IBT Staff Reporter

The United States and other member states of the International Energy Agency (IEA) on Tuesday agreed to release 60 million barrels of oil reserves to compensate for supply disruptions following Russia's invasion of Ukraine.

U.N. agencies on Tuesday launched an emergency appeal to respond to the soaring humanitarian needs following Russia's invasion of Ukraine, calling for $1.7 billion to help people who have fled the country and those still inside.

Western powers must enforce a no-fly zone over Ukraine to stop an unfolding humanitarian catastrophe, an activist said on Tuesday in an impassioned plea to British Prime Minister Boris Johnson to do more to help her country in the wake of Russia's military attack.

Ukraine war raises spectre of conscription in Germany

The defence at a Vatican corruption trial failed definitively on Tuesday to have charges against their clients dropped and the judge ordered it to begin in earnest with the questioning of a cardinal.

The world's three biggest container lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, in a further blow to trade with the country.

Saudi Arabia on Tuesday reaffirmed its commitment to an OPEC+ agreement with Russia in the oil markets despite widening sanctions on Moscow and global outrage over its military assault on Ukraine.

Western powers and Russia have for almost a year worked closely to revive the 2015 Iran nuclear deal, but the war in Ukraine is creating a sense of urgency to conclude talks before cooperation becomes impossible.

Russia's sporting freeze grows over Ukraine invasion

Bank of Nova Scotia (Scotiabank) and Bank of Montreal (BMO) joined their Canadian rivals in beating analysts' expectations for first-quarter profits on Tuesday with both banks flagging margin improvements on the back of expected interest rate hikes.

Italy plans to set aside more than 4 billion euros ($4.6 billion) until 2030 to boost domestic chip manufacturing as it seeks to attract more investment from tech companies such as Intel, a draft decree seen by Reuters showed on Tuesday.

'I couldn't stand by': Turks rush aid to Ukraine

Global inflation-protected bond ETFs have seen huge outflows this year, despite rising inflation levels, as investors prepare for price pressures to be tamed eventually by central banks.

U.S. retailer Target Corp posted record holiday quarter earnings on Tuesday and forecast an upbeat 2022 as it expects supply chain pressures to ease later in the year, lifting shares 14%.

Wall Street was set to open lower on Tuesday with bank stocks declining further as the Russia-Ukraine crisis deepened, while a surge in oil prices boosted shares of energy companies.

Wall Street's main indexes slipped on Tuesday with financial stocks bearing the brunt for a second straight day as the Russia-Ukraine crisis deepened, while a surge in oil prices boosted shares of energy companies.

Wall Street's main indexes slumped on Tuesday with financial stocks bearing the brunt for a second straight day as the Russia-Ukraine crisis deepened, while a surge in oil prices boosted shares of energy companies.

Wall Street slumped on Tuesday, with financial stocks bearing the brunt of the damage for a second straight day as the Russia-Ukraine crisis deepened and stirred anxiety among investors.

Wall Street ended sharply lower on Tuesday, with financial stocks bearing much of the damage for a second straight day as the Russia-Ukraine crisis deepened and stirred anxiety among investors.

Ukrainians arriving into the European Union on Tuesday described their frantic journeys to the border after leaving behind husbands and fathers to fight a Russian invasion and escaping their homes to the sound of shelling.

The entire staff of former German Chancellor Gerhard Schroeder's taxpayer-funded office have quit as the long-time friend of Russian President Vladimir Putin resists growing pressure to cut his ties to the Kremlin following its invasion of Ukraine.

U.S. oil and gas producer Chevron Corp on Tuesday outlined a plan to raise buybacks and expand oil production through 2026, adding to long-term supply amid a tight market.

Prime Minister Boris Johnson warned on Tuesday about the growing humanitarian crisis caused by Russia's invasion of Ukraine, saying refugee numbers could reach millions, with possibly more than 200,000 coming to Britain to join family members.

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S.

Telecom Italia (TIM) will this week set out its alternative to a 10.8 billion euro ($12 billion) takeover by U.S.

Israelis, Arabs, Iranians in harrowing exodus from Ukraine

U.S. President Joe Biden, who has earned praise for his efforts to rally European allies and other nations against Russian President Vladimir Putin's invasion of Ukraine, will turn to uniting Americans in the State of the Union speech on Tuesday.

U.S. President Joe Biden, who has earned praise for his efforts to rally European allies and other nations against Russian President Vladimir Putin's invasion of Ukraine, will turn to uniting Americans in his State of the Union speech on Tuesday.

U.S. President Joe Biden will accuse Russian President Vladimir Putin of having misjudged the West with an unprovoked invasion of Ukraine and will order a U.S.