Reuters

Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S.

The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy's economy minister said on Saturday, sending a warning to the European Central Bank (ECB).

Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in protest against soaring rents and house prices at a time when high inflation is making it even tougher for people to make ends meet.

The International Monetary Fund (IMF) executive board approved changes to Argentina's reserves accumulation target set in their $44 billion program, as the agriculture powerhouse faces a severe drought seen pummeling both exports and economic growth.

Pope Francis left hospital to return to the Vatican on Saturday after being treated for bronchitis, making light of his illness by saying : "I wasn't frightened, I'm still alive."

Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.

Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin.

A federal judge in Memphis, Tennessee, on Friday temporarily blocked a law restricting drag performances in public from going into effect, saying it was likely "vague and overly-broad" in its restriction of speech.

The U.S. government announced on Friday a lower than expected 1.1% average cut of 2024 reimbursement rates for health insurers that offer coverage through the Medicare Advantage program, boosting shares of the market's largest players.

General Motors Co expects some electric vehicles (EVs) will qualify for $7,500 U.S.

The International Monetary Fund (IMF) approved Argentina's fourth review under its $44 billion loan program on Friday, unlocking the disbursement of $5.4 billion to the indebted country, the lender said in a short statement.

Apple Inc on Friday convinced a U.S. appeals court to throw out a $502 million verdict for patent licensing company VirnetX Inc in a long-running fight over internet privacy technology.

A group of Boy Scouts' insurers on Friday asked a judge to delay the youth group's exit from bankruptcy to allow them more time to appeal a record-setting $2.46 billion settlement of sexual abuse claims.

Bed Bath & Beyond Inc was sued on Friday by Mark Tritton, who was ousted last June as chief executive of the troubled home goods retailer, in a complaint accusing the company of failing to honor his $6,765,000 severance agreement.

The U.S. has now pledged more than $30 billion worth of security assistance to Ukraine since the invasion.

The bill would also allow a man who impregnates a woman - including rapists - as well as other family members to sue abortion providers.

The state's 21-year age minimum, enacted as part of a 2003 gun control law, had been challenged in a 2021 lawsuit by three gun rights groups.

U.S. distillate inventories in March climbed to within the five-year average for the first time in more than a year.

Francis is expected to return home on Saturday, pending the results of his latest medical tests, and is scheduled to take part in a Palm Sunday service the following day.

Lawyers for Kwon in the U.S. did not immediately respond to requests for comment after business hours.

The row is the latest in a string of policy splits among major climate coalitions of financial firms.

Wall Street's main indexes were set to open higher on Friday after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve.

Donald Trump, the ex-president and frontrunner to be Republican nominee in 2024, is set to face a mug shot, finger-printing and a court appearance next week after being indicted over a probe into hush money paid to a porn star in an historic U.S.

Donald Trump will try to turn his indictment to his advantage by stoking anger among core supporters over what they see as the weaponization of the justice system, though it may also push more Republicans tired of the drama around him to look for another presidential candidate.

Russia charged an American journalist with spying while NATO moved closer to adding Finland as a member, deepening Moscow's tensions with the West as the war in Ukraine reached its 400th day on Friday.

A jury in Utah ruled on Thursday that Oscar-winning actor Gwyneth Paltrow was not responsible for injuries sustained by a man during a ski slope collision at an upscale Park City resort in 2016.

Less than two hours after news of his indictment broke, former President Donald Trump appealed to supporters to help with his legal defense, hoping their outrage will boost his coffers as he seeks the 2024 Republican presidential nomination.

A U.S. court has sanctioned Google LLC for a second time in recent days, after a judge in a decision unsealed on Wednesday said the Alphabet Inc unit took too long to comply with a ruling last year in a data-privacy class action.

Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S.