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The Latest Breaking News from International Business Times

Upping Defence Spending 'Key Point' For NATO Summit: Ministers

A push for increased defence spending among NATO members will be a key point at an upcoming summit to be held later this year, Baltic states defence ministers said Wednesday.

International Business Times

Pineapple-Hating Pizzeria Charges $125 To Add The Divisive Topping

Lupa Pizza lists a $125 pineapple pizza on its menu, citing opposition to the topping as the reason for the high price.

International Business Times

Nancy Mace Inviting Dem to Take Argument 'Outside' Was Not a Call to Violence, Top Republican Claims: She Could Have Been Asking 'To Have a Cup of Coffee'

A fiery clash between Rep. Nancy Mace and Rep. Jasmine Crockett over transgender rights escalated when Mace suggested "taking it outside."

International Business Times

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Russian Inflation Climbs As Ukraine Offensive Weighs On Economy

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy.

International Business Times

'Sold by Amazon' Vendors Manipulate Reviews

Allegations uncovered by the International Business Times point to vendors under the "Sold by Amazon" label orchestrating elaborate review scams to pump up product ratings and mislead buyers.

International Business Times

US Bank Profits Rise As Wall Street Hopes For Merger Boom

Large US banks reported soaring profits Wednesday propelled by strength in trading and financial advisory services as Wall Street eyes a potential merger boom under the incoming Trump administration.

International Business Times

Rubio Says China Cheated Its Way To Power, Rejects 'Liberal World Order'

Marco Rubio, Donald Trump's nominee for secretary of state, charged Wednesday that China cheated its way to superpower status and vowed to cast aside the "liberal world order" long promoted by the United States.

International Business Times

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US Bans Controversial Red Food Dye, Decades After Scientists Raised Alarm

Outgoing US President Joe Biden's administration on Wednesday announced a ban on Red Dye No 3, a controversial food and drug coloring long known to cause cancer in animals.

International Business Times

McDonald's Sued Over Hispanic Scholarship Program Because Non-Hispanics Can't Apply

A group is suing McDonald's over a scholarship program that is only available for Hispanic and Latino students.

International Business Times

Republican Senator Refuses to Help California with Wildfires: 'They Don't Deserve Anything To Be Honest'

Alabama Senator Tommy Tuberville has voiced his refusal to assist California as multiple wildfires continue to burn in the Golden State.

International Business Times

Marco Rubio Second Trump Nominee To Be Interrupted Mid Hearing By Protesters: 'Reject 'Regime Change' Rubio'

Protesters were forcibly removed from the hearing during Rubio's opening statement.

International Business Times

FDA Bans Red Food Dye Over Possible Cancer Risk

Outgoing US President Joe Biden's administration on Wednesday announced a ban on Red Dye No. 3, a controversial food and drug coloring long known to cause cancer in animals.

International Business Times

US Tightens Controls On Advanced Chips To Curb Flow To China

The United States unveiled further export controls Wednesday on advanced computing semiconductors, boosting due diligence requirements for businesses as it seeks to prevent diversion of tech to China despite existing restrictions.

International Business Times

Humanity Has Opened 'Pandora's Box Of Ills,' UN Chief Warns

United Nations Secretary-General Antonio Guterres warned on Wednesday that humanity had unleashed a "Pandora's box of ills," including "out of control technology" that risks upending "our very existence."

International Business Times

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International Business Times

Russia Running Out of Money, Could Lose Ability to Fund War: Top Economist

Russia is running out of money and could lose its ability to continue funding its war with Ukraine, according to a top economist.

International Business Times

Death Toll At Illegal S.African Mine Reaches 78

Rescuers pulled more bodies from a disused gold shaft in South Africa where the toll climbed to 78 Wednesday as police try to clear out illegal miners who have been underground for months.

International Business Times

California Bill Forcing Polluters to Pay for Climate Change Disasters Killed by Oil Companies

Fossil-fuel industry lobbying in California spiked to record levels during the 2023-24 legislative session; just two companies spent more than $30 million to strike down the "polluter pay" bill.

International Business Times

TikTok Countdown Clock: Moment US Users Will Be Removed From Social Media Platform Revealed

TikTok is reportedly preparing to shut down the U.S. version of the app on Sunday if the Supreme Court moves to block it

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International Business Times

UN Rights Chief Says Transitional Justice 'Crucial' In Syria

United Nations rights chief Volker Turk on Wednesday said transitional justice was "crucial" for Syria after the fall of Bashar al-Assad, during the first-ever visit by someone in his post to the country.

International Business Times

1 In 3 Households Say They Don't Have Enough Savings To Last A Month If They Lose Their Job

An astonishing 33% of U.S. households lack enough savings to cover a single month of expenses if faced with job or other income loss.

International Business Times

US Consumer Inflation Rises To 2.9 Percent In December

US consumer inflation rose for a third straight month in December as energy prices rose, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.

International Business Times

Are 2 More Interest Rate Cuts Back On The Table After The Positive December Inflation Report?

Investors who gamble on interest-rate futures are now giving nearly even odds there will be two cuts in 2025.

International Business Times

Ukraine Power Grid Down As Russia Launches Major Missile Attack

Russia launched a massive missile and drone attack on Ukraine, targeting critical energy and gas infrastructure, officials reported Wednesday.

International Business Times

Stock Markets Rise After Subdued Inflation Report

The December Consumer Price Index report came in nearly as expected by many analysts.

International Business Times

Target To Pay Stock Dividend For 230th Consecutive Quarter

The company has paid shareholders every quarter since it went public in 1967.

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