Britain's annual consumer price inflation rate soared to its highest level in three decades in March as rising food and energy prices squeezed consumer pockets.
According to the Office for National Statistics, the annual inflation rate climbed to 7% in March from 6.2% in February — the highest since March 1992.
India's civil aviation regulator has barred 90 pilots of the country's second-largest private airline from flying Boeing Co's (NYSE: BA) 737 Max aircraft.
Shares of U.S.-listed Chinese electric automakers Nio Inc. (NYSE: NIO), Xpeng Inc. (NYSE: XPEV), and Li Auto Inc. (NASDAQ: LI) struggled in Hong Kong on Wednesday.
The telecom equipment giant Nokia Corporation (NYSE: NOK) is the latest one to join the slew of companies pulling out of the Russian market amid the country's invasion of Ukraine.