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Stock markets retreated Thursday as a clutch of central banks in Europe hiked interest rates again to combat persistently high inflation.

A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation.

If world leaders and the heads of multilateral development banks gathered at a Paris summit recognise that climate goals depend on revamping the architecture of global finance, it would be a "historic" development, a top development economist said Thursday.

Athletes appeared to be teleported on stage and a larger-than-life projection of the IOC president addressed the crowd as the first-ever Olympic Esports Week kicked off in Singapore on Thursday.

Hafize Gaye Erkan can be forgiven for approaching her new job with caution after moving from the bright lights of Wall Street to the treacherous terrain of Turkey's much-maligned central bank, a place where job security is scarce.

Beijing logged its hottest June day since records began on Thursday, the national weather service said, as swathes of northern China sweltered in 40-degree heat.

MotoGP heads to the Dutch Grand Prix on Sunday fresh from a thrilling race in Germany that seemed to demonstrate a continental shift in the balance of biking power.

Olympic chief Thomas Bach on Thursday criticised the Ukrainian government for "sanctioning" its own athletes by not allowing them to compete in recent global competitions.

A multinational mission to find a missing submersible near the Titanic wreck is still focused on rescuing the five-member crew alive, the US coast guard insisted Thursday, despite fears that the vessel's oxygen may already have run out.

The International Olympic Committee on Thursday withdrew its recognition of boxing's governing body, the IBA, but said the sport would be on the programme at the 2024 and 2028 Games in Paris and Los Angeles.

The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle stubbornly high UK inflation despite such a move worsening a cost-of-living crisis.

The death of at least 23 migrants during an attempt to cross into Spain's North African enclave of Melilla from Morocco one year ago prompted an outcry over police actions, but advocates say no-one has been held responsible.

Turkey on Thursday pivoted away from years of unconventional economics promoted by President Recep Tayyip Erdogan as the central bank nearly doubled its key interest rate to fight inflation and steady the troubled lira.

British Defence Secretary Ben Wallace has ruled himself out of the race to become NATO's next chief, as the alliance mulls extending Jens Stoltenberg in the role.

A Ukrainian strike damaged a bridge that connects south Ukraine to the annexed Crimean peninsula, a Russian official said on Thursday as tensions again rose over a Moscow-held nuclear power plant.

A Russian court on Thursday rejected an appeal to release US reporter Evan Gershkovich from detention in Moscow, an AFP journalist in the courtroom said, ahead of his trial on contested espionage charges.

The National Portrait Gallery in London reopened to the public on Thursday following a three-year closure for renovation, seeking to make its updated collection more "representative" of modern Britain.

European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17 companies of greenwashing, the practice of making misleading climate-related claims.

One person was still missing on Thursday after a blast ripped through a building in central Paris, while six others were in critical condition receiving urgent treatment in hospital as rescuers sifted through wreckage.

A public debate on Ireland's international security policy, including its long-standing military neutrality, was disrupted by an anti-NATO demonstration in its opening session on Thursday.

Tech titans Mark Zuckerberg and Elon Musk are in a fierce business rivalry that has spilt over into a playground spat, with the two men offering to fight each other in a cage.

Beijing on Thursday appeared to log its hottest June temperature since reliable records began, according to weather data and local media reports, as swathes of northern China sweltered in 40-degree heat.

European stock markets retreated Thursday as traders track more rate hikes from central banks aimed at cooling elevated inflation.

The first-ever Olympic-organised Esports Week kicked off in Singapore on Thursday, but an IOC official said there is currently no plan to include video games in the Olympic program.

Moments after Ukrainian soldiers in their nation's east noted a brief lull in fighting, a Russian tank round smashed into the ground nearby, sending a column of soil upwards.

Senegalese opposition leader Ousmane Sonko has filed a criminal complaint in France for "crimes against humanity" against President Macky Sall, his lawyer said, as well as requesting a probe by the International Criminal Court (ICC).

US President Joe Biden on Thursday rolled out the red carpet for Indian Prime Minister Narendra Modi with major deals on fighter-jet engines, semiconductors and space, as Washington bets big on New Delhi as a counterweight to China.

Swathes of northern China sweltered in 40-degree heat on Thursday, weather data showed, as parts of Beijing and the nearby megacity of Tianjin recorded their highest temperatures for years.

French President Emmanuel Macron told global leaders Thursday that no country should have to choose between tackling poverty and dealing with climate change at a summit tasked with reimagining the world's financial system.

Markets in Asia and Europe fell on Thursday as traders contemplated the prospect of more central bank interest rate hikes as they struggle to tame persistently high inflation.

British Defence Secretary Ben Wallace says he is out of the running to become NATO's next chief, as the alliance mulls extending Jens Stoltenberg in the role.

French rescuers scoured the rubble for a missing person on Thursday, a day after a blast ripped through a building in central Paris, leaving four seriously injured.