- Guardiola tells players to lead change over workload fears
- Paris Olympics sports equipment moves to new homes
- 'Happy' Kinghorn relishing life at Toulouse
- Norris sets Singapore pace as Verstappen only 15th
- 8 dead in Israeli strike, source says Hezbollah commander killed
- Germany to bid to host women's Euro 2029
- Portugal brings deadly forest fires under control
- Postecoglou defends Solanke after slow start to Spurs career
- US nuclear plant Three Mile Island to reopen to power Microsoft
- Arteta urges Arsenal to take next step in Man City showdown
- Stock markets fall after Fed-fuelled rally
- Top Hezbollah commander 'killed' in Israel strike
- Poland charges Russian over attack on Navalny ally: prosecutors
- Man City have rest 'advantage' in Arsenal showdown: Guardiola
- Maresca has 'no doubt' in Jackson as Chelsea's number nine
- EU chief announces 35 bn euro loan plan for Ukraine before winter
- From TikTok to Hollywood, the irresistible rise of Italy's Khaby Lame
- Verstappen punished for swearing in Singapore press conference
- Sri Lanka lead by 202 in first New Zealand Test
- Brook 'not too fussed' by England's batting in heavy Australia loss
- India's Ashwin 'happy' to embrace pressure
- A modern 'Trojan Horse': two days of mayhem in Lebanon
- Third of Burundi mpox cases in children under five: UN
- Man Utd appoint Foster + Partners to develop Old Trafford 'masterplan'
- Israel-Hezbollah exchanges intensify on Lebanon border
- French mayor sorry for 'no one died' remark over mass rape trial
- Mohamed Al-Fayed, outsider shunned by British high society
- Lawyers say 'monster' late Harrods owner abused dozens of women
- India in box seat after Bumrah takes four against Bangladesh
- Taiwan retains death penalty but limits use to 'exceptional' cases
- Ferrari's Leclerc sets early pace in Singapore ahead of Norris
- 10 years into Huthi rule, some Yemenis count the cost
- France poised to finally get new govt
- Kompany, Alonso call for action on player workload amid strike talks
- Liverpool goalkeeper Alisson doubtful for Bournemouth clash
- Bumrah takes four as India bowl out Bangladesh for 149
- Sri Lanka 134-1 to take upper hand in first New Zealand Test
- Bayern's Kompany calls for game cap for players amid strike talks
- Christie's expands Hong Kong footprint in hope of art market 'pickup'
- Sultry screen legend Sophia Loren turns 90
- Cambodian opposition figure in court on incitement charge
- Bumrah takes three wickets to have Bangladesh in trouble at 112-8
- Kimchi threat as heatwave drives up South Korea cabbage prices
- UK economic data delivers fresh blow to new govt
- China to 'gradually resume' seafood imports from Japan after Fukushima ban
- India minister blames dam release for flooding
- O'Rourke strikes early for Kiwis as Sri Lanka trail by three
- Deep takes two as Bangladesh totter in reply to India's 376
- Israel pounds Lebanon's Hezbollah after device blasts
- Revolution or mirage? Controversy surrounds new Alzheimer's drugs
Stocks slip as Ukraine peace talks stall, economic outlook worsens
European and US stocks sank Thursday as key peace talks between Russia and Ukraine stalled, compounded by a rapidly worsening inflation and growth outlook.
Ukraine's Foreign Minister Dmytro Kuleba and Russian counterpart Sergei Lavrov met in Turkey in the first top-level talks since Moscow's invasion two weeks ago, but failed to make any progress to end a conflict that has sent more than 2.3 million people fleeing the country.
"The latest talks between Russia and Ukraine failed to provide breakthrough in ending the war," said ThinkMarkets analyst Fawad Razaqzada.
"Markets have reacted in the way you would expect."
European stocks fell after having surged the previous day on sliding oil prices and a glimmer of hope for an end to the conflict that has seen Western nations slap a range of sanctions on Russia that will result in its economic isolation.
US stocks also moved lower, with the Dow shedding 1.3 percent.
Meanwhile, oil prices clawed back some ground after having fallen by more than 12 percent on Wednesday on hopes oil producing nations will step up production.
European benchmark Brent North Sea oil rose 1.9 percent and New York's WTI gained 1.2 percent, but were still way below the peak of $139 reached earlier this week as investors were spooked about moves by Western nations to ban Russian oil.
Markets have been rocked by extreme volatility in the two weeks since Russia invaded its neighbour, sparking a wave of sanctions against Moscow.
Trading of shares in Russia's steelmaking giant Evraz, whose key shareholders include Roman Abramovich, was suspended in London after the UK slapped an asset freeze on the Russian oligarch over his alleged Kremlin links.
It includes a halt to Abramovich's plan to sell football giant Chelsea.
- Inflation and growth concerns -
The latest economic data provided little comfort to investors, however.
US consumer prices rose at a fresh 40-year high, spiking 7.9 percent annually in February amid rising costs for gasoline, food and housing.
"Everything that makes up inflation is going bonkers," Adam Sarhan of 50 Park Investment told AFP, adding: "it really slows down growth and that becomes stagflation."
The European Central Bank on Thursday jacked its inflation forecast for this year to 5.1 percent, while cutting the outlook for growth to 3.7 percent.
While it will remove pandemic aid to the economy quicker than it had previously indicated, the ECB also gave itself more flexibility as to when it will start raising interest rates.
"The Russia-Ukraine war adds further fuel to the blazing rate of inflation via higher energy, food and core commodity prices that are turbo charged by a worsening in supply chain problems," Kathy Bostjancic of Oxford Economics said.
The euro slid against both the dollar and pound.
- Key figures around 1630 GMT -
New York - Dow: DOWN 1.3 percent at 32,869.97 points
EURO STOXX 50: DOWN 3.0 percent at 3,651.39
London - FTSE 100: DOWN 1.3 percent at 7,099.09 (close)
Frankfurt - DAX: DOWN 2.9 percent at 13,442.10 (close)
Paris - CAC 40: DOWN 2.8 percent at 6,207.20 (close)
Tokyo - Nikkei 225: UP 3.9 percent at 25,690.40 (close)
Hong Kong - Hang Seng Index: UP 1.3 percent at 20,890.26 (close)
Shanghai - Composite: UP 1.2 percent at 3,296.09 (close)
Brent North Sea crude: UP 1.5 percent at $113.48 per barrel
West Texas Intermediate: UP 1.5 percent at $110.16
Euro/dollar: DOWN at $1.1010 from $1.1076 Wednesday
Pound/dollar: DOWN at $1.3121 from $1.3181
Euro/pound: DOWN at 83.92 pence from 84.03 pence
Dollar/yen: UP at 116.03 yen from 115.83 yen
burs-ach/rl
E.Schubert--BTB