Reuters

The message from the world's top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets.

Taylor Swift won the top honor at MTV's annual Video Music Awards on Sunday for a 10-minute version of her 2012 breakup song "All Too Well" and made a surprise announcement of a new album coming in October.

The United States and Iran have found a way to address the U.N.

Russian forces have pounded Ukrainian towns across the river from the Zaporizhzhia nuclear power plant, officials said, while reports of shelling around the facility fuelled fears of a radiation disaster.

India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the year as interest rates rise.

The U.S dollar extended its rally on Monday, hitting a five-week high on the yen after U.S.

Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell saying the United States will face slow growth "for some time".

Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher and tested equity and earnings valuations.

"Don't fight the Fed" is a well-worn market maxim, and hedge funds are sticking to it like glue.

Launch teams at the Kennedy Space Center in Florida spent a final full day of preparations ahead of Monday's planned liftoff of NASA's giant next-generation rocket on its debut test flight, kicking off the agency's Artemis moon-to-Mars program 50 years after the end of Apollo.

Canadian Prime Minister Justin Trudeau on Sunday condemned an abusive verbal attack on his deputy prime minister and finance minister, Chrystia Freeland, which he described as an "extremely disturbing harassment" that was not an isolated incident.

Charred cars and buildings pockmarked by bullets scarred Libya's capital on Sunday, the day after intense fighting killed 32 people yet appeared to leave the Tripoli government more firmly entrenched.

Around 60 flights were cancelled at Lisbon airport on Sunday, the last day of a strike by handling workers that has brought more disruption to summer travel at Portugal's main airports since Friday, data from national airports operator ANA showed.

Pakistan needs financial help to deal with "overwhelming" floods, its foreign minister said on Sunday, adding that he hoped financial institutions such as the International Monetary Fund would take the economic fallout into account.

Democratic U.S. Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the nation's economy into recession and that interest rate hikes would put people out of work.

Japan's Suzuki Motor Corp will set up a new global research and development company in India and continue to invest in the country aggressively, its president Toshihiro Suzuki said on Sunday.

Pope Francis, who has often said he may step down in the future if bad health impedes him from leading the Catholic Church, on Sunday praised the humility of one of the few popes in history to resign willingly instead of ruling for life.

Lengthy power cuts in the Gaza Strip have melted stocks of ice cream, forcing shops to stop selling it just when a heatwave has boosted demand.

Angolans and foreign dignitaries gathered on Sunday for the funeral of long-serving ex-leader Jose Eduardo dos Santos, who died in Spain in July but whose burial was delayed by a family request for an autopsy.

A new law allowing soccer clubs in Brazil to seek outside investment is attracting hundreds of millions of dollars to a country renowned as football's biggest source of talent, a change that could see Brazilian teams rival Europe's top tier.

Thousands of people were ordered to vacate their apartments on the outskirts of India's capital New Delhi for about 10 hours on Sunday, before the demolition of two illegally constructed skyscrapers.

Shellfire at the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine fuelled fears of major disaster as both sides kept blaming the other, while Russian forces targeted towns on the far side of the river from Europe's largest atomic plant.

The head of Taiwan's main opposition party the Kuomintang (KMT) defended its "brave" outreach to Beijing on Sunday after a senior official visited China on a trip condemned by Taipei's government and which upset even some party members.

Two U.S. Navy warships are sailing through international waters in the Taiwan Strait, three U.S. officials told Reuters.

A U.S. judge on Saturday said it was her "preliminary intent" to grant former President Donald Trump's request to appoint a special master to oversee a review of materials seized Aug.

Bank of Korea Gov. Rhee Chang-yong said Saturday interest rates would need to continue increasing until inflation is in decline, but the country likely could not call a halt to its tightening cycle before the U.S.

The U.S. Environmental Protection Agency and Transportation Department on Saturday took steps to help alleviate potential fuel shortages in four states after the unanticipated shutdown of the BP Whiting, Indiana refinery.

Some Republicans in Pennsylvania defended Donald Trump-backed gubernatorial candidate Doug Mastriano on Saturday after Reuters published a 2014 photo of him posing in a Confederate uniform.

A young mountain lion shot by police died in surgery at a California zoo on Friday, a zoo spokesperson said, after the animal was startled by a tranquilizer dart and jumped at an officer in a suburban neighborhood.