IBT Staff Reporter

Nearly 1,000 bakeries have closed in Sri Lanka due to a severe shortage of cooking gas, an industry association said on Monday, as the impact of dwindling foreign exchange reserves ricochets through the country's economy.

The quest to seize Western assets of Russian oligarchs

The Polish government plans to create an 8 billion zloty ($1.75 billion) fund to help war refugees from Ukraine, a government official said on Monday.

The Polish government passed a draft bill to create an 8 billion zloty ($1.75 billion) fund to help war refugees from Ukraine.

Russian tourists evacuated from Cuba on charter flights

Palladium shot to an all-time high as Russia's invasion of Ukraine and resultant sanctions stoked fear of scarcity, while gold tested the psychological $2,000 mark in response to demand for safe-haven assets.

Palladium prices have rocketed 80% this year to all-time highs as financial sanctions on Russia, which produces 25-30% of global supply, disrupt shipments and worsen a supply shortage.

U.S. stocks were set to open lower on Monday as the prospect of a ban on oil imports from Russia pushed Brent above $130 a barrel and added to concerns over spiraling inflation and slowing economic growth.

U.S. stock indexes tumbled more than 1% on Monday as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about spiraling inflation.

Wall Street's main indexes fell sharply on Monday, weighed down by declines in megacap growth names and financial shares, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about rising inflation.

Wall Street's main indexes fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about rising inflation.

Billionaire investor William Ackman has built a new stake in railroad operator Canadian Pacific, returning to one of his most profitable investments as rail firms eye a boost from the drive to cut carbon emissions and as manufacturing is brought back to the United States and Mexico from abroad.

Sri Lanka's most sacred elephant dies aged 68

European bank stocks tumbled again on Monday as more financial firms cut ties with Russia and others braced for further impact from the country's invasion of Ukraine.

Global bank stocks fell on Monday as depressed U.S.

Global financial stocks tumbled on Monday on mounting investor fears about the potential for economic damage and pressure on consumer spending as the price of oil soars following Russia's invasion of Ukraine.

Russia faces further economic sanctions, as European officials prepared to meet on Tuesday to debate new restrictions, and more investors withdrew from the country.

Indonesia's resort island of Bali on Monday welcomed its first foreign tourists under relaxed coronavirus rules that no longer require arrivals to quarantine, part of a broader easing of curbs in the Southeast Asian country after infections declined.

Palladium shot up to an all-time high as Russia's invasion of Ukraine and resultant sanctions stoked fear of scarcity, while gold tested the psychological $2,000 mark in response to demand for safe-haven assets.

U.S. congressional negotiators on Monday were nearing a deal on a bill to provide Ukraine with billions of dollars in emergency aid, as well as fund the U.S.

Apple Inc will likely announce a new low-cost version of its iPhone SE with 5G capabilities at its annual spring product launch event on Tuesday, analysts say.

Boeing Co said on Monday it had suspended buying titanium from Russia, while its European rival Airbus continues to use supplies from the nation that hosts the world's largest supplier of the commodity, VSMPO-AVISMA.

Belgium should keep an open mind about extending the life-span of its remaining nuclear power plants, the country's Green energy minister said on Monday, in a shift of position prompted by the conflict in Ukraine.

EY said on Monday it will sever its links with operations in Russia, mirroring moves by KPMG and PwC, two other of the world's "Big Four" accounting and consulting firms.

Deloitte and EY will sever links with Russia, they said on Monday, mirroring moves by fellow Big Four accounting and consultancy firms KPMG and PwC.

Cricket's Warne died of 'natural causes': autopsy

Ukrainians fighting against Russian invaders have inspired the people of Taiwan, the island's foreign minister said on Monday, as he announced millions of dollars in aid for Ukrainian refugees.

French asset manager Carmignac said on Monday it would not buy Russian securities and would divest from existing assets, following a raft of other fund managers who have made similar announcements following Russia's invasion of Ukraine.

European asset managers Carmignac and Fidelity International will no longer buy Russian securities, they said on Monday, joining a string of fund managers who have made similar announcements since Russia invaded Ukraine.