Republican U.S. Representative Jeff Fortenberry, who was convicted of lying to FBI investigators about illegal contributions to his 2016 re-election campaign, said on Saturday that he would be resigning from Congress.

The United States is done "sitting on its hands" and will more actively pressure China, the world's second largest economy, to change trade practices that Washington believes distort the market, top U.S. trade negotiator Katherine Tai said.

The European Central Bank does not expect the war in Ukraine to push the euro zone into stagflation even if it does push up inflation due to higher energy prices and push down growth, President Christine Lagarde was quoted as saying on Saturday.

Russia is looking to China, India, Iran and Turkey to plug the gap created by an exodus of western retail companies, an industry body said on Friday, as Moscow grapples to find ways to combat its growing isolation in the face of sanctions.

The Federal Aviation Administration's safety chief Billy Nolen is expected to be named acting leader of the agency after the current administrator, Steve Dickson, steps down at the end of March, the Wall Street Journal reported on Saturday.

HSBC is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield itself from Western sanctions against Moscow.