IBT Staff Reporter

U.S. stocks surged on Wednesday led by financial and tech shares, rebounding from several down days as oil prices pulled back sharply after fanning inflationary fears and investors gauged developments in the Ukraine crisis.

Wall Street's main indexes were set to open lower on Thursday after data showed consumer prices in February surged as expected, cementing the case for an interest rate hike by the Federal Reserve later this month.

Wall Street's main indexes fell on Thursday, with technology stocks leading the declines after data showed consumer prices surged in February, cementing the case for an interest rate hike by the Federal Reserve later this month.

The tech-heavy Nasdaq fell nearly 2% on Thursday as U.S.

Urban warfare 'nightmare' looms if Russia enters Ukraine cities

Prime Minister Boris Johnson said on Wednesday Britain needed to carry out security checks on Ukrainian refugees, after facing calls to relax visa conditions for those fleeing relentless bombardment by invading Russian forces.

Prime Minister Boris Johnson said on Wednesday Britain needed to carry out security checks on Ukrainian refugees, after facing calls to relax visa conditions for those fleeing relentless bombardment by invading Russian forces.

Europe's struggling banks entered 2022 on a wave of optimism not seen in more than a decade, with interest rates set to rise at last, the COVID-19 pandemic receding, and profits rising.

Shackleton's lost shipwreck discovered off Antarctica

Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting another run higher for precious metals in case of a further escalation in the Ukraine crisis.

Japanese airline operator ANA Holdings Inc will only raise airfares as a last resort to cover European route changes, its incoming chief executive said on Wednesday, adding that it would focus on belt-tightening first.

When Erika Hilton decided to run for political office in South America's biggest city in 2020, she had no idea she would receive more votes than any other female candidate to win a city council seat in Brazil that year.

Ukraine said on Wednesday there was a danger of a radiation leak at the Chernobyl nuclear power station after electricity was cut off to the plant, but the U.N.

President Joe Biden's strategy in grappling with the domestic fallout from gasoline price increases is for Americans to direct their anger at one man: Russian President Vladimir Putin.

U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said.

Proposals for matchmaking committees within unions and a drive to encourage more graduate students to have babies triggered a frosty reception on social media, as officials brainstormed ways to raise China's plunging birth rate.

How Russian 'safe corridors' worked in bitter Syria war

Ukraine refugee influx sparks rare EU unity

President Isaac Herzog embarked on Wednesday on the first visit by an Israeli leader to Turkey since 2008 as the regional rivals seek to overcome years of animosity.

President Isaac Herzog visited Turkey on Wednesday on the first such trip by an Israeli leader since 2008 as the regional rivals seek to overcome years of animosity.

President Isaac Herzog visited Turkey on Wednesday on the first such trip by an Israeli leader since 2008 as the regional rivals seek to overcome years of animosity.

Thousands more Ukrainian refugees fled to central and eastern Europe on Wednesday, many with no contacts and nowhere to go, as host countries scrambled to accommodate them.

Thousands more Ukrainian refugees fled to central and eastern Europe on Wednesday, many with no contacts and nowhere to go, as host countries scrambled to accommodate them.

Thousands more Ukrainian refugees fled to central and eastern Europe on Wednesday, many with no contacts and nowhere to go, as host countries scrambled to accommodate them.

Russia demanded on Wednesday that the United States explain to the world why it had supported what Moscow cast as a military biological programme in Ukraine involving deadly pathogens including plague and anthrax.

Russia said on Wednesday the United States must explain what Moscow claims was a military biological programme in Ukraine - an allegation Washington has already dismissed as "absurd" misinformation.

The United States on Wednesday denied renewed Russian accusations that Washington was operating biowarfare labs in Ukraine, calling the claims "laughable" and suggesting Moscow may be laying the groundwork to use a chemical or biological weapon.

An oil-driven inflation shock triggered by the war in Ukraine is forcing Asia's policymakers to rethink their assumptions for 2022, with the risks of weak growth coupled with surging prices adding unwanted complexity to monetary setting plans.

The European Union agreed new sanctions against Russia and its ally Belarus that blacklist 14 more oligarchs and freezes relations with Belarus' central bank and three top lenders there, the EU Commission said on Wednesday.