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The Latest Breaking News from International Business Times

Volkswagen Says Tariffs Will Dampen Business As Profit Plunges

Europe's largest carmaker Volkswagen said Wednesday that first quarter profit plunged due to higher costs as it warned of muted business for the rest of the year in the wake of trade tensions.

International Business Times

TotalEnergies Profits Drop As Prices Slide

TotalEnergies boosted crude oil production by two percent from the first quarter of 2024, but that wasn't enough to compensate for nine percent drop in the international reference price.

International Business Times

Aston Martin Limits US Car Imports Due To Tariffs

British luxury carmaker Aston Martin Lagonda said Wednesday that it is limiting shipments to the United States after US President Donald Trump slapped 25-percent tariffs on car imports.

International Business Times

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Steelmaker ArcelorMittal Warns Of Uncertainty

Steelmaker ArcelorMittal warned Wednesday that tariff uncertainty could cause further economic disruption as its global footprint helped it weather the turbulence in the first quarter.

International Business Times

US Official Tells UN Top Court 'Serious Concerns' Over UNRWA Impartiality

A US official on Wednesday told the International Court of Justice there were "serious concerns" about the impartiality of the UN agency for Palestinian refugees, UNRWA. ICJ judges are holding a week of hearings to help them formulate an advisory opinion on Israel's obligations towards UN agencies delivering aid to…

International Business Times

Who Is Peter Turkson? Ghanaian Cardinal Gains Ground Among Crypto Bettors As Papal Favorite

Cardinal Peter Turkson is rising as a strong contender to succeed Pope Francis, at least among crypto bettors on Polymarket who believe he will bring a breath of fresh air to the Vatican.

International Business Times

Jeep Owner Stellantis Suspends Outlook Over Tariffs

US-European auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, dropped its annual financial guidance on Wednesday due to uncertainty over US President Donald Trump's tariffs.

International Business Times

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New Zealand, Phillippines Sign Troops Deal In 'Deteriorating' Strategic Environment

The Philippines and New Zealand signed an agreement on Wednesday allowing the deployment of troops on each other's territory, a move aimed at bolstering security in a "deteriorating" strategic environment.

International Business Times

'Pope Trump' Talks, US President's Joke Triggers Criticism: 'Sense Of Entitlement'

President Trump on Tuesday joked that he would like to succeed Pope Francis, and Sen. Lindsey Graham seconded the motion, but their jokes are now facing increasing backlash from X users who called out the "disturbing" and "offensive" manner in which the Republican leaders approached the topic on the next…

International Business Times

Australian Triple-murder Suspect Allegedly Cooked 'Special' Mushroom Meal

An Australian woman promised a "special meal" for her in-laws before dishing up a beef Wellington laced with death cap mushrooms that killed three of them, jurors heard Wednesday.

International Business Times

Severe Thunderstorms Expected In Southern Plains, Flood Warnings Up In 6 States

Six states will be affected by severe thunderstorms Wednesday, the weather service said, warning further that there is a possibility for "numerous" flash flooding instances.

International Business Times

China's Shenzhou-19 Astronauts Return To Earth

Three Chinese astronauts returned to Earth on Wednesday after six months on the country's space station, state media footage showed, as Beijing advances towards its aim to become a major celestial power.

International Business Times

UPS To Cut 20,000 Jobs, Close 73 Facilities Amid Amazon Delivery Pullback And Cost Cuts

The company reported $21.5 billion in revenue for the most recent quarter and projects savings of $3.5 billion this year through its consolidation efforts.

International Business Times

SEC Delays Decision On $XRP, $DOGE ETFs, Raising Concerns On Paul Atkins Chairmanship

The SEC has delayed a decision on proposed $XRP and $DOGE ETFs, triggering comparisons between the former and current SEC Chairs, who were both embraced by the crypto space when they were confirmed.

International Business Times

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International Business Times

Belgium's Green Light For Red Light Workers

A police station in the historic sailors' quarter of the Belgian port of Antwerp is surrounded by sex workers' neon-lit red-light windows.

International Business Times

Trump Praises Bezos As Amazon Denies Plan To Display Tariff Cost

US President Donald Trump on Tuesday said Amazon founder Jeff Bezos "did the right thing" by stopping a plan to show consumers how much US tariffs add to each price tag.

International Business Times

Japan Tariff Envoy Departs For Round Two Of US Talks

Tokyo's tariffs envoy departed Wednesday for a second round of negotiations in Washington, where Japan could offer concessions such as tweaking vehicle import procedures to secure relief from Donald Trump's trade levies.

International Business Times

Djurgarden Eyeing Chelsea Upset In Historic Conference League Semi-final

Djurgarden are targeting a seismic Conference League shock against Chelsea on Thursday, when they will become the first Swedish team to play in a European semi-final for 38 years.

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International Business Times

Trump Tempers Auto Tariffs, Winning Cautious Praise From Industry

Trump signed an executive order to limit the impact of overlapping tariffs on automakers. He also released a proclamation that gives the industry a two-year grace period to move supply chains back to the United States and reduce "American reliance on imports of foreign automobiles and their parts."

International Business Times

Bunker-cafe On Korean Border Paints Image Of Peace

Reclining on sofas at a South Korean cafe, customers sip iced americanos as they gaze past barbed wire fences and watchtowers at the mountains of North Korea.

International Business Times

Tunics & Turbans: Afghan Students Don Taliban-imposed Uniforms

Since the start of the school year in March, Afghan boys have been required to wear new uniforms of turbans and long tunics, following an order to adopt outfits reflecting Taliban rule.

International Business Times

Asian Markets Struggle As Trade War Hits China Factory Activity

Stocks started limply Wednesday as investors struggled to match Wall Street's rally, with data showing Chinese factory activity contracted this month at its fastest pace for nearly two years as Donald Trump's trade war kicked in.

International Business Times

Spurs Attempt To Grasp Europa League Lifeline To Save Dismal Season

Ange Postecoglou can still make good on his claim that he always wins a trophy in his second season but he must find a way to inspire struggling Tottenham for a shot at Europa League glory.

International Business Times

Thawing Permafrost Dots Siberia With Rash Of Mounds

In the vast white expanse around Churapcha in eastern Siberia, the ever more rapid thaw of the permafrost is changing the landscape, cracking up houses and releasing greenhouse gases.

International Business Times

China's Manufacturing Shrinks In April As Trade War Bites

China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.

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