IBT Staff Reporter

The European Commission proposed on Tuesday to make the bloc's "use-it-or-lose-it" airport slot rule more flexible in order to respond to unexpected developments in the future, such as pandemic or war.

Hyundai Motor said on Tuesday it has reached a tentative wage deal with its South Korean labour union, potentially avoiding a strike and production losses at its biggest manufacturing base.

Spain will implement temporary taxes on power companies and banks that should rake in 7 billion euros ($7.02 billion) in 2023-2024 to help Spaniards cope with soaring inflation, the government said on Tuesday, triggering a selloff in some banking shares.

Five candidates are left in the contest to replace Boris Johnson as British prime minister.

Exercise equipment maker Peloton Interactive said on Tuesday it will cease all in-house production of its bikes and treadmills and move manufacturing to partners in an effort to simplify its operations and reduce costs.

Euro zone government bond yields fell on Tuesday as money markets scaled back their expectations of European Central Bank's rate hikes amid concerns over potential gas supply cuts.

Euro zone government bond yields fell on Tuesday while money markets scaled back their expectations about European Central Bank's rate hikes amid concerns over the economic outlook due to surging energy prices and potential gas supply cuts.

A woman who was injured on Sunday when a protest by roughly 1,000 bank customers in central China was violently broken up by security personnel said she continues to face harassment.

U.S. lawmakers on Tuesday accused Donald Trump of inciting a mob of followers to attack the U.S.

U.S. lawmakers accused then-President Donald Trump on Tuesday of inciting a mob of followers to attack the U.S.

U.S. lawmakers accused then-President Donald Trump on Tuesday of inciting a mob of followers to attack the U.S.

The congressional committee investigating the Jan.

U.S. President Joe Biden faces a deadline next week to intervene in nationwide U.S.

A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products.

Standing in what was once his home, Erich Braun-von der Heiden stretches out his arm and points up to an attic floor where waters reached last year as catastrophic floods tore through communities in western Germany.

The bidding war for Spirit Airlines Inc between Frontier Group Holdings Inc and JetBlue Airways Corp may leave the acquirer taking years to earn back their investment.

The Philippines reaffirmed on Tuesday that it had the legal high ground over China in a long-running maritime row, marking the anniversary of an arbitration ruling that concluded Beijing's claim to almost the entire South China Sea was groundless.

Ukraine, Russia to hold grain talks as war sends food prices soaring

U.S. Treasury Secretary Janet Yellen on Tuesday acknowledged the Japanese yen's substantial depreciation in recent weeks, but said the U.S.

Brazil's growth spurt this year has been overshadowed by worries about an increasing number of hastily put-together spending plans ahead of October's presidential vote, dampening the outlook for 2023, a Reuters poll showed.

NASA on Tuesday drew back the curtain on billions of years of cosmic evolution with the inaugural batch of photos from the largest, most powerful observatory ever launched to space, saying the luminous imagery showed the telescope exceeds expectations.

Following a presidential sneak peek of a galaxy-studded image from deep in the cosmos, NASA officials gathered on Tuesday to unveil more of their initial showcase from the James Webb Space Telescope, the largest and most powerful orbital observatory ever launched.

Following a presidential sneak peek of a galaxy-studded image from deep in the cosmos, NASA was due on Tuesday to unveil more of its initial showcase from the James Webb Space Telescope, the largest and most powerful orbital observatory ever launched.

An hours-long blockade of a bridge in Budapest on Tuesday failed to derail the approval of a motion by Hungarian Prime Minister Viktor Orban's government to increase the tax rate for hundreds of thousands of small firms.

About 1,000 demonstrators blocked a bridge in central Budapest on Tuesday as parliament debated a motion by Hungarian Prime Minister Viktor Orban's government that would increase the tax rate for hundreds of thousands of small firms.

At 62 years old and recently retired from a government job, Bavon Mubake has found a new calling in making fuel pellets, which earns him money while helping conserve the precious forests of eastern Congo.

Mexico on Tuesday pledged to spend $1.5 billion to beef up its northern border as its leader met with U.S.

Mexico on Tuesday pledged to spend $1.5 billion in beefing up its borders as its leader met with U.S.

U.S. President Joe Biden on Tuesday called migration a shared "hemispheric challenge" in a meeting with Mexico's leader, his latest effort to recast illegal immigration as a regional responsibility as he faces political attacks from Republicans over his handling of the border.