World stocks edged higher after a wobbly start on Tuesday, while U.S. Treasury yields slipped as data showing a jump in U.S. inflation was in line with expectations.

The U.S. Treasury said on Tuesday it was issuing a general license authorizing the wind-down of transactions involving SB Sberbank Kazakhstan and Sberbank Europe AG through July 11.

New York Lieutenant Governor Brian Benjamin has been arrested and charged with bribery and fraud for allegedly directing state funds to a group controlled by a real estate developer who was a campaign donor, U.S. prosecutors said on Tuesday.

U.S. monthly consumer prices increased by the most in 16-1/2 years in March as Russia's war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50 basis points interest rate hike from the Federal Reserve next month.

PARIS (Reuters) -French car marker Renault is considering shifting production of the successor to its Alpine A110 model to Britain, news website La Tribune reported.

Thursday's European Central Bank meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from the war in Ukraine.