Marc Jones

Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears grew that fast-rising inflation will drive a sharp rise in interest rates that brings the global economy to a standstill.

Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears mounted that fast-rising inflation will drive interest rates higher and bring the global economy to a standstill.

A top European official has backed a multi-trillion-euro "Marshall"-style plan to rebuild Ukraine, pledging the firepower of the EU's lending arm for what he said must be a global rescue effort.

A paper published by the world's main central bank umbrella group, the BIS, has called for individuals and firms to be given more control over the data collected on them by social media and other Big Tech firms and banks.

Global equity markets were still on the front foot on Thursday on relief that the biggest hike in U.S.

Global equity markets were still on the front foot on Thursday on relief that the biggest hike in U.S. interest rates in more than two decades hadn't been even sharper.

Global equity markets were still on the charge on Thursday on relief that the biggest hike in U.S. interest rates in more than two decades hadn't been even sharper.

Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine and other strains cause even longer delays at ports and drive up costs.

Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated.

Traders ditched riskier assets on Monday as relief over Emmanuel Macron's victory in the French presidential election quickly gave way to renewed concerns about rising global interest rates and China's spluttering economy.

Traders ditched riskier assets on Monday as relief over Emmanuel Macron's French presidential election win quickly gave way to renewed concerns about the global economy and the impact on it of rising interest rates.

The world is facing a new era of higher inflation and interest rates as deteriorating ties between the West, Russia and China and COVID after-effects drive globalisation into reverse, the head of the Bank for International Settlements has warned.

Traders were back on sanctions and stagflation watch on Tuesday as oil and inflation-sensitive bond yields went higher and stock markets drooped ahead of an expected tightening of Western measures against Moscow.

JPMorgan has warned that the combination of Russia's war in Ukraine and China's ongoing property crash could see the worst wave of corporate defaults since the global financial crisis.

World share markets surged and global borrowing costs climbed on Tuesday, as the first face-to-face talks between warring Russia and Ukraine in nearly three weeks yielded signs of progress.

U.S. stocks rose following choppy trading abroad on Thursday as the Russia-Ukraine war kept oil above $110 a barrel and investors watched a meeting of NATO leaders on Russia's invasion of Ukraine.

World share markets were choppy on Thursday as the Russia-Ukraine war kept oil above $120 a barrel, while worries about "stagflation" rose on renewed talk of aggressive U.S.

U.S. stocks rose following choppy trading abroad on Thursday, and oil prices pulled back, as investors watched a meeting of NATO leaders on Russia's invasion of Ukraine.

Wall Street was set to trim some of the strong gains made in Asia on Thursday, after China had signalled more support for its spluttering economy and both the Fed and Bank of England pressed on with interest rate hike plans.

The economic cost of Russia's assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution.

The economic cost of Russia's assault on Ukraine was fully exposed on Wednesday as Vladimir Putin's sanctions-ravaged government teetered on the brink of its first international debt default since the Bolshevik revolution.

The European Union has banned top credit rating firms from rating Russia and the country's companies as part of its latest sanctions package, the European Commission said on Tuesday.

The cost of Russia's invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency central bank measures likely and a stock market crash guaranteed if it reopens.

Sanctions imposed on Russia have significantly increased the chance of the country defaulting on its dollar- and other international market government debt, analysts at JPMorgan and elsewhere warned on Wednesday.

European stock markets sagged and oil jumped back above $100 a barrel on Tuesday as markets struggled with massive uncertainty caused by Russia's invasion of Ukraine, while the rouble recovered from a rout driven by Western sanctions.

European stocks tumbled, oil shot back above $100 a barrel and there was a stampede for U.S.

Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasion of Ukraine.

Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped globally and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasion of Ukraine.

Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasion of Ukraine.