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The Russia-Ukraine crisis has seen product prices soar, but raw material costs are rising even further
Film icon Arnold Schwarzenegger told Russians in a video posted on social media Thursday they're being lied to about the war in Ukraine
Here are the top headlines on Friday
Moscow has previously said it was close to agreeing a formula that would keep Ukraine neutral, one of its key demands
Brent crude futures rose $1.14, or 1%, to $107.78 a barrel at 1003 GMT, after surging nearly 9% on Thursday in the largest percentage gain since mid-2020
The dollar index paused for breath on Friday, recovering slightly to 98.18 after declining every other day this week, and was set for a 1% loss over the period
The UK Office of Communications (Ofcom) on Friday announced that it has revoked Russia Today's license to broadcast in the country "with immediate effect".
Russian State Duma Deputy Yevgeny Fedorov has proposed a 10-year ban on the work of foreign companies that will not return to the country's market until May 1.
President Joe Biden and China's Xi Jinping are set to speak on Friday
Oil prices remained above $100 a barrel after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to crude supply
The Kiel Institute for the World Economy (IfW Kiel) almost halved its forecast for Germany's gross domestic product (GDP) growth in 2022 from 4% to 2.1%
Countries with oil self-sufficiency or those importing themselves from Russia cannot credibly advocate restrictive trading, say sources
Ukrainian Armed Forces have said that Russian troops cannot resume the attack on Kiev in the near future due to their losses, and instead they are focusing on the separatist Donbas region
Ukraine's Lviv city mayor Andriy Sadovyi said that the Russian missiles struck an aircraft repair plant in Lviv on Friday, media reports said
Britain's communications regulator has revoked the licence of Russian-backed broadcaster RT amid investigations of its coverage of the Ukraine war.
India ensured safe return of Indians from Ukraine and assisted in evacuation of people from other countries, India's top envoy at UN has said, voicing concern over humanitarian situation in Ukraine
Several current and former European politicians addressed the Norwegian Nobel Committee with a request to nominate Ukraine's Volodymyr Zelenskyy for the Nobel Peace Prize in 2022
US President Joe Biden will warn his Chinese counterpart, Xi Jinping, that he will face "costs" if Beijing rescues fellow authoritarian ally Russia from intense western sanctions
The ExoMars rover mission, built in partnership with Russia, has been suspended by the European Space Agency (ESA) in the wake of Moscow's ongoing war on Ukraine.
Bank of Japan maintained its huge stimulus and warned of growth risks from Ukraine crisis, reinforcing expectations it will remain an outlier in global shift towards tighter monetary policy