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The Latest Breaking News from International Business Times

BMW Says Can Weather Tariff Storm Despite Profit Plunge

German carmaker BMW stuck to its 2025 targets Thursday despite quarterly profits tumbling a third due partly to US tariffs, insisting its large American operations meant it could weather the storm.

International Business Times

Renault Profits Slump As Competition Intensifies

French automaker Renault said Thursday that the tough retail and commercial van market in Europe had squeezed profits although it was able to maintain profitability better than most rivals.

International Business Times

Beijing Officials Admit 'Gaps' In Readiness After Rains Kill Dozens

Beijing city officials admitted on Thursday they had not been prepared for heavy rains that soaked swathes of the capital, killing 44 people and leaving nine still missing.

International Business Times

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Macau Ex-lawmaker Arrested In City's First National Security Law Action

A former Macau pro-democracy lawmaker became the first person to be arrested under the city's national security law, with authorities alleging on Thursday that he had ties to foreign groups endangering China.

International Business Times

Japan Lifts Tsunami Advisory After Russia Quake

Japan's weather office on Thursday lifted a tsunami advisory imposed a day earlier after Russia's Far East was rocked by one of the strongest earthquakes on record.

International Business Times

Shell Net Profit Retreats On Lower Energy Prices

British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices.

International Business Times

US Tariffs Corrode Steelmaker ArcelorMittal's Profitability

The world's number two steelmaker, ArcelorMittal, said on Thursday its half-year net profit jumped on exceptional items but US tariffs began to eat into its margin.

International Business Times

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Firms In Vietnam Walk Tightrope As Trump's Transshipping Rule Looms

As Donald Trump's eye-watering tariffs on Chinese products passing through Vietnam are set to kick in Friday, companies in the Southeast Asian country are cautiously waiting to see what falls into that category.

International Business Times

Russia Strikes Kill Six In Kyiv, Moscow Says Captured Key Town

Russian strikes on Kyiv killed at least six people, officials said Thursday, as Moscow claimed the capture of a town that had been a key stronghold for the Ukrainian army in the east of the country.

International Business Times

China Summons Chip Giant Nvidia Over Alleged Security Risks

Chinese internet authorities summoned Nvidia on Thursday to discuss "serious security issues" over some of its artificial intelligence (AI) chips, as the US technology giant finds itself entangled in trade tensions between Beijing and Washington.

International Business Times

Puppet Ban In Indonesian Capital Threatens Buskers

In the sweltering streets of Jakarta, buskers carry towering, hollow puppets and pass around a bucket for donations.

International Business Times

Trump Gets His Way On Tariffs, But Global Trade System Intact For Now

President Donald Trump has succeeded in strong-arming nations to accept higher tariffs on US exports, yet for now experts see little threat to the postwar trend of lower duties in the pursuit of greater wealth all around.

International Business Times

Myanmar Junta Ends State Of Emergency In Election Run-up

Myanmar's junta ended the country's state of emergency on Thursday, ramping up preparations for a December election being boycotted by opposition groups and criticised by international monitors.

International Business Times

Terrified By Trump Raids, LA's Undocument Migrants Hide At Home

For over a month, Alberto has hardly dared to leave the small room he rents in someone's backyard for fear of encountering the masked police who have been rounding up immigrants in Los Angeles.

International Business Times

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International Business Times

Laos Braced For Blow Of Trump Tariff Threat

Hawking clothes outside the garment factory where her daughter toils inside, a Laos vendor weighs US President Donald Trump's threat of trade tariffs that may soon snarl both their livelihoods.

International Business Times

Most Markets Down As Fed Holds And Trump Announces Fresh Tariffs

Asian markets mostly fell Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong tech earnings and Donald Trump's tariffs on key economies South Korea and India.

International Business Times

Too Much Too Young?: Swimming's Dilemma Over 12-year-old Schoolgirl

Swimming is a sport well used to talented teenagers, but Yu Zidi's participation aged 12 at the world championships has sparked debate about how young is too young.

International Business Times

Vatican Embraces Social Media 'Digital Missionaries'

Sister Albertine, a youthful French Catholic nun, stood outside the Vatican, phone in hand, ready to shoot more videos for her hundreds of thousands of followers online.

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International Business Times

'Silent Killer': The Science Of Tracing Climate Deaths In Heatwaves

A heatwave scorching Europe had barely subsided in early July when scientists published estimates that 2,300 people may have died across a dozen major cities during the extreme, climate-fuelled episode.

International Business Times

Clock Ticks On US Tariff Hikes As Trump Broadens Blitz

Time is running short for governments to strike deals with Washington to avert tariff hikes that Donald Trump has vowed against dozens of economies -- and the US president continues to expand his trade wars.

International Business Times

Discover Passive Digital Income in 2025 with DNSBTC: Your Launchpad into Effortless Earning

Let's explore how DNSBTC is reshaping online income in 2025—and why more users are joining every day.

International Business Times

England And India Set For Final Push In Gripping Test Series

Both England and India are set to field new-look teams when the decisive fifth and final Test of an enthralling, gruelling, and often spiky series gets underway at the Oval on Thursday.

International Business Times

Trump Says US To Impose 15% Tariff On South Korean Goods

President Donald Trump said Wednesday that the United States will impose a 15 percent tariff on imports from South Korea, as he touted a "full and complete trade deal" between both countries.

International Business Times

Canada Intends To Recognize Palestinian State At UN General Assembly: Carney

Canada plans to recognize a Palestinian state at the UN General Assembly in September, Prime Minister Mark Carney said Wednesday, a dramatic policy shift that was immediately rejected by Israel.

International Business Times

Meta Beats Expectations Sending Share Price Soaring

Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22 percent year-over-year to $47.5 billion as the social media giant continues investing heavily in artificial intelligence.

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