The European Union on Wednesday formally rolled over damaging economic sanctions against Russia for another six months, saying Moscow had failed to live up to its Ukraine ceasefire commitments.

Asian markets turned negative on Wednesday as Republicans' struggle to push through controversial health care legislation fuels concerns about the chances of Donald Trump passing his much-vaunted economic agenda.

Global markets soared in the months after the tycoon's November election victory as traders bet his plans to slash taxes and red tape while ramping up infrastructure spending would fire the world's top economy.

Russian state oil giant Rosneft said Tuesday that its servers had suffered a "powerful" cyberattack, but insisted that production had not been hit.

The lack of details on President Donald Trump's plans to reform the U.S. economy prompted the International Monetary Fund on Tuesday to cut its growth forecast for this year and next.

Wall Street stocks fell early Tuesday, with Google-parent Alphabet retreating after the EU imposed a massive antitrust fine, and as uncertainty about President Donald Trump's policy agenda clouded the outlook.

Former New York mayor and billionaire philanthropist Michael Bloomberg announced Monday a $200 million plan Monday aiming to back inventive policies in American cities despite political tumult in Washington.

Under its "American Cities Initiative," Bloomberg Philanthropies will invest the money over the the next three years in a bid to "incentivize and support the innovative efforts" of cities.

Russian billionaire Mikhail Fridman has bought British health food retailer Holland & Barrett for £1.8 billion ($2.3 billion, 2.0 billion euros), his investment fund said on Monday.

The EU's powerful anti-trust regulator will slap Google with a record fine as early as Tuesday in another European blow against a U.S. tech giant, sources said.

India's Prime Minister Narendra Modi hailed the increasing "convergence" of U.S.-Indian interests and values, as he prepared for his first face-to-face meeting Monday with President Donald Trump.

European stock markets fizzed higher Monday as investors toasted news of a 17-billion-euro ($19-billion) rescue deal in Italy's long-troubled bank sector.