Supply chain bottlenecks and the war in Ukraine caused inflation to soar. Now, policymakers are pointing to high corporate profits as another driver of increased consumer prices. Will governments intervene?

Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry.

Since Russia invaded Ukraine, governments have spent much more on defense and weapons. That is good news for the defense industry. But windfall taxes are not on the agenda.

Toyota on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle sales, amid an easing in global supply chain disruption from a shortage of chips.

In DR Congo, the regional force deployed by East African nations to stop the M23 rebels' advance in the east of the country is coming under scrutiny. While the regional force maintains that the rebels are gradually withdrawing from the territories they conquered, dubious Congolese authorities are demanding a "truthful discussion" on the mandate of the East African Community's force.

A G20 tourism meeting has begun under tight security in India-administered Kashmir, as New Delhi seeks to project an image of normality in the contested territory. Pakistan and China slam New Delhi's move.

The memorandums of understanding were signed during Russian Prime Minister Mikhail Mishustin's visit to Beijing.

India's new parliament is the central piece of the Hindu nationalist government's plan to remodel heritage sites in the capital. Several opposition parties have boycotted the event as controversies surround the complex.

The "Patriotic Bill" criminalizes comments that damage "the national interest of Zimbabwe." The move comes just months before the next election.

The far-right Alternative for Germany is flying high in nationwide polls. Currently the AfD is sharpening its profile by attacking the Green Party's climate policies.

With a record-breaking 30 million tonnes of sugar produced last year, India recently became the world's largest sugar producer, surpassing Brazil. But at what cost? Every year, from September to March, over 1.4 million Indian workers migrate internally, searching for work in sugar cane fields. The labourers are paid a meager €300 to €400 for six months of hard toil, with only one day off per month.

German carrier Lufthansa expects 2023 to be one of its best years. The airline said second-quarter profits more than tripled.