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UK inflation hits 9%, highest since 1982 as food and energy prices soar

Sterling fell after the data and was down by 0.4% against the US dollar.

Finland, Sweden apply to join NATO amid Russia's invasion of Ukraine

Sweden and Finland were both neutral throughout the Cold War, and their decision to join NATO is one of the most significant changes in Europe's security architecture for decades

'Huge' pressure on Shanghai to stay Covid-free as end to lockdown looms

The commercial hub of 25 million achieved a fourth consecutive day without any new infections in the community, holding on to its prized "zero Covid" status

Stellantis sees India as profitable auto mkt amid China, Russia challenges

Stellantis expects revenues in India to more than double by 2030 and operating profit margins to be in double-digits within the next couple of years.

Oil prices climb in early trade on hopes of China demand recovery

Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict Covid measures

Over 500 workers at Indian-owned Mozambique coal mine go on strike

Over 500 workers at a coal mine in Mozambique owned by a subsidiary of an Indian company have been on strike for a week, the company said in a statement

Govt weighs selling part of BPCL instead of entire stake: Report

New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, say two government officials who declined to be named

Walmart cuts full-year profit forecast as fuel, labour costs spike

Shares tumbled 6.5% to $138.51 in premarket trading, dragging down those of rival retailers including Target Corp

Russia says it hit US and European arms shipments in western Ukraine

It also confirmed an earlier report from Russian-backed separatists that more than 250 Ukrainian fighters holed up in Mariupol's Azovstal steel plant had laid down their arms and surrendered

Finland, Sweden joining NATO makes 'no big difference': Russia's Lavrov

"Finland and Sweden, as well as other neutral countries, have been participating in NATO military exercises for many years," Lavrov said

Ukrainian army lays down arms at Mariupol's Azovstal plant: Report

Reuters saw buses leave the steelworks overnight and five of them arrive in the Russian-held town of Novoazovsk, where Moscow said they would be treated for wounds

Flight data from China Eastern jet points to intentional nosedive: Report

In March, a Boeing 737-800 en route from Kunming to Guangzhou crashed in the mountains of Guangxi, killing 123 passengers and 9 crew members in mainland China's deadliest aviation disaster in 28 yrs

Twitter's account of deal shows Musk signing without asking for more info

The account, published in Twitter's proxy statement that outlines what shareholders need to know to vote on the deal, paints a picture of Musk in a rush to clinch a deal

BHP CEO says supply disruptions may last years; may speed up Jansen project

Mike Henry said that the Anglo-Australian miner may accelerate its Jansen potash project in Canada by a year, as Russia's invasion of Ukraine has tightened supplies

JPMorgan shareholders reject special $52-mn payout to CEO Jamie Dimon

Only 31% of investors backed the bank's executive remuneration plan

Gold prices subdued by strong US retail sales, aggressive rate hike bets

U.S. retail sales increased strongly in April suggested demand was holding strong despite high inflation and assuaged some fears that the economy was heading into recession

Oil rises to 7-week high on EU's Russian oil ban effort, demand hopes

The easing of China's COVID-19 lockdowns also supported prices, as investors grew more optimistic about demand from the world's second-largest economy.

Global shares rebound, US Treasury yields rise on stronger US retail data

By Herbert Lash

Dow Jones rises nearly 300 pts on gains in banks, strong retail sales data

Walmart slides after cutting earnings forecast; April retail sales rise in-line with estimates

Azovstal siege ends as hundreds of Ukrainian fighters surrender: Russia

Russian forces pummelled Mariupol, a major port on the Sea of Azov between Russia and Crimea, with artillery for weeks