IBT Staff Reporter

Ukraine stepped up calls on Thursday for financial sanctions crippling enough to force Moscow to end the war as its officials rushed to evacuate civilians from cities and towns in the east before an anticipated major Russian offensive there.

Ukraine stepped up calls on Thursday for financial sanctions crippling enough to force Moscow to end the war as its officials rushed to evacuate civilians from cities and towns in the east before an anticipated major Russian offensive there.

Russia on Thursday appeared to give the most damning assessment so far of its invasion, describing the "tragedy" of mounting troop losses and the economic hit as Ukrainians were evacuated from eastern cities before an anticipated major offensive.

A rope tied around his feet and a charred hole in his forehead, a dead man lies in scrub by a railroad track on the outskirts of the Ukrainian town of Bucha.

U.S. Treasury Secretary Janet Yellen said on Wednesday that Russia should be expelled from the Group of 20 major economies forum, and the United States will boycott some G20 meetings if Russian officials show up.

West ramps up sanctions as Russia threatens Ukraine's east

The Federal Reserve on Wednesday signaled it will likely start culling assets from its $9 trillion balance sheet at its meeting in early May and will do so at nearly twice the pace it did in its previous "quantitative tightening" exercise as it confronts inflation running at a four-decade high.

The following is a summary of some recent studies on COVID-19.

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The Federal Reserve might have raised interest rates by half a percentage point last month to deal a more decisive blow to soaring inflation, but Russia's invasion of Ukraine gave policymakers cold feet, minutes of the U.S.

Hedge fund Cinctive Capital Management is expanding beyond its bread-and-butter stock trading and has hired former Brevan Howard trader Giles Coppel to lead a team that will bet on interest rates and currencies as global macro investments find new favor.

Federal Reserve officials in March "generally agreed" to cut up to $95 billion a month from the central bank's asset holdings as another tool in the fight against surging inflation, even as the war in Ukraine tempered the first U.S.

South Africa's Anglo American Platinum (Amplats) has received enquiries from manufacturers and carmakers seeking palladium in the wake of Western sanctions on top producer Russia, CEO Natascha Viljoen said on Wednesday.

The parents of Trevor Reed, a former U.S. Marine jailed in Russia, said on Wednesday they were worried "something terrible" has happened to him and have not received any updates on his "rapidly declining health" in the past five days.

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Dragging trolleys and clutching plastic bags with their meagre belongings, residents of the northeastern Ukrainian town of Derhachi, near the border with Russia, boarded buses on Wednesday to be evacuated as fears of a Russian assault grew.

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The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.

The U.S. dollar's share of world currency reserves continues to ebb slowly - but reserve stashes are only one measure of its dominance of global finance, and there's no realistic scenario where that gets derailed any time soon.

International Energy Agency states agreed to tap 60 million barrels of oil from storage, the director of the group said on Wednesday, on top of a 180 million-barrel release announced by Washington last week aimed at cooling prices after Russia's invasion of Ukraine.

European equity funds faced their first monthly outflow in two years in March as the Russia-Ukraine conflict and rising energy prices hurt prospects for profit growth and margins this year.

A Minneapolis police officer will not face criminal charges for fatally shooting a 22-year-old Black man during a no-knock raid on an apartment in February, state and local prosecutors said on Wednesday.

Democrats in the U.S. Congress proposed a raft of new rules for the federal judiciary on Wednesday including a formal mechanism to remove judges from hearing cases in the event of a conflict of interest and another intended to reduce secret court filings.

Democrats in the U.S. Congress proposed a raft of new rules for the federal judiciary on Wednesday including a formal mechanism to remove judges from hearing cases in the event of a conflict of interest and another intended to reduce secret court filings.

Factions aligned with Sudan's military have drawn up a deal to form a transitional government that would cement the army's control and bypass pro-democracy groups it shared power with before an October coup, according to a document seen by Reuters and three sources familiar with the agreement.

The European Union must cut its heavy reliance on derivatives clearing in London in the same way as the bloc is ending its dependency on Russian energy due to the war in Ukraine, EU financial services chief Mairead McGuinness said on Wednesday.

Iran has moved all its machines that make centrifuge parts from its mothballed workshop at Karaj to its sprawling Natanz site just six weeks after it set up another site at Isfahan to make the same parts, the U.N.

A group of celebrity investors including Gwyneth Paltrow, Cameron Diaz and Drew Barrymore are backing telehealth startup Evernow, which raised $28.5 million in funding.

Top U.S. Food and Drug Administration officials on Wednesday said the agency is aiming to decide by June whether to change the design of COVID-19 vaccines in order to combat future variants, even if it does not have all the necessary information to measure their effectiveness.