IBT Staff Reporter

When farmer Rita Tolu saw "a big black wave storming across the horizon and taking over the fields" in April, she knew that little of her dried fodder and alfalfa crops would be left in the following days.

End of the line for Sri Lanka's 'Terminator' president

Chad's official creditors are expected to agree on Wednesday a debt restructuring strategy that includes contingencies based on oil prices and participation of private creditor Glencore, a person familiar with the plans said.

Former finance minister Rishi Sunak won the biggest backing from Conservative lawmakers on Wednesday in the first vote to choose who will succeed Boris Johnson as party leader and British prime minister, while two more rivals were eliminated.

Conservative lawmakers will vote on Wednesday to narrow the field of eight candidates hoping to succeed Boris Johnson as party leader and prime minister, in an increasingly fractious contest marked by the hopefuls trading barbs.

Scandinavian airline SAS and unions representing striking pilots were unable reach a collective bargaining agreement on Wednesday, with negotiations to resume on Thursday as a crippling strike will enter its 11th day.

Scandinavian airline SAS and unions representing striking pilots resumed talks over a new collective bargaining agreement on Wednesday as the walkout entered its 10th day.

Former bosses of Fukushima operator ordered to pay $97 billion damages

UK Tory leadership contenders spar over tax in first TV debate

The wealth management arm of Swiss bank Pictet Group is buying Chinese equities again more than 18 months after it shunned the asset class, joining other foreign investors dipping back in as they bet on improving economic prospects and less regulatory intervention.

Shares in debt-laden EDF were suspended on Wednesday as the French government prepares to detail its plans to fully nationalise Europe's biggest nuclear power operator.

The French government will announce by July 19 details of its plans to take full control of power group EDF, it said on Wednesday, as trading in the utility's shares was suspended to keep the price in check.

China's exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy.

Spain's Cellnex said on Wednesday it was withdrawing its offer for a stake in Deutsche Telekom's towers business, paving the way for a competing bid from a consortium led by KKR to secure the estimated 18 billion euro ($18.02 billion) deal.

Britain's J D Wetherspoon warned of losses this year as costs for labour, repairs and marketing eat into its bottom line, and said 'natural beer drinkers' belonging to an older population were staying away from pubs, hurting its sales.

South Korea vows probe of 2019 North Korean repatriations

Britain's economy grew unexpectedly in May, driven by a rise in doctor appointments but also broader demand for things such as holidays, according to data that could reassure the Bank of England about its plans to keep on raising interest rates.

Britain's economy grew unexpectedly in May, driven by a rise in doctor appointments and demand for holidays, according to official figures that could reassure the Bank of England about its plans to keep on raising interest rates.

The U.S. dollar's rampant surge may finally force corporate America to wake up to a brewing earnings recession.

After decades of work, the World Health Organization endorsed the first-ever malaria vaccine last year - a historic milestone that promised to drive back a disease that kills a child every minute.

Anxiety levels rose along with temperatures in Shanghai on Wednesday, as medical workers sweated beneath their hazmat suits while administering compulsory mass testing for COVID-19 in a city that recently emerged from a painful two-month lockdown.

Anxiety levels rose along with temperatures in Shanghai on Wednesday, as medical workers sweated beneath their hazmat suits while administering compulsory mass testing for COVID-19 in a city that recently emerged from a painful two-month lockdown.

The Bank of Canada on Wednesday raised its main interest rate by 100 basis points in a bid to crush inflation, surprising markets and becoming the first G7 country to make such an aggressive hike in this economic cycle.

The Bank of Canada on Wednesday raised its main interest rate by 100 basis points in a bid to crush inflation, surprising markets and becoming the first G7 country to make such an aggressive hike in this economic cycle.

The Bank of Canada on Wednesday raised its benchmark interest rate by a full percentage point, surprising markets with its biggest rake hike since 1998 in a bid to tame soaring inflation.

G20 finance leaders will meet in Bali this week for talks on issues like global food security and soaring inflation, but there was scepticism from Germany and France over Indonesia's hopes for common ground as tensions over Ukraine simmer.

G20 finance leaders will meet in Bali this week for talks that are due to include issues like global food security and soaring inflation, as host Indonesia tries to ensure frictions over the war in Ukraine do not blow discussions off course.

Turkey announced a deal with Ukraine, Russia and the United Nations on Wednesday aimed at resuming Ukrainian grain exports blocked by Russia, raising prospects for an end to a standoff that has exposed millions to the risk of starvation.

Turkey announced a deal with Ukraine, Russia and the United Nations on Wednesday aimed at resuming Ukrainian grain exports blocked by Russia, raising prospects for an end to a standoff that has exposed millions to the risk of starvation.