New car sales sank almost 63 percent in Russia in March year-on-year, industry data showed Wednesday, as the West pummels the country with sanctions over Moscow's military campaign in Ukraine.

Russia said Wednesday it had made foreign debt payments on dollar-denominated bonds in rubles, in a new blow to efforts to avoid a sovereign default amid Western sanctions over the conflict in Ukraine.

Global equities sank Wednesday on bets the Federal Reserve will act more aggressively to bring inflation under control, while oil prices rebounded.

India and Australia's trade ministers say a shared security partnership with the United States and Japan has helped them strike a trade deal that Australia hopes will reduce its dependence on exports to China.

Indian Commerce Minister Piyush Goyal is heading a business mission to the Australian cities of Melbourne, Sydney and Perth to explore new opportunities created by the interim deal signed virtually on Saturday.

A session for the joint parliamentary committees was postponed Wednesday due to lack of quorum, Deputy Speaker Elie Ferzli announced.

U.S. ambassador Dorothy Shea has been reportedly quoted as saying that "some parties" have been obstructing the transfer of gas and electricity from Egypt and Jordan to Lebanon, al-Akhbar newspaper said.

Informed sources have told al-Akhbar, in remarks published Wednesday, that they suspect that KSA might be the party obstructing the deal.

The United States, United Kingdom and the European Union were set Wednesday to impose new punishing sanctions targeting Russia, including a ban on all new investment in the country and an EU embargo on coal, after evidence of torture and killings emerged in recent days from a town outside of Kyiv.

Videos and images of bodies in the streets of Bucha after it was recaptured from Russian forces have unleashed a wave of indignation among Western allies, who have drawn up new sanctions as a response.

On 31 March 2022, the World Food Program, working hand in hand with WHO, UNICEF, sector partners and OCHA, delivered the last drop of fuel as part of emergency fuel operations under the U.N. coordinated Emergency Response Plan for Lebanon (ERP), the office of U.N. Resident and Humanitarian Coordinator Najat Rochdi said on Tuesday.

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Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, the World Bank says in a report released Tuesday.

The report forecasts slower growth and rising poverty in the Asia-Pacific region this year as "multiple shocks" compound troubles for people and for businesses.