Russia faces a payment deadline for two international bonds today – worth $117 million – but it's unclear whether Moscow will be able to pay. The finance ministry has said its ability to make foreign payments has been hampered by sanctions. If Russia is unable to make the payments within a 30-day grace period, it will face its first default on international debt in more than a century. Also today, two fuel depots in western France have been blockaded in protest at high prices.

Russia faces a payment deadline for two international bonds today – worth $117 million – but it's unclear whether Moscow will be able to pay. The finance ministry has said its ability to make foreign payments has been hampered by sanctions. If Russia is unable to make the payments within a 30-day grace period, it will face its first default on international debt in more than a century. Also today, two fuel depots in western France have been blockaded in protest at high prices.

Russia faces a payment deadline for two international bonds today – worth $117 million – but it's unclear whether Moscow will be able to pay. The finance ministry has said its ability to make foreign payments has been hampered by sanctions. If Russia is unable to make the payments within a 30-day grace period, it will face its first default on international debt in more than a century. Also today, two fuel depots in western France have been blockaded in protest at high prices.

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

As concerns grow over Russia's ability to meet its debt obligations, IMF chief Kristalina Georgieva says a default is no longer seen as "improbable". Also, lockdowns in China send shares in Hong Kong plummeting, and the French economy adjusts to higher fuel prices.

As concerns grow over Russia's ability to meet its debt obligations, IMF chief Kristalina Georgieva says a default is no longer seen as "improbable". Also, lockdowns in China send shares in Hong Kong plummeting, and the French economy adjusts to higher fuel prices.

As concerns grow over Russia's ability to meet its debt obligations, IMF chief Kristalina Georgieva says a default is no longer seen as "improbable". Also, lockdowns in China send shares in Hong Kong plummeting, and the French economy adjusts to higher fuel prices.