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Wall St sinks as recession fears ripple through markets; Nasdaq down 3.85%

Growth stocks decline, banks also down; S&P 500 down 22.9% year-to-date

World shares resume slide on growth fears as Swiss, UK hike rates

Stocks around the world keep falling amid Swiss and UK's respective central banks' lending rate hikes along with fears that these moves may drive markets into recession.

WTO provisionally agrees to extend e-commerce tariff moratorium: Report

The prospect of ending the moratorium, which has exempted data flows from cross-border tariffs since 1998, had raised major concerns among businesse

US weekly jobless claims fall modestly; housing starts hit 13-month low

Weekly jobless claims fall 3,000 to 229,000; continuing claims rise 3,000 to 1.31 mn

Central banks across the globe opt for shock and awe to tame inflation

The Federal Reserve has just delivered its biggest interest rate rise in over a quarter of a century and even the hitherto dovish Swiss National Bank has taken markets by surprise

Bank of England nudges rates up again, but says ready to act forcefully

BoE raises rates by another 25 basis points to 1.25%; hike is smaller than recent moves by other central banks

World shares lower as US rate hike relief rally fades over inflation fears

European benchmarks and US futures slipped after Tokyo and some other markets tracked Wall Street's gains of the day before

Ukraine conflict: European leaders visit Irpin in show of support

Standing by gutted, burnt-out buildings, Macron, Scholz, Draghi looked stern as they listened to a Ukrainian official explaining what had happened there

Glimmers of hope as WTO's global trade talks stretch into final day

Ministers from 100 countries are gathering at WTO's headquarters in Geneva this week to discuss international trade talks

Oil prices fall after US rate hike, but tight supply still in focus

Oil prices have taken a dive after US decided on an interest rate hike. The hike increased by the Fed Reserve by 2% overnight is the highest in more than a two and a half decades

Surprise rate hike lifts Swiss franc, sterling tumbles before BoE

As Swiss National Banking increased its policy interest rates, the franc took a jump against the US Dollar and Euro, which is a first in almost 15 years, say reports.

Gold eases on firmer dollar as investors digest rate hike by US Fed

Spot gold fell 0.3% to $1,827.60 per ounce by 0546 GMT. U.S. gold futures rose 0.6% to $1,830.60.

War threatens Ukraine's place in global food security, say experts

The agriculture sector has so far suffered losses of $4.292 billion because of the invasion

ECB promises fresh scheme for backstop against market turmoil

Government borrowing costs have soared on the 19-country currency bloc's periphery

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens

The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows

Spotify to slow hiring by 25% amid economic uncertainty, shares rise 7.1%

The world's largest on-demand audio service has been on a hiring spree for years, adding more than 2,000 employees between 2019 and 2021

Tesla leads automakers in self-driving vehicle crashes: US regulator

Of the 392 such crashes reported by a dozen automakers since July, six deaths were reported and five serious injuries

Alwaleed bin Talal: The Saudi investment king who no longer rules alone

For years, Saudi Arabia's self-styled Warren Buffett, has made hundreds of millions of dollars by investing in companies from Citigroup to Uber to Twitter with almost complete autonomy

Growth stocks lift Wall Street ahead of Fed's rate decision; Nasdaq up 1.6%

Market heavyweights Apple Inc, Meta Platforms , Alphabet Inc, Microsoft Corp and Amazon.com Inc added between 1.3% and 2.5%

Tesla's Elon Musk files appeal to end SEC decree over Twitter posts

Musk, the world's richest person according to Forbes magazine, is trying to buy Twitter Inc for $44 billion