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Wall Street stocks climbed Wednesday as the US Fed chief stressed the need to combat decades-high inflation, but elsewhere equities and oil prices tumbled on mounting recession fears as central banks hike interest rates.

British annual inflation has hit a fresh 40-year high, official data showed Wednesday, further eroding workers' wages in a cost-of-living crisis, and heaping more pressuring the Bank of England to keep raising interest rates.

The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession, Federal Reserve Chair Jerome Powell cautioned Wednesday.

US health authorities are expected to order Juul Labs to stop selling e-cigarettes in the world's biggest economy, the Wall Street Journal reported Wednesday.

The Qatar World Cup's chief organiser announced "record-breaking" demand on Wednesday with 1.2 million tickets sold, but admitted it was hard to stop businesses taking advantage by raising prices.

Joe Biden pitched a temporary fuel tax break Wednesday to help American drivers face the highest inflation in four decades, but critics called it attempted window dressing by an unpopular US president ahead of difficult midterm elections.

French prosecutors said on Wednesday they were investigating a junior minister in President Emmanuel Macron's government after two allegations of rape were brought against her.

Saudi Arabia's de facto ruler took a big step out of international isolation Wednesday, paying his first visit to Sunni rival Turkey since the 2018 murder of journalist Jamal Khashoggi in the kingdom's Istanbul consulate.

President Emmanuel Macron was to address France on Wednesday over the crisis created by his failure to retain a parliamentary majority, with no solution in sight to an impasse that jeopardises his reform plans.

England captain Ben Stokes has urged his side not to let up as they seek a series clean sweep against world Test champions New Zealand at Headingley.

West Indies' lead selector Desmond Haynes described Kemar Roach as a "legend" as the fast bowler was named in an unchanged squad on Wednesday to take on Bangladesh in the second Test which starts in Saint Lucia on Friday.

Nick Kyrgios withdrew from the Mallorca Championships on Wednesday due to an abdominal injury, less than a week before the start of Wimbledon.

Moderna on Wednesday said its new Covid booster candidate, which it is hoping to get approved this fall, performed well against Omicron's latest subvariants.

Saudi Arabia's de facto ruler on Wednesday took another step out of his international isolation by paying his first visit to Turkey since the 2018 murder of journalist Jamal Khashoggi in the kingdom's Istanbul consulate.

Olympic champion Lamont Marcell Jacobs will return to the 100 metres at next week's Diamond League meeting in Stockholm, Italy's athletics federation (FIDAL) said on Wednesday.

Thousands of tractor-driving farmers demonstrated in central Netherlands on Wednesday, causing widespread traffic chaos as they protested against the government's far-reaching plans to cut nitrogen emissions.

Equities and oil prices tumbled Wednesday after a brief respite from last week's painful rout across world markets, with recession fears building as central banks hike interest rates to combat decades-high inflation.

The US economy is strong but faces an "uncertain" global environment and could see further inflation "surprises," Federal Reserve Chair Jerome Powell said Wednesday.

Bayern Munich confirmed the signing of Sadio Mane from Liverpool on Wednesday, as the Senegal forward signed a three-year deal with the Bundesliga champions.

Google has agreed to pay Wikipedia for content displayed by its search engine, mirroring deals the US tech giant has struck with news outlets in Europe.

Chinese President Xi Jinping warned against "expanding" military ties on Wednesday in a speech ahead of a virtual summit with top leaders from Russia, India, Brazil and South Africa.

The Myanmar junta's trial of a detained Australian economist will shift to a special court inside a prison compound in the capital Naypyidaw, a source with knowledge of the case said on Wednesday.

Investigators were headed to Miami Wednesday after a passenger jet's landing gear collapsed and it caught fire as it touched down at the US city's international airport, forcing 140 people to flee the burning and mangled aircraft.

Prince William on Wednesday unveiled a new national monument to the "Windrush" generation of Caribbean migrants who moved to Britain following World War II, praising their "immense contribution" to national life.

Bulgaria's coalition government faced collapse Wednesday just six months after taking office, as MPs prepared to vote on a no-confidence motion that if passed could mean fresh elections.

A wave of new French MPs with more diverse profiles, including a cleaner and a blind piano tuner, are heading to parliament after legislative elections that saw President Emmanuel Macron lose his majority.

Women will be allowed to take part in the main Viking-inspired torchlight procession on the remote Scottish island of Shetland for the first time next year, organisers said on Wednesday.

La Liga president Javier Tebas accused Nasser Al-Khelaifi of lying and arrogance on Wednesday after Paris-Saint Germain's president defended his club's lavish spending to keep Kylian Mbappe.

Pakistan selectors Wednesday recalled fit-again Yasir Shah for the two Test match series against Sri Lanka next month, after the leg-spinner's career was put on hold by nagging injuries last year.

Sadio Mane's transfer from Liverpool to Bayern Munich is a coup for the Bundesliga champions, who have signed a ready-made replacement for either wantaway striker Robert Lewandowski or winger Serge Gnabry.

Authorities in Iran have banned an Iranian movie about the struggles of a family in the sanctions-hit country after it was feted at this year's Cannes Film Festival.

A resurgence of Covid-19 cases in Europe, this time driven by new, fast-spreading Omicron subvariants, is once again threatening to disrupt people's summer plans.