IBT Staff Reporter

South Korea President Moon Jae-in on Friday ordered an all-out efforts to be made to protect the Hanul Nuclear Power Plant from a wildfire that broke out in the eastern coastal county of Uljin, the presidential office said in a statement.

A closely-watched measure of money-market stress and dollar funding conditions rose again on Friday to its highest level since May 2020, as the knock-on effects of the war in Ukrainerippled out globally.

Financial indicators signalled increasing signs of stresses spreading through global markets on Friday as concerns grow over the wider economic fallout of Russia's invasion of Ukraine.

Financial indicators signalled increasing signs of stresses spreading through global markets on Friday as concerns grow over the wider economic fallout of Russia's invasion of Ukraine.

Poland has arrested a Spanish national on suspicion of conducting intelligence activities for Russia, which could carry a 10-year prison sentence if he is found guilty, the Internal Security Agency (ABW) said on Friday.

US should diplomatically recognise 'free' Taiwan: Pompeo

A regional Indian party has claimed it will unseat Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in provincial elections in Uttar Pradesh state, the most crucial test for Modi before a general election in two years.

Commodity markets were on track on Friday for their biggest weekly gains in years as the shuttering of Ukrainian ports and sanctions against Russia sent energy, crop and metal buyers scrambling for replacement supplies.

Commodity markets were on track on Friday for their biggest weekly gains in years as the shuttering of Ukrainian ports and sanctions against Russia sent energy, crop and metal buyers scrambling for replacement supplies.

Russians pack trains into Finland as sanctions bite

Indika Prasanna Kumara ventures out every afternoon to try to find 200 litres of diesel for the Broadway Kids apparel factory in Sri Lanka so it can run its generators during power cuts and keep working.

When the United Nations agreed a landmark deal to create the world's first ever global plastic pollution treaty this week, every party was quick to claim a victory, from industry lobbyists to environmental activists.

Roman Abramovich will not rush his divestment of English football team Chelsea FC, an adviser on the sale process told Reuters, even as Britain is considering sanctions against the Russian billionaire.

North Korea's main nuclear facility is in full swing, a new report said on Friday, the latest evidence to highlight the challenges facing whoever wins next week's presidential election in South Korea.

U.S. investors may be in a rush to dump Russian assets after Western allies hit Moscow with sanctions, but a few fund managers with a relatively small exposure to Russia are avoiding kneejerk decisions amid trading constraints and price dives.

Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude's rally will persist, according to analysts and exchange data.

Japan's economy expanded more than initially expected in the final quarter of 2021, but rising input prices likely kept wholesale inflation near a record in February in a sign of rising risks to the fragile recovery, a Reuters poll showed.

China's so-called "common prosperity" push in the near-term will not only aim to bridge the widening wealth gap but is also set to shape the country's regulatory approach, with sectors seen crucial for the economy getting more state support.

While Hong Kong clings to its "zero-COVID" policy, frustrations in the city are boiling over, workplace morale is being hit hard and families are splitting as a growing number of people, especially expatriates, abandon the global financial hub.

Two of Hong Kong's largest consumer retail chains started rationing some food and drug items on Friday to curb panic buying that has plagued the city over the past week amid fears of a citywide lockdown as COVID-19 cases soar.

The ballooning euro cost of oil and gas to record highs as war rages in Ukraine has prompted markets to murmur about the chances of a rare, even if unlikely, ECB intervention to bolster the euro against the dollar.

The ballooning euro cost of oil and gas to record highs as war rages in Ukraine has prompted markets to murmur about the chances of a rare, even if unlikely, ECB intervention to bolster the euro against the dollar.

Oil prices rebounded on Friday as the disruption of Russian oil exports because of western sanctions outweighed the prospect of more Iranian supplies from a possible nuclear deal.

Oil prices rebounded on Friday as fears of Western sanctions that could disrupt Russian oil exports outweighed the possibility of more Iranian supplies while reports of a nuclear plant fire in Ukraine spooked financial markets.

Stocks extended their losses for the week on Friday as investors piled into government bonds and gold for cover while scrutinising the latest twists in Russia's escalating invasion of Ukraine, which included seizing a huge nuclear plant.

Stocks sank to one-year lows in Europe on Friday when bonds, commodities and crude rallied as investors ran for cover in the face of escalating war in Ukraine, with Russia seizing a big nuclear plant.

Data showing a red-hot U.S. jobs market sent Treasury yields lower and strengthened the dollar on Friday, but the war in Ukraine overshadowed the blowout report as the euro plunged on expectations of slower European economic growth.

Data showing a vibrant U.S. jobs market sent Treasury yields lower and strengthened the dollar on Friday, but the war in Ukraine overshadowed the blowout report as the euro plunged on the worsening outlook for slower European economic growth.

Data showing a vibrant U.S. jobs market strengthened the dollar and spurred commodity prices higher, but the war in Ukraine overshadowed the blowout report as the euro plunged on the worsening outlook for slower European economic growth.