Reuters

In the month since Federal Reserve Chair Jerome Powell laid down a hard line on inflation, stocks have suffered double-digit losses, chasms have opened in global currency markets, and yields on the safest U.S.

The U.S. Supreme Court last March rebuffed an emergency request by North Carolina Republicans to allow the use in November's congressional elections of an electoral map they drew that a lower court invalidated for unlawfully disadvantaging Democrats.

British government 30-year bond yields hit a 20-year high on Wednesday, pushing past 5%, and bond strategists warned that markets were becoming close to untradeable due to volatility, something the Bank of England will be watching with alarm.

Grocery delivery services Instacart and Target Corp's Shipt said on Wednesday they will expand their payment methods for low-income shoppers in line with the White House's efforts to ramp up healthy eating and curtail diet-related diseases.

Elon Musk's lawyers urged a federal appeals court to throw out a provision in his 2018 consent decree with the U.S.

Russia's aviation industry will aim to go it alone without the West, using locally built parts to produce 1,000 airliners by 2030 and end a reliance on Boeing and Airbus, state-owned engineer Rostec said.

Burberry Group has appointed Daniel Lee as its new chief creative officer, replacing Riccardo Tisci, who is stepping down after presenting his final runway show for the British luxury brand on Monday.

The United States will announce "big dollar" assistance to Pacific island nations when President Joe Biden hosts a first-of-its-kind summit with their leaders on Wednesday, a gathering Washington hopes will help counter China's expanding influence in a new theater of geopolitical competition.

European shares slid 1% on Wednesday, in line with a sell-off in Asian markets, as an intensifying energy crisis in the region and the relentless surge in global bond yields fuelled worries about a recession.

When U.S. Vice President Kamala Harris makes an expected visit to the Demilitarized Zone (DMZ) separating the two Koreas on Thursday, she will be the latest in a long list of dignitaries - and tourists - coming to gaze into secretive North Korea.

Capital outflows are a "temporary phenomenon" and Taiwan, with its foreign currency reserves, has enough capacity to maintain its financial markets stable, Finance Minister Su Jain-rong said on Wednesday.

Thailand's central bank raised its key interest rate modestly for a second straight meeting on Wednesday to tame 14-year high inflation and ensure a continued economic recovery, while maintaining its 2022 growth projection of 3.3%.

The European Central Bank must continue to raise interest rates quickly to tame inflation and could reach a level that no longer stimulates the economy before Christmas, Finnish central bank chief Olli Rehn said in an interview.

Ishaq Dar, Pakistan's new finance minister, has strongly favoured intervention in currency markets in three previous stints in the job, but faces a nation in economic crisis this time and the conditions of an International Monetary Fund (IMF) programme.

Porsche's landmark listing is defying market turmoil giving a welcome boost to a battered pipeline of share sales but the deal is unlikely to open the floodgates, bankers and analysts say, with European listings facing their worst year since 2009.

Solar power has outpaced wind power over the last five years in terms of global capacity additions, notching up a more than 200% increase in worldwide generation from 2016 to 2021, compared to a 93.5% rise in wind generation during the same slot.

The International Monetary Fund (IMF) and ratings agency Moody's criticised Britain's new economic strategy, as investors braced for more havoc in bond markets that has already forced the Bank of England to promise "significant" action.

U.S. Vice President Kamala Harris condemned "disturbing" actions by China in remarks to American sailors based in Japan, days after the administration pledged U.S.

Seasoned politician and chartered accountant Ishaq Dar took the oath as Pakistan's new finance minister on Wednesday, the prime minister's office said, as the country fights an economic crisis exacerbated by devastating floods.

The trial begins on Wednesday of eleven men accused of responsibility for a 2009 stadium massacre and mass rape by Guinean security forces that survivors and family members hope will bring them justice after 13 years.

Florida Gulf Coast residents emptied grocery shelves, boarded up windows and fled to evacuation shelters as Hurricane Ian churned closer on Wednesday, lashing the state's southern tip with tropical storm-force winds hours before it was forecast to make U.S.

Perhaps remarkably, some of the world's major economies still hold at least part of their rainy-day savings in sterling and British government bonds - raising questions about whether long instability in both will keep them doing so.

Germany has managed to fill its gas reserves to 91.32% of capacity, allaying fears it could run out this winter after Russian gas flows fell sharply following European sanctions over the invasion of Ukraine - but it has come at a price.

Interest rate hikes in the United States and the resultant pressure on the rupee is likely to give the Reserve Bank of India (RBI) reason to deliver a 50-basis-point rate hike on Friday even as it tries to protect a recovery in growth.

A decade ago, Bank of Japan Governor Haruhiko Kuroda won praise for ending a debilitating spike in the yen with his "bazooka" stimulus.

President Vladimir Putin's latest warning that he is ready to use nuclear weapons to defend Russia amid the war in Ukraine has made a troubling question much more urgent: Is the former KGB spy bluffing?

The Solomon Islands has told Pacific nations invited to a White House meeting with President Joe Biden it won't sign the summit declaration, according to a note seen by Reuters, prompting concern over the islands' ties to China.

Toyota Motor Corp plans to start production and sales of a small electric sedan powered by BYD Co Ltd batteries by year-end as part of an ongoing collaboration with the Chinese company, three people close to the Japanese carmaker said.

Oil prices fell more 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian.