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US markets headed for a higher open Friday following solid gains in Europe as uncertainty over the war in Ukraine and persistently high inflation continue to roil markets. Asian markets declined overnight. Investors are fretting over a world economy faced with price pressures and slowing growth. Oil prices advanced on Friday as Russian forces broadened their offensive in Ukraine, attacking two major cities to the west and an industrial center in the east of the country. On Wall Street, futures for the Dow Jones Industrial Average rose 1.1% Friday morning and the same for the S&P 500 were up 1.3%. Germany's DAX rose 3.2% by midday, the CAC 40 in Paris added 2.2% and London's FTSE 100 gained 1.4%. A plan to revoke Russia's most favored nation trade status over its invasion of Ukraine added to unease over the economic repercussions of the deepening conflict after talks between foreign ministers of the two countries failed to show any concrete progress. President Joe Biden plans to
The EU's top diplomat, Josep Borrell, said the 27 officials taking part at two-day summit outside Paris will agree to inject an extra 500 million euros into the fund for military aid to Ukraine
European Union leaders on Friday tried to find ways to support the continent's economies as they face skyrocketing energy prices amid a crisis aggravated by Russia's invasion of Ukraine.
Putin did not provide any details and recent talks between the two countries have not made much headway
Internal Meta emails seen by Reuters showed the US company had temporarily allowed posts that call for the death of Putin or Belarusian President Alexander Lukashenko
In the backdrop of the crisis in Ukraine, the Indian embassy in Moscow has said that it sees no security concerns at present for the Indian students in Russia to leave that country.
The euro was 0.25% higher at $1.1023 as of 1225 GMT, after rising as high as $1.11215 on Thursday in a choppy day.
Here are the top headlines on Friday
Spot gold was down 0.3% at $1,991.20 per ounce by 1050 GMT, but remained poised for a weekly rise of about 1.2%. U.S. gold futures were down 0.1% at $1,997.70.
The Kerala Government said it would provide necessary assistance to the state students repatriated from war-torn Ukraine to recover their lost certificates and valuables and continue their studies.
As Russia intensifies its assault on Ukraine, it is getting a helping hand from China in spreading inflammatory and unsubstantiated claims that the US is financing biological weapons labs in Ukraine.
Sentiment also suffered on worries over Russia's war against Ukraine, after talks between their foreign ministers on Thursday brought little respite in the conflict between the two countries.
CLOSING BELL: Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent
At a meeting of Russia's Security Council, Defence Minister Sergei Shoigu said there were 16,000 volunteers in the Middle East who were ready to come to fight with Russian-backed forces
Mariupol Mayor Vadym Boychenko on Friday said the Ukrainian city is being shelled by Russian forces every 30 minutes.
Emotions ran high as students, evacuated from the embattled Ukrainian city of Sumy, came out of the Delhi airport and hugged their parents, who had been waiting there
Russia's invasion of Ukraine has consequences not only on that country, but also in the region and the world, IMF Managing Director Kristalina Georgieva has warned
Russian president late last month ordered his military command to put Russia's deterrence forces, which include nuclear arms, on high alert.
CIA Director William J. Burns hinted at a potentially tenuous China-Russia relationship in the wake of Moscow's increasingly brutal tactics against Ukraine
Unlike several Western companies, no Indian company has publicly withdrawn from the region.