Former Pakistan premier Imran Khan underwent surgery to remove bullet fragments after he was shot in the leg at a rally in eastern Punjab province. He is in stable condition. Khan blames Prime Minister Shehbaz Sharif and others in his administration for the attack, according Asad Umar, a senior leader of his Pakistan Tehreek-e-Insaf party. Khan spoke to two senior ...

Stocks and bonds fall as Jerome Powell’s warning that the Federal Reserve would raise interest rates more than previously anticipated sapped risk appetite. The dollar gained. Futures on the S&P 500 fall 1% in the wake of Wednesday’s 2.5% drop. The selloff spread to Europe and Asia, where China’s affirmation of its Covid-Zero stance dashed hopes of a reopening. Lumen ...

India’s most valuable startup, online-education giant Byju’s, is finalising plans for a $1 billion initial public offering (IPO) of its tutoring business Aakash Educational Services. The company is in talks with at least four foreign banks — JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley — as well as Indian banks including Kotak Mahindra Bank. ...