Dowaish was arrested this month following years of campaigning for the release of his father, who was himself detained in 2016 after he gave a sermon seen as critical of the Saudi Arabian royal family, two sources familiar with the matter said.

Consumers are cutting back on chocolate due to the cost of living crises in Europe and the United States, according to new data and comments from executives at the world's biggest chocolate companies.

Investing based on environmental, social, and corporate governance (ESG) principles became a $35 trillion industry on the back of a long run-up in stocks that lasted from 2009 until the start of this year.

Russia and Ukraine near grain deal in first talks since March

Film fest to frontline: Ukrainian filmmaker Oleg Sentsov

Sri Lanka's turmoil explained