U.S. national security adviser Jake Sullivan on Wednesday laid out some broad guidelines about the types of Chinese support for Russia that would warrant a response from the United States, after warning Beijing last week of potential dire consequences.

French drugmaker Sanofi on Wednesday said it would stop immediately any new spending not related to the supply of essential and life-changing medicines and vaccines in Russia, as well as in Belarus.

German growth will be weaker than expected this year due to the effects of Russia's invasion of Ukraine which will also push up inflation in Europe's biggest economy, the Ifo institute said on Wednesday.

The United States has no plans to renegotiate a quota agreement forged by South Korea and the former Trump administration, U.S. Commerce Secretary Gina Raimondo said on Wednesday, a day after agreeing to cut tariffs on British steel and aluminum.

Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed.

LONDON/NEW YORK (Reuters) -Oil prices jumped 5% to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies.