IBT Staff Reporter

Moscow said on Monday it would let residents of Ukraine's two main cities flee in corridors to Russia and Belarus, a move Ukraine called an immoral stunt to weaponise the suffering of civilians under Russian bombardment.

Moscow said on Monday it would provide corridors for residents of Ukraine's two main cities to flee to Russia and Belarus, a move Ukraine called an immoral stunt to exploit the suffering of civilians under Russian bombardment.

Ukrainian officials said a bread factory had been hit by a Russian air strike on Monday as the country's negotiators assembled for talks with Russian officials after previous rounds that brought no respite in the conflict.

Ukrainian officials said a Russian air strike hit a bread factory in northern Ukraine on Monday, killing at least 13 civilians, while talks between Kyiv and Moscow made little progress towards easing the conflict.

Russia warned that oil prices could surge to $300 a barrel and it might close the main gas pipeline to Germany if the West halts oil imports over the invasion of Ukraine as peace talks on Monday made little progress.

A Western ban on Russian oil imports may more than double the price to $300 a barrel and prompt the closure of the main gas pipeline to Germany, Moscow warned on Monday, as talks on Ukraine hardly advanced amid efforts to agree on civilian safe passage.

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New Zealand's government said on Monday it will introduce legislation to allow it to impose sanctions against Russia following its invasion of Ukraine.

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Alberta, Canada's main oil-producing region, can help alleviate the global oil supply crunch caused by energy disruptions, Alberta energy minister, Sonya Savage, said on Sunday.

Thailand is scrambling to encourage its people to have more babies to arrest a slumping birth rate, offering parents childcare and fertility centres, while also tapping social media influencers to showcase the joys of family life.

U.S. Secretary of State Antony Blinken and Ukrainian Foreign Minister Dmytro Kuleba met on Ukraine's border with Poland on Saturday to discuss Western efforts to support Ukraine and isolate Russia during the current war, now in its 10th day.

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The euro tumbled to a fresh 22-month low on the dollar while commodity currencies were swept to multi-month peaks as war in Ukraine sent oil prices spiking and stoked fears of a stagflationary shock that could hammer Europe.

The euro briefly sank below parity versus the Swiss franc for the first time in seven years on Monday and held at a 22-month low versus the dollar as soaring oil prices stoked fears of a stagflationary shock that could hammer Europe.

The euro tanked more than 1% versus the dollar on Monday and was on track for its biggest three-day loss in two years as soaring oil prices stoked fears of a stagflationary shock that could hammer European recovery hopes.

The U.S. dollar reversed almost all of its earlier gains while the euro found itself on a steadier footing on Monday as oil prices retreated from highs reached as the United States and Europe considered banning Russian crude.

The U.S. dollar rose on Monday, lifted by safe-haven flows, as investors weighed the effects on global economic growth of oil prices that hit 14-year highs after the United States and European allies considered banning Russian crude imports.

Billionaire investor Ryan Cohen said on Sunday he now owns nearly 10% of Bed Bath & Beyond and wants the housewares retailer to explore strategic alternatives that include a full sale of the company.

The European Central Bank will wait until the last months of this year for its first interest rate rise in over a decade, with fewer economists in a Reuters poll taken after Russia's invasion of Ukraine now expecting an earlier move.

U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, five sources familiar with the matter said, as Washington seeks to separate Russia from one of its key allies.

Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express on Sunday cut ties with Russia as that country's conflict with Ukraine escalated.

Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that are staying put even as dozens of big brands temporarily shutter operations or exit the country over its invasion of Ukraine.

Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that are staying put even as dozens of big brands temporarily shutter operations or exit the country over its invasion of Ukraine.

Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that are staying put even as dozens of big brands temporarily shutter operations or exit the country over its invasion of Ukraine.

Oil and other commodities prices soared while shares sank in frantic trading on Monday as the risk of a U.S.