President Putin orders his forces into the rebel-held eastern Ukrainian regions of Donetsk and Luhansk, sending Asian equities and U.S. futures into a nosedive. U.S. President Biden signs an executive order to slap sanctions on the breakaway regions, with further action promised – as well as from the UK and the EU. HSBC hikes guidance as FY profits more than double. And U.K. Prime Minister Boris Johnson lifts all Covid-era restrictions in England but warns that a virus resurgence remains a possibility.

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