BLOOMBERG US equity futures edged higher after a key measure of US inflation stepped down in February by more than expected, and consumer spending stabilised, suggesting the Federal Reserve may be close to the end of its rate-hiking campaign. The dollar pared an advance. Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index ...

BLOOMBERG President Vladimir Putin approved a new Russian foreign policy concept that set out to confront the US and its allies, claiming an “era of revolutionary changes” was under way in international relations. The US is “the source of fundamental risks to the security of the Russian Federation” and most European states are pursuing an “aggressive policy” aimed at undermining ...

BLOOMBERG Thousands of supporters of Imran Khan, Pakistan’s former prime minister, were arrested by security officials in recent weeks, escalating political tension ahead of national elections this year. The police have detained more than 2,100 party workers, according to Fawad Chaudhry, Khan’s aide. He said the whereabouts of many are unknown. Senior leaders of Pakistan Tehreek-e-Insaf, the party Khan founded, ...