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21 people have been killed by Russian artillery that destroyed a school and a community center in Merefa, near the northeast city of Kharkiv, officials said.

Destroyed apartments damaged by shelling, in Kharkiv, Ukraine, on Sunday | Photo: AP/PTI

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	<strong>Live news updates:</strong>&nbsp;Russia&#39;s invasion of Ukraine has largely stalled on all fronts, with Russian forces suffering heavy losses and making minimal progress on land, sea or air in recent days, British military intelligence said on Thursday.</div>
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	&quot;Ukrainian resistance remains staunch and well-coordinated,&quot; said the defence ministry, according to Reuters. &quot;The vast majority of Ukrainian territory, including all major cities, remains in Ukrainian hands.&quot;</div>
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	The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.</div>
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	Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018, after two years of holding borrowing costs near zero to insulate the economy from the pandemic. St. Louis Fed President James Bullard dissented in favor of a half-point hike, the first vote against a decision since September 2020, Bloomberg reported.</div>
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LIVE: At least 21 dead after Russian shelling of east Ukraine town

Business Standard

More than 3 million people have fled Ukraine

More than 3 million people have fled Ukraine to neighbouring countries but the United States has only admitted several hundred Ukrainian refugees. Critics question why the United States hasn&#39;t taken more, Reuters reported.

Russia bombed civilian shelter, says Mariupol council

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	A Russian plane bombed a theatre in the besieged southern city of Mariupol where hundreds of people have been sheltering, according to the city council. Debris blocked the entrance to the interior and shelling continues, making it impossible to assess casualties, officials said. The Maxar satellite firm collected images showing the word &ldquo;children&rdquo; was written in large white letters in Russian in front of and behind the theatre, Bloomberg reported.</div>
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Citigroup, Wells Fargo raise base lending rates

Citigroup Inc and Wells Fargo &amp; Co said on Wednesday they were raising their base lending rates, hours after the U.S. Federal Reserve increased its benchmark interest rate by a quarter of a percentage point. Both banks said they were lifting their base rates to 3.5% from 3.25%, effective Thursday, Reuters reported.

UN Security Council to vote on Russian proposal for aid

The UN Security Council is due to vote on Friday on a Russian-drafted call for aid access and civilian protection, but diplomats say the measure is set to fail because it does not push for an end to the fighting or withdrawal of Russian troops.

US wants Indian leaders to stand up against Putin's invasion: White House

The United States remains in touch with Indian leaders and continues to encourage them to work closely with it to stand up against the Russian invasion of Ukraine, the White House said Wednesday. &quot;As you know, we remain in touch through a range of channels from our national security team with leaders in India and continue to encourage leaders to work closely with us to stand up against President Putin&#39;s invasion of Ukraine,&quot; White House Press Secretary Jen Psaki told reporters, according to PTI.