IBT Staff Reporter

Russian troops were slowly advancing towards the city centre in Sievierodonetsk, a regional governor said on Tuesday, giving an update from a pocket of Ukrainian resistance that has held back the broader Russian offensive in the eastern Donbas region.

Ukrainian forces were still holding out in Sievierodonetsk on Tuesday, resisting Russia's all-out assault to capture a bombed-out wasteland that Moscow has made the principal objective of its invasion in recent days.

Ukrainian forces were holding out in Sievierodonetsk on Tuesday, resisting Russia's all-out assault to capture a bombed-out wasteland that Moscow has made the principal objective of its invasion in recent days.

Ukrainian forces were holding out in the eastern industrial city of Sievierodonetsk on Tuesday, resisting Russia's all-out assault to capture a bombed-out wasteland that Moscow has made the principal objective of its invasion.

Ukraine said on Tuesday that Russia had taken control of most of the eastern industrial city of Sievierodonetsk, a bombed-out wasteland whose capture Moscow has made the principal objective of its invasion.

The bodies of all 22 people, including 19 passengers and three crew members, who were on board a plane that crashed into a Himalayan mountainside in Nepal two days ago have been recovered, an official said on Tuesday.

Nepali search and rescue teams on Tuesday recovered the body of the last of 22 people aboard a small plane that crashed in the Himalayas two days earlier and also found the flight's voice recorder.

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Shanghai authorities on Tuesday began dismantling fences around housing compounds and ripping police tape off public squares and buildings, to the relief of the city's 25 million residents, before a painful two-month lockdown is lifted at midnight.

Shanghai authorities on Tuesday began dismantling fences around housing compounds and ripping police tape off public squares and buildings before the lifting of a two-month lockdown in China's largest city at midnight.

Asian shares clawed back earlier losses on Tuesday as signs that China's economic pain may be gradually abating amid easing COVID-19 curbs overshadowed broader investor concerns about a global inflation shock.

European shares fell on Tuesday and Wall Street was tipped to start weaker as surging oil prices fanned fears of further acceleration in global inflation that would keep the U.S.

Global equity markets dipped while U.S. Treasury yields rose sharply on Tuesday as investors weighed the prospects of higher inflation following a phased ban of Russian oil imports by the European Union that has lifted crude prices to new highs.

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The euro gave back some of its recent gains on Tuesday, but was still set for its best month in a year as markets reposition in anticipation of interest rate increases in Europe and the possibility of a slower pace of U.S.

The euro drifted lower on Tuesday, but was still set for its best month in a year ahead of red-hot inflation data that will boost expectations of interest rate increases from the European Central Bank (ECB).

The euro's losses deepened on Tuesday after data showing euro zone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year.

The U.S. dollar rose across the board on Tuesday as Treasury yields climbed and worries over a further acceleration in global inflation kept investors' risk appetite at bay.

The U.S. dollar strengthened across the board on Tuesday as Treasury yields climbed and worries over a further acceleration in global inflation depressed investors' risk appetite.

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Oil prices extended a bull run on Tuesday after the European Union agreed to a partial and phased ban on Russian oil and China decided to lift some COVID-19 restrictions amid rising demand before the peak U.S.

Oil prices extended a bull run on Tuesday after the European Union agreed to a partial and phased ban on Russian oil and China decided to lift some COVID-19 restrictions and the U.S.

Oil prices turned negative on Tuesday after a report that some producers were exploring the idea of suspending Russia's participation in the OPEC+ production deal.

Japan's factories posted a sharp fall in output in April as China's COVID-19 lockdowns and wider supply disruptions took a heavy toll on manufacturers, clouding the outlook for the trade-reliant economy.

Japan's factories posted a sharp fall in output in April as China's COVID-19 lockdowns and wider supply disruptions took a heavy toll on manufacturers, clouding the outlook for the trade-reliant economy.

Burning U.S. house price inflation will cool to 10%, half its current rate this year, and slow further over the next two as already very expensive homes and climbing mortgage rates sideline more prospective homebuyers, a Reuters poll found.

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