IBT Staff Reporter

Rescue workers were searching for survivors in the rubble of a theatre in the besieged city of Mariupol on Thursday, after Ukraine said a powerful Russian air strike hit the building where hundreds of people had been sheltering from the war.

India's Reliance Industries Ltd, operator of the world's biggest refining complex, may avoid buying Russian fuels for its plants following Western sanctions on Moscow over its invasion of Ukraine, a senior company official said.

Russia said on Thursday it had made debt payments that were due this week but the announcement did not end a wait for what could be Moscow's first default on external borrowing in more than a century as several creditors said funds had yet to be received.

Some creditors have received payment, in dollars, of Russian bond coupons which fell due this week, two market sources said on Thursday, meaning that Russia for now may have averted what would have been its first external bond default in a century.

Cambodia opposition figures hit with jail terms

H&M is selling external fashion brands on its core brand's hm.com website for the first time in Sweden and Germany, with the intention of adding more brands and markets.

The Biden administration made a carefully orchestrated gamble this week, issuing a series of public and private threats to Beijing that it will face consequences if it supports Russia's invasion of Ukraine.

Russia has set out strict rules for foreigners seeking permits to buy and sell Russian securities and real estate, a client memo by Citigroup showed, as details emerge of new state controls on investment in response to Western sanctions.

Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup showed, amid an exodus of international firms in response to Western sanctions.

Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup showed, raising fresh concerns Western investors could face large write-downs.

Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup showed, raising fresh concerns Western investors could face large write-downs.

European stocks edged higher on Thursday, tracking overnight gains on Wall Street following a widely anticipated U.S.

European stocks gained in choppy trading on Thursday, a day after the Federal Reserve's widely anticipated U.S. interest rate hike, as investors eyed Russia-Ukraine peace talks.

China's top financial policymaker rescued stock markets from a bloodbath this week with a promise of stability, but plenty of investors reckon mere words will not restore lasting calm in an economy beset with multiple large risks.

Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel and raw material prices, Japan's former top currency diplomat Hiroshi Watanabe said on Thursday.

Two years ago in Indonesia, sexual harassment victim Baiq Nuril Maknun received a presidential amnesty, and she is now hoping parliament passes a new law on sexual violence, a decade after activists first proposed legislation.

Cineworld expressed confidence on Thursday that a meatier slate of movies in 2022 would help the British cinema chain bounce back from a two-year lull, although its mounting debt pile remained a challenge.

Volkswagen has joined a group that sets environmental and social standards in mining as the world's No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs).

From his job as a Cairo doorman, Mahmoud Farag earns 1,500 Egyptian pounds ($95) each month but it's no longer enough to adequately feed his family of five.

Federer's Ukrainian conqueror swaps racquet for Kalashnikov

Investors are racing to work out how much monetary policy tightening the economy can handle as the U.S.

A Toshiba Corp independent director broke ranks with the company board's public stance on Thursday, saying he would back a shareholder proposal at next week's extraordinary meeting that could pave the way for a potential buyout deal.

Kanye West has been suspended from social media network Instagram for 24 hours after the rapper infringed the platform's policy regarding harassment, a spokesperson for its parent firm Meta Platforms Inc said.

The U.S. Treasury yield curve flattened further on Wednesday, as the Federal Reserve increased interest rates for the first time in three years and set out a path of tighter monetary policy to fight unabated inflation.

Nadal neutralizes Opelka to extend perfect 2022 start, Alcaraz, Norrie win

NASA's next-generation moon rocket was due on Thursday to make a highly anticipated, slow-motion journey from an assembly plant to its launch pad in Florida for a final round of tests in the coming weeks that will determine how soon the spacecraft can fly.

NASA's next-generation moon rocket began a highly anticipated, slow-motion journey out of its assembly plant en route to the launch pad in Florida on Thursday for a final round of tests in the coming weeks that will determine how soon the spacecraft can fly.

As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20% or more.

St Patrick's Day parades return to Ireland after Covid hiatus