Desperation Mounts for Ukrainians in Mariupol as Russia Tries to Capture Key City

LVIV, Ukraine—Rescuers dug through the debris of a bombed theater in Mariupol where hundreds of Ukrainian civilians had sought shelter as Russian forces continued to shell the southern port city and other urban areas across the country. The entrance to a bomb shelter under the theater in Mariupol was blocked when the building partially collapsed … Read more

Stocks Open Lower After Rally on Fed Rate Rise

US stocks and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and oil soared as the market’s focus returned to the Ukraine war. The S&P 500 declined 0.4% in early trading, after the broad-market index closed more than 2% higher on the past two consecutive … Read more

Shell, BP to Withdraw From Russian Oil, Gas

European oil giants Shell SHEL 3.05% PLC and BP BP 5.68% PLC said they were stepping back further from doing business with Russia, with Shell saying it will immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. A spokesman for BP said it won’t … Read more

Russian Forces Advance in Southern Ukraine as Cease-Fire Talks End

KYIV, Ukraine—Moscow deepened its military offensive in southern Ukraine, penetrating the city of Kherson and pushing toward Zaporizhya, as Russian and Ukrainian negotiators agreed to establish “humanitarian corridors” to allow civilians to leave besieged cities. Negotiators, however, failed to reach any agreement on an overall cease-fire, and Russian President Vladimir Putin signaled that he is … Read more