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Oil prices hit their highest levels in more than seven years Tuesday, driven in part by hopes of a global economic recovery that would ramp up demand.

Microsoft on Tuesday announced a landmark $69 billion deal to buy US gaming giant Activision Blizzard, betting big on the prospects of the video game market by scooping up the scandal-hit "Call of Duty" maker.

Britain's York Racecourse is to rename the Duke of York Stakes in an effort to distance itself from Queen Elizabeth II's second son Prince Andrew, who is facing a US civil case for sexual assault.

AT&T will delay activating its 5G network on a "limited number of towers" near some airport runways following warnings from US airlines, a spokesperson for the telecommunications company said Tuesday.

Argentina's economy minister, renegotiating a massive loan with the International Monetary Fund, warned the lender risked losing credibility if it "pushes" the country "into a destabilizing situation."

The EU's effort to implement an internationally agreed minimum tax on big multinationals was met with opposition by Poland and Hungary on Tuesday, endangering a major priority of France's presidency of the bloc.

A major winter storm blanketed a swath of North America in snow stretching up the east coast from Georgia to Canada, disrupting travel and cutting power to thousands of homes.

The world's top-selling carmaker Toyota said Tuesday it no longer expects to meet its annual production target with operations hampered by the global chip crunch.

Tongan Olympic flagbearer Pita Taufatofua -- who made global headlines for going bare-chested at the Games -- is praying for news of his father after failing to hear from him following a devastating tsunami.

Britain's unemployment rate dropped and payrolls recovered further at the end of last year despite the onset of the Omicron variant, official data showed Tuesday.

China's postal service has ordered workers to disinfect international deliveries and urged the public to reduce orders from overseas after authorities claimed mail could be the source of recent coronavirus outbreaks.

Japan's central bank revised its inflation forecast on Tuesday and adjusted its view of price risks, while leaving its monetary easing policy in place in a nod to lingering pandemic uncertainty.

Peruvian authorities sealed off three beaches Monday after they were hit by an oil spill blamed on freak waves caused by the volcanic eruption in Tonga.

The chief executives of America's largest airlines warned of a "catastrophic disruption" to travel and shipping operations if telecommunication firms roll out their 5G technology as planned Wednesday without limiting the technology near US airports.

The video game giant Activision Blizzard said Monday it has fired nearly 40 employees and disciplined more than 40 others since July as it deals with allegations of sexual harassment and other misconduct.

The chief executives of America's largest airlines warned ahead of Wednesday's 5G service rollout that the technology should be limited near US airports, or risk "significant operational disruption" to travel and shipping.

A rare volcano-triggered tsunami sparked by the eruption of Hunga Tonga-Hunga Ha'apai in Tonga could have been caused by shock waves or shifting underwater land, experts said Monday.

The family of former US vice president Mike Pence has announced the death of Marlon Bundo, their pet rabbit who starred in a children's book series by the second family as well as a parody version supporting gay rights.

Nigeria's northern Zamfara state reopened schools on Monday four months after they were shut due to mass kidnappings of students by criminal gangs, the local government said.

The chairman of Credit Suisse resigned Monday over Covid quarantine violations, leaving the bank's new risk committee chief holding the reins and tasked with trying to stabilise the scandal-hit institution.

European stock markets climbed on Monday as China's unexpectedly muted growth slowdown and optimism over the impact of the Omicron coronavirus variant boosted investor confidence.

Canada's health authority said Monday it has approved Pfizer's anti-Covid pill, Paxlovid, for adults at high risk of progressing to serious disease.

Moderna aims to roll out a combined Covid-flu-RSV booster vaccine in late 2023, the US pharmaceutical firm said Monday, hoping a joint jab would encourage people to get an annual shot.

Persistently high levels of ozone pollution in Asia are costing China, Japan and South Korea an estimated $63 billion annually in lost rice, wheat and maize crops, a new study says.

At full gallop, the horse emerges from the darkness and races through a string of bonfires in an ancient ritual to ward off sickness performed every January in a tiny Spanish village.