Bill Hwang, the investment firm's owner, and his former chief financial officer had deliberately misled their banks, prosecutors said, so they could borrow money and place enormous bets on a handful of stocks through sophisticated securities.

As fighting rages on, the mayor of the besieged city of Mariupol, Ukraine, called on regional and local European Union leaders to help rebuild Ukrainian cities devastated by Russia's invasion once the war ends.

Ursula von der Leyen, the European Commission president, said the bloc would supply gas to Poland and Bulgaria after they were cut off by Russia's energy giant Gazprom for rejecting demands to pay for gas in rubles.

Defense Secretary Lloyd J. Austin III announced that the United States would lead monthly meetings with a group of nations to coordinate military and humanitarian aid to Ukraine.

Beijing officials began testing most of its 22 million residents after recording several dozen new coronavirus cases, in an attempt to avoid a citywide lockdown like in Shanghai.

Defense Secretary Lloyd J. Austin III holds a news conference from Ramstein Air Base in Germany after gathering defense officials from over 40 countries to discuss supplying more weapons to Ukraine.

Secretary of State Antony J. Blinken testifies at a Senate Foreign Relations Committee hearing on the State Department's budget request amid the war in Ukraine.

Beijing's residents stocked up on food and necessities after a rising number of Covid cases in the capital prompted lockdown fears.

Secretary of Defense Lloyd J. Austin III and Secretary of State Antony J. Blinken spoke to reporters Monday after a trip to Ukraine. Mr. Austin said the United States hopes to see Russia's military capabilities reduced so that 'it can't do the kinds of things that it has done in invading Ukraine.'

In the shadow of a devastating war, worshipers in Kyiv, Ukraine's capital, attended services on the holiest day of the year for Orthodox Christians.