IBT Staff Reporter

The dollar surged to a 20-year high against a basket of currencies and the euro broke below parity against the greenback after data on Wednesday showed U.S.

The dollar surged to a 20-year high against a basket of currencies and the euro neared parity against the U.S.

The euro edged higher on Wednesday, hovering just above parity with the U.S.

The euro was hovering just above parity with the U.S.

The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if U.S.

The euro hovered a whisker above parity on the dollar on Wednesday ahead of U.S. inflation data, with traders wary a sky-high reading could force it to lows not seen in decades.

Sri Lanka's economic crisis looks to have finally toppled President Gotabaya Rajapaksa.

Russia and Ukraine seek to break grain impasse in Turkey

South Korea's central bank raised its policy interest rate by an unprecedented half point on Wednesday, aiming to pull inflation from 24-year highs while balancing fear of a sharp economic downturn as business activity flounders.

South Korea's central bank on Wednesday delivered an unprecedented half-point interest rate hike aimed at pulling inflation back from 24-year highs, but floundering business activity is fast raising fear of a sharp economic downturn.

South Korea's central bank on Wednesday delivered a historic half-point interest rate hike to wrest control of inflation running at the fastest pace in 24 years.

Sri Lanka's Gotabaya Rajapaksa, who oversaw a ruthless crushing of Tamil Tiger guerrillas to end a long-running civil war and went on to become president, had been due to step down on Wednesday to appease a population angry over several tumultuous months of economic and political crisis.

Oil edged up on Wednesday, a day after prices fell through $100 a barrel for the first time since April, but gains were limited by caution ahead of U.S.

Oil prices fell in early Asian trading on Wednesday as U.S. inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of control.

A Texas newspaper on Tuesday posted video of police and federal agents responding to the shooting at an Uvalde elementary school in May, footage at the center of a debate among state and local officials as they investigate the actions of law enforcement in the rampage.

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John Bolton, a former U.S. ambassador to the United Nations and former White House national security adviser, said on Tuesday that he had helped plan attempted coups in foreign countries.

Twitter lawsuit accuses Elon Musk of contract breach

Confidence at Japanese manufacturers in July was subdued, a Reuters poll showed, reflecting pressure from a problematic chip shortage, China's heavy pandemic response and a weak yen that is making imported materials increasingly expensive.

Protesters raid Sri Lanka PM's office after president flees abroad

Sri Lankan President Gotabaya Rajapaksa fled to the Maldives on Wednesday, driven out after an economic collapse unleashed a popular uprising that appeared to end his family's near two-decade dominance of the country.

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday, hours before he was due to step down after a people's uprising over a devastating economic crisis ended his family's grip on the island nation.

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday, hours before he was due to step down after a people's uprising over a devastating economic crisis ended his family's powerful grip on the island nation.

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday, hours before he was due to step down after widespread protests over his handling of a devastating economic crisis.

Sri Lankan President Gotabaya Rajapaksa fled the country for the Maldives on Wednesday, hours before he was due to step down amid widespread protests over his handling of a devastating economic crisis.

Sri Lankan President Gotabaya Rajapaksa fled the country for the Maldives on Wednesday, sources told Reuters, hours before he was due to step down amid widespread protests over his handling of a devastating economic crisis.

Sri Lankan President Gotabaya Rajapaksa fled the country early on Wednesday, two sources told Reuters, hours before he was due to step down amid widespread protests over his handling of a devastating economic crisis.

Sri Lankan President Gotabaya Rajapaksa fled the country early on Wednesday, two sources told Reuters, hours before he was due to step down amid widespread protests over his handling of a devastating economic crisis.