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Nestle, Philip Morris, gamemaker Sony join move away from Russia amid war

Nestle, Philip Morris and videogame maker Sony joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in West to take stand against Ukraine invasion

Ukraine war-related inflation may drive protests and riots: World Bank

Soaring energy and food prices triggered by Russia's invasion of Ukraine could exacerbate existing food security concerns in Middle East and Africa, and may fuel growing social unrest, said World Bank

World shares rise, oil falls 13% as UAE supports OPEC hiking output

Global stock markets rallied on Wednesday and oil prices fell by more than 12% as Ukraine and Russia looked to resume diplomatic talks and UAE supports hiking oil output to ease chaos in energy market

Inflation likely slipped in Feb but will rebound soon: Economists poll

Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future

Ukraine accuses Russia of genocide after bombing of children's hospital

Ukrainian's president accused Russia of carrying out genocide after officials said Russian aircraft bombed a children's hospital on Wednesday, burying patients in rubble despite a ceasefire deal

Global oil prices fall most in 2 years as UAE supports output hike

Global oil prices fell on Wednesday by the most in nearly 2 years after OPEC member the UAE said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia

Gas security a growing worry amid price rise and Russia's export dominance

Energy industry leaders said the burgeoning energy crisis is perhaps more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia

Ukraine prepares potential move of sensitive data to another country

Government officials have already been shipping equipment and backups to more secure areas of Ukraine beyond the reach of Russian forces, who invaded on Feb. 24 and are laying siege to several cities

Oil falls 5% as fear among investors over Russian supply disruption eases

Brent had gained 28% in the previous six days of trading, and the Relative Strength Index, a momentum indicator, suggested the market was due for a selloff

Sri Lanka imposes import restrictions on 367 'non-essential' items

The import control by a Gazette notification dated March 9 makes the 367 items to be barred from importing without a valid license

Bitcoin tops $42,000 as Biden kick-starts US cryptocurrency oversight

The largest cryptocurrency rose as much as 10 per cent to $42,427 on Wednesday morning in New York, its highest level since March 2

World stocks rise, oil retreats in 'less panicked' trading session

Moscow accused the United States on Wednesday of declaring an economic war on Russia, and said it was considering a response to the US ban on Russian oil and energy imports

China urges state refiners to halt April fuel exports, says report

Russia is the world's top exporter of crude and oil products combined, at around 7 million barrels per day

Oil slides 7% as UAE calls for OPEC boost amid Russian supply shock

Prices hit session lows after the Financial Times reported Yousef al-Otaiba, the UAE's ambassador to Washington, said the country favours increasing production

Nasdaq climbs 3%, Dow rises 2% on bargain hunting, easing oil prices

S&P 500 financials top S&P sectoral gainer; energy shares fall after strong rally this week

EU hits Russia with more sanctions, set to snub Ukraine on swift membership

EU targets 160 Russians, including oligarchs, also slaps sanctions on Belarus central bank, three lenders; EU leaders to discuss war in Ukraine at summit on Thursday

India's February fuel demand rises, but soaring crude may slow uptick

While India has been on a recovery path until now, high oil prices at present could lead to some demand destruction, says an analyst

Ukraine accuses Russia of bombing childrens' hospital in besieged Mariupol

Hospital hit by several Russian bombs, city council says while Moscow denies targeting civilians; Kyiv calls for ceasefire to restore Chernobyl power

Oil falls 5% on speculation US Russia oil ban won't add to supply shock

Oil also fell as the head of the IEA described the agency's decision to release 60 million barrels of oil from strategic reserves as 'an initial response' and said that more could be released

Bitcoin rallies after Biden signs executive order on digital assets

Biden's order will require the Treasury Department, the Commerce Department and other key agencies to prepare reports on 'the future of money' and the role cryptocurrencies will play