Argentina, already battling annual inflation running at over 50%, is braced for prices heating up further due to spiking global commodities costs that are being exacerbated by the Russian invasion of Ukraine.

(Reuters) -The latest on Russia's oligarchs and their assets:

EU antitrust regulators on Tuesday raided several automotive companies and associations in several countries on suspicion of breaching the bloc's cartel rules.

Russia is due to pay $117 million in interest on two dollar-denominated sovereign bonds on Wednesday - the first such payments since its invasion of Ukraine which sparked a raft of sanctions from Western capitals and countermeasures from Moscow.

The European Union on Tuesday launched a new barrage of sanctions against Russia for its invasion of Ukraine, including bans on Russian energy sector investments, luxury goods exports to Moscow and imports of steel products from Russia.

Russia faces its first major external debt default since 1917 as Western sanctions in response to its invasion of Ukraine limit its ability to service foreign bonds.

(Reuters) -French tyre maker Michelin is suspending its industrial activity in Russia and exports to the country due to supply difficulties following Moscow's invasion of Ukraine.

(Reuters) -European stocks fell on Tuesday, with commodity-linked sectors leading the losses, as concerns about surging coronavirus cases in China added to nerves ahead of a widely expected U.S. interest rate hike.

BRUSSELS (Reuters) -Amazon on Tuesday gained unconditional EU antitrust approval for its proposed $8.5 billion acquisition of U.S. movie studio MGM to help it to compete with streaming rivals Netflix and Disney+.

(Reuters) -U.S. consumer spending on e-commerce is expected to hit a record $1 trillion this year thanks to the pandemic-driven shift to online shopping, a report from Adobe Analytics showed on Tuesday.