GENEVA: The WTO warned Tuesday that Russia’s war in Ukraine had darkened the prospects for world trade as it sounded the alarm against the global economy dividing into rival blocs over the conflict.

WASHINGTON: US inflation continued to surge in March, sending the consumer price index (CPI) up 8.5 percent over the past 12 months, its largest increase in more than four decades, the Labor Department said Tuesday.

COLOMBO: Sri Lanka announced a default on its $51 billion foreign debt Tuesday as the island nation grapples with its worst economic crisis in memory and escalating protests demanding the government’s resignation.

FRANKFURT: European Central Bank governors meet Thursday to ponder record-high inflation and fresh economic uncertainty caused by the war in Ukraine, with policymakers signaling a willingness to take action sooner rather than later. 

WASHINGTON: The World Bank issued dire forecasts for Ukraine as Russia’s invasion impacts both the country and its neighbors, warning in a report released Sunday of an even bleaker economic outlook if the conflict drags on. 

WASHINGTON: Elon Musk is no longer joining the board of Twitter, the CEO of the social media company said late Sunday, in a reversal less than a week after announcing the Tesla and SpaceX chief would be appointed.

JAKARTA: Indonesia’s biggest tech firm soared on its market debut Monday after a billion-dollar IPO that was the world’s fifth-biggest this year, defying recent heavy weather for Asian tech stocks.

MALINDI, Kenya: Along a riverbank scarred by logging, Joseph Mwandenge Mangi points out a solitary mangrove tree, a species once abundant in the forest where the mighty Sabaki River meets the sea. 

VILLAR DE LOS NAVARROS, Spain: Buoyed by a surge in investment and new projects, wind power has become Spain’s main source of electricity generation just as Europe seeks to curb its energy imports from Russia.