Reuters

Inflation in Canada remains "too high" but is headed in the right direction, a Bank of Canada official said on Tuesday, adding that the central bank will do whatever is needed to bring price increases back to target.

California's choice of 2035 as the deadline to end gasoline-only new car sales was the "sweet spot" that will sharply cut emissions but was also realistic for the industry, the head of the state's clean air regulator said on Tuesday.

CVS Health Corp and Walmart Inc have agreed to pay $147.5 million to settle West Virginia's claims over their alleged roles in the state's opioid crisis, state attorney general Patrick Morrisey said Tuesday.

The Metropolitan Transportation Authority is installing security cameras in all of New York City's subway cars, officials announced on Tuesday.

Local government officials, advocates and reporters swarmed a small coastal airport near President Joe Biden's vacation home in Rehoboth Beach, Delaware, on Tuesday in anticipation of a possible flight carrying migrants from Texas.

NATO is ready to ramp up troops in Kosovo if tensions among minority Serbs flare again, the deputy commander of the alliance's peacekeeping mission (KFOR) said on Tuesday as a deadline in a spat with the government over car license plates approaches.

Rental car company Hertz Global Holdings plans to order up to 175,000 General Motors Co electric vehicles over the next five years, its latest move toward zero-emission models.

U.S. legislators will grill the bosses of the biggest U.S.

U.S. President Joe Biden will try to rally the world against Russia's invasion of Ukraine in a speech to the United Nations General Assembly on Wednesday, saying Moscow's war against its neighbor violates the tenets of the U.N.

Saudi Arabia is planning to launch two astronauts to the International Space Station aboard a space capsule from Elon Musk's SpaceX, becoming the latest Gulf nation to strengthen ties with private U.S.

Iran and the West remained at loggerheads on Tuesday over U.N.

An independent investigation found evidence that the Inter-American Development Bank's (IDB) chief, Mauricio Claver-Carone, engaged in an intimate relationship with a staffer, in a review by an outside firm prompted by whistleblower allegations, two sources briefed on the probe told Reuters.

Investment banks are likely to see a shake-up in revenues next year, with a rebound in banking and advisory fees expected to soften a hit from a fall in trading income, Barclays' CEO C.S.

Democratic and Republican senators urged U.S. President Joe Biden's administration on Tuesday to impose secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

ECB board member Fabio Panetta is resisting calls from Giorgia Meloni, the front-runner to be Italy's next prime minister, to take the job of economy minister should the rightist bloc win election on Sunday, two political sources told Reuters.

Mexican used-car platform Kavak on Tuesday said it had secured $675 million in financing from HSBC to back the company's car loan offerings, adding to other recent credit lines agreed with Goldman Sachs and Santander totaling $135 million.

The U.S. Justice Department has been drastically under-counting the number of state prison and arrest-related deaths, including failing to count at least 990 deaths in 2021 alone, a bipartisan Senate investigation has found.

U.N. chief Antonio Guterres on Tuesday urged rich countries to tax windfall profits of fossil fuel companies and use that money to help countries harmed by the climate crisis and people who are struggling with rising food and energy prices.

Israel said on Tuesday it would fight a plan by online travel agency Booking.com to add a safety warning to listings in the Israeli-occupied West Bank, which its tourism minister condemned as a politically-motivated decision.

The yield on two-year U.S. Treasury notes, a rough gauge of interest rate expectations, rose to almost a 15-year high on Tuesday, a day before the Federal Reserve is likely to hike rates by another 75 basis points to curb surging inflation.

Ukraine will push for unprecedented and bespoke International Monetary Fund and World Bank packages worth tens of billions of dollars in the coming weeks to shore up its war-ravaged finances, the country's top debt management chief told Reuters.

Republicans in the U.S. House of Representatives will unveil plans this week to support the U.S.

Russia on Tuesday announced plans by separatists in Ukraine to hold referendums paving the way for the formal annexation of swathes of territory after nearly seven months of war with its neighbour, a former Soviet republic.

A fish farm established in the Mediterranean Sea off Gaza last year has begun to produce sea bream for the local market as well as for export to the occupied West Bank, bringing a welcome boost to diets and much-needed cash to the economy.

U.S. homebuilding unexpectedly increased in August as rising rents boosted the construction of multi-family housing to the highest level in more than 36 years, but soaring mortgage rates and high prices are undercutting the overall housing market.

Ex-Soviet Moldova has selected seven companies to secure gas from next month should supply from Russia's Gazprom, be disrupted, a senior government official said.

Canada's annual inflation rate eased more than expected in August even as food prices rose at their fastest pace in 41 years, data showed on Tuesday, with economists saying now smaller rate hikes may be best.

After battling supply chain issues, potato shortages and a hefty rebranding job, the successor to McDonald's Corp's business in Russia expects to have all 850 restaurants open by the end of the year, it said on Tuesday.

JPMorgan Chase & Co Chief Executive Jamie Dimon plans to tell Congress that the U.S. economy faces "storm clouds," according to prepared testimony.