IBT Staff Reporter

Western countries are refusing to engage with Russia at the World Trade Organization (WTO) in Geneva in a coordinated move that has already led to negotiations seizing up across a number of sectors, trade sources told Reuters.

Ukraine's spring crop sowing area may more than halve this year from 2021 levels to some 7 million hectares, its Agriculture Minister Roman Leshchenko said on Tuesday, versus 15 million hectares expected before the Russian invasion.

Federal Reserve officials are helping shape market expectations for sharper interest-rate hikes to curb the surge in inflation, but have not managed to dispel fears the tightening cycle could blow a hole in the economy and labor market.

Federal Reserve officials are helping shape market expectations for sharper interest-rate hikes to curb the surge in inflation, but have not managed to dispel fears the tightening cycle could blow a hole in the economy and labor market.

An assembly in Chile charged with drawing up the country's new constitution extended the deadline by which the first draft must be ready by three months on Tuesday, as its members struggle to digest a lengthy list of proposals addressing environmental and social issues.

France's Credit Agricole said on Tuesday it had suspended all services in Russia, joining a retreat by other international banks since Moscow's invasion of Ukraine.

Moldova is monitoring its breakaway pro-Russian region of Transdniestria for any sign of escalating tensions following Russia's invasion of neighbouring Ukraine, Foreign Minister Nicu Popescu said on Tuesday.

U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Europe next week to coordinate sanctions with allies over Russia's assault on Ukraine and discuss next steps with partners, including targeting critical sectors of the Russian economy, a Treasury Department spokesperson told Reuters.

Brazil's recently announced tax cut for ethanol, sugar and soy oil imports should have little impact on trade deals in the short term and was driven more by politics than business, analysts said on Tuesday.

U.S. President Joe Biden will join allies in applying additional sanctions against Russia for its invasion of Ukraine and tightening existing ones during his trip to Europe this week, national security adviser Jake Sullivan said on Tuesday.

U.S. President Joe Biden and his European counterparts will announce new sanctions against Russia and new measures to tighten existing sanctions during his trip to Brussels this week, national security adviser Jake Sullivan said on Tuesday.

Peru's embattled state-owned oil firm Petroperu will not submit its annual financial audit before the end of July, new Chief Executive Francisco de la Torre told Reuters on Tuesday, meaning it will miss a key May deadline to present the document.

Former President Donald Trump's Save America group has quickly become one of the top Republican fundraising organizations ahead of the Nov. 8 congressional elections.

Musk danced for joy at the inauguration of his "gigafactory" electric car plant near Berlin on Tuesday, shrugging off two years of bureaucracy and delays to watch customers drive off with the first Model Y vehicles made in Europe.

The United States has not yet seen any concrete indications of an imminent Russian chemical or biological weapons attack in Ukraine but is closely monitoring streams of intelligence for them, a senior U.S.

The European Union raised over 12 billion euros ($13.24 billion) in a debt sale on Tuesday, as investors wait to see if the bloc will unveil a new joint borrowing plan to tackle member states' funding needs following the invasion of Ukraine.

The National Bank of Hungary raised its base rate by 100 basis points to 4.4% on Tuesday, the biggest hike in the rate since 2008, saying rising energy costs and the war in Ukraine had fuelled inflation risks.

Russia TV's Paris correspondent slams 'propaganda' after quitting

A surge in sunflower oil prices after Russia's invasion of Ukraine cut supply has proved an opportunity for producers of one of Spain's best-known products: olive oil.

Tech giant SAP and Boston Consulting Group said on Tuesday they would team up to help some of the world's biggest companies overhaul their business strategy and accelerate their efforts to cut carbon emissions.

Italy is looking to install two floating storage and regasification units (FSRUs) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, three sources familiar with the matter said on Tuesday.

Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's energy transition minister said on Tuesday.

A series of multiple small earthquakes that have been rattling the mid-Atlantic Portuguese island of Sao Jorge for three days could trigger a stronger tremor or a volcanic eruption, experts said on Tuesday.

A series of multiple small earthquakes that have been rattling a mid-Atlantic Portuguese island for three days could trigger a stronger tremor or a volcanic eruption, experts said on Tuesday, as authorities urged people not to travel there.

The London Metal Exchange has no current plans to ban from its system metal from Russian producers, such as nickel and copper from Norilsk Nickel or aluminium from Rusal, it said on Tuesday, despite calls from some members to do so.

Poland said on Tuesday it had suggested to U.S. officials that Russia be excluded from the G20 group of major economies as punishment for its invasion of Ukraine and that the suggestion had received a "positive response".

Western nations are assessing whether Russia can remain within the Group of Twenty (G20) grouping of major economies following its invasion of Ukraine, sources involved in the discussions told Reuters on Tuesday.

The United States and its Western allies are assessing whether Russia should remain within the Group of Twenty (G20) grouping of major economies following its invasion of Ukraine, sources involved in the discussions told Reuters on Tuesday.

Maria had just bought a three-room apartment in Kyiv before Russia invaded Ukraine.