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The Latest Breaking News from International Business Times

Trump Hits India With 25% Tariff And 'Penalty' Over Russia Ties

US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified "penalty" over New Delhi's purchases of Russian weapons and energy.

International Business Times

English Cricket Chiefs Confirm Sale Of Six Hundred Franchises

Six teams in English cricket's controversial Hundred competition have now been sold to private investors, with deals for the Oval Invincibles and Trent Rockets still to be formally completed, officials announced Wednesday.

International Business Times

Thousands Honour Ozzy Osbourne At UK Hometown Funeral Procession

Thousands lined the streets of UK city Birmingham on Wednesday to pay an emotional farewell to hometown hero Ozzy Osbourne as the heavy metal hellraiser was laid to rest.

International Business Times

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Physicists Still Divided About Quantum World, 100 Years On

The theory of quantum mechanics has transformed daily life since being proposed a century ago, yet how it works remains a mystery -- and physicists are deeply divided about what is actually going on, a survey in the journal Nature said Wednesday.

International Business Times

Russia Relieved As Tsunami Spares Far East From Major Damage

Russia lifted a tsunami alert on Wednesday after a massive quake and tsunami largely spared the country's sparsely populated far east from casualties and major damage.

International Business Times

Portugal Gains Control Of Some Wildfires

Firefighters gained control over some of the dozens of wildfires scorching Portugal on Wednesday, as fears mounted that weather conditions could further fan the flames.

International Business Times

London Court Rules Oligarch Liable Over $1.9 Bn Ukraine Loan Scheme

The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.

International Business Times

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German Biathlete Confirmed Dead After Accident On Pakistan Mountain

German double biathlon champion Laura Dahlmeier was confirmed dead on Wednesday after she was seriously injured by a rockfall on a Pakistani mountain.

International Business Times

'All Gone': Beijing Villagers Left With Nothing After Deadly Floods

Villager Hu Yuefang returned her home in the rural outskirts of Beijing to pick up medicine for her elderly and disabled father, only to find it had been washed away by some of worst flooding to hit the Chinese capital in years.

International Business Times

Thai Family Mourns Soldier Son Killed Just Before Truce

The clock was pointing towards peace when Private First Class Theerayuth Krajangthong was cut down on the Thai frontier -- among the last casualties before a midnight ceasefire with Cambodia.

International Business Times

Hermes Confirms Outlook For Rising Sales In 2025

French luxury group Hermes confirmed Wednesday its outlook for full-year sales growth as it turned rising revenue for all parts of the world in the first half despite global economic uncertainty.

International Business Times

HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

International Business Times

Eurozone Economy Expands But Tariff Impact Looms

The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.

International Business Times

Shanghai Evacuates 283,000 People As Typhoon Hits

Shanghai has evacuated almost 283,000 people from vulnerable coastal and low-lying areas as Typhoon Co-May made landfall in the Chinese financial hub on Wednesday evening, bringing lashing rains and winds.

International Business Times

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International Business Times

Mercedes-Benz Welcomes EU-US Deal After Profits Plunge On Tariff Woes

A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.

International Business Times

Adidas Reports Hit From US Tariffs

German sportswear giant Adidas said Wednesday it took a hit from US tariffs in the second quarter but did not indicate whether it would pass on rising costs to consumers.

International Business Times

Japan Sees New Record High Temperature Of 41.2C

Japan sweltered in a new record temperature of 41.2C on Wednesday, with the mercury also hitting 40C in the ancient capital of Kyoto for the first time since observations began.

International Business Times

Canada Project Reclaims 'Foul' Industrial Area To Contain Floods

The spur to build Toronto's billion-dollar-plus flood prevention project dates back to a devastating hurricane in 1954, but planners say its urgency was reinforced by the recent tragic flooding in Texas.

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International Business Times

Could Copper Tariff Hurt US More Than Chile?

Chile, the world's biggest copper producer, is hoping for a last-minute deal to stop the United States from imposing a 50-percent import tariff on the red metal.

International Business Times

Intimate No More? Japan Clamps Down On 'Host Clubs'

Japan is waging war on "host clubs" -- where men entertain women willing to pay for romance, but authorities and industry insiders say customers have long been scammed and saddled with debt.

International Business Times

Thailand Accuses Cambodia Of 'Flagrant Violation' Of Truce

Thailand accused Cambodia on Wednesday of a "flagrant violation" of a truce deal to end cross-border fighting, saying Cambodian troops launched an overnight attack on the frontier.

International Business Times

'Marathon At F1 Speed': China Bids To Lap US In AI Leadership

Beyond dancing robots and eager-to-help digital avatars, Shanghai's World AI Conference saw China stake its claim to global artificial intelligence leadership and frame itself as a clear alternative to the United States.

International Business Times

Stablecoins Inspire Hope, And Hype, In Hong Kong

Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of cryptocurrency, but authorities warn against overplaying its future role in financial systems.

International Business Times

Markets Mixed As China-US Talks End, Eyes On Tech Earnings

Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting.

International Business Times

Huge Quake Off Russia Sparks Pacific Tsunami Warnings

Tsunamis hit parts of Russia's Far East and Japan on Wednesday after a huge magnitude 8.8 earthquake, with warnings in place around the Pacific of waves of over three metres (10 feet) in places.

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