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An exodus of older workers is the "common thread" behind the baffling labor shortages faced by companies in the United States and Britain, the IMF concluded in a report released Wednesday.

French champagne sales rebounded last year to reach a record 5.5 billion euros ($6.2 billion) as demand soared despite the lingering impact of Covid restrictions that weighed on restaurants and bars, producers said Wednesday.

The latest coronavirus variant will weigh on US economic growth in the months ahead but will not derail it, Treasury Secretary Janet Yellen assured the nation's mayors Wednesday as they gathered in Washington.

Dozens of firefighters rallied in Tehran to protest their living conditions, local media reported on Wednesday, marking the fifth anniversary of a tower blaze that caused the death of many of their colleagues.

Procter & Gamble raised its full-year forecast Wednesday as robust consumer demand enabled the company to notch higher sales even as it increased prices on consumer goods.

Time was running out for Pudding.

More than 100 millionaires made an unusual plea on Wednesday: "Tax us now".

Robert Tomlinson picks rhubarb stalks by candlelight in the dark, carrying on a century-old family tradition that survives today despite the challenges posed to his business by Brexit and climate change.

The World Health Organization has warned that the Covid-19 pandemic is far from over, as France, Germany and Brazil posted new records of infections in the past 24 hours.

Microsoft's $69 billion deal to buy video game powerhouse Activision Blizzard is expected to win out with regulators despite vows in Europe and the United States to rein in tech titans.

As the EU moves to label energy from nuclear power and natural gas as "green" investments, Austria is gearing up to fight this, including with a legal complaint.

Every day, Aiden Lee joins the hundreds of thousands of people getting around Taipei on two wheels.

The Spanish government is increasingly under fire over its use of the European Union's massive economic recovery funds, with critics blasting the distribution of aid as too slow and arbitrary.

AT&T and Verizon agreed Tuesday to a partial delay in activating their 5G networks following an outcry from US airlines, who said the rollout could lead to travel chaos.

A federal judge on Tuesday approved a plan to restructure Puerto Rico's public debt, which will allow the US territory to end the bankruptcy process it declared almost five years ago.

Countries are neglecting the massive impact of the "throwaway" economy on planet-warming emissions, according to research published Wednesday that calculated more than half a trillion tonnes of virgin materials have been consumed since the 2015 Paris climate deal.

Up to 2,000 trucks are backed up at Argentina's main border crossing with Chile due to tougher Covid-19 testing requirements, Argentine haulers said on Tuesday, adding that the supply chain could suffer.

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.