Global benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.

France's CAC 40 rose 0.5% in morning trading to 8,199.57, while Germany's DAX edged up 0.8% to 18,159.77. Britain's FTSE 100 surged nearly 1.2% to 7,829.19. U.S. shares were set to drift higher with Dow futures up 0.4% at 40,081.00. S&P 500 futures rose 0.4% to 5,309.50.

Sweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs.

Cocoa futures have surged this year, roughly doubling since the start of 2024. Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.

The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security.

The Labor Department reported Thursday that jobless claims dipped by 2,000 to 210,000. The four-week average of claims, which smooths out week-to-week ups and downs, rose by 2,500 to 211,250.

Cyprus hosted a meeting Thursday aimed at sending "as many boats as possible" carrying aid to the war-battered Gaza Strip along a maritime corridor, Foreign Minister Constantinos Kombos said.

Representatives of 36 countries, United Nations agencies and humanitarian groups participated in the meeting in the Cypriot port of Larnaca, where a first aid vessel embarked earlier this month and a second ship was waiting to depart.

As Venezuela's government would have it, President Nicolás Maduro and members of his inner circle have been the target of several conspiracies since last year that could have left them injured or worse.

Few details have been released about the alleged plots. But the government has cited them in the arrests of more than 30 people since January including a prominent human rights attorney and staffers of the leading opposition presidential candidate.

A suicide bomber carried out an attack Thursday at a private bank in Kandahar city in southern Afghanistan, killing at least three people and injuring 12 others, officials said.

All of the victims were people who had gathered at the branch of New Kabul Bank to collect their monthly salaries, said Inamullah Samangani, head of the government's Kandahar Information and Culture Department.

AI fakery is quickly becoming one of the biggest problems confronting us online. Deceptive pictures, videos and audio are proliferating as a result of the rise and misuse of generative artificial intelligence tools.

With AI deepfakes cropping up almost every day, depicting everyone from Taylor Swift to Donald Trump, it's getting harder to tell what's real from what's not. Video and image generators like DALL-E, Midjourney and OpenAI's Sora make it easy for people without any technical skills to create deepfakes — just type a request and the system spits it out.

Former Spanish soccer boss Luis Rubiales says he will return to Spain to face a judicial probe into the business deal to hold the Spanish Super Cup in Saudi Arabia, court officials said on Thursday.

Rubiales was in the Dominican Republic when police raided a property belonging to him in Granada and the offices of the Spanish Football Federation in Madrid on Wednesday in a corruption and money laundering investigation. Officers made seven arrests. Rubiales was identified as one of five additional individuals put under investigation.

Turkey's central bank raised its key interest rate by 5 percentage points on Thursday, resuming a policy of rate hikes aimed at combating soaring inflation that is causing households severe economic pain.

In a surprise decision, the central bank said it was raising the benchmark one-week repo rate to 50%. The bank had been widely expected to keep the benchmark rate steady for a second month, ahead of mayoral elections on March 31.

European Union leaders gathered Thursday to consider new ways to help boost arms and ammunition production for Ukraine and to discuss the war in Gaza amid deep concern about Israeli plans to launch a ground offensive in the city of Rafah.

Ukraine's munition stocks are desperately low, and Russia has more and better-armed troops. There is also a growing awareness that the EU must provide for its own security, with election campaigning in the U.S. raising questions about Washington's commitment to its allies.