Asian Importers were banking on wheat from India, the world's second-biggest producer, after exports from the Black Sea region plunged following Russia's Feb. 24 invasion of Ukraine. Russia and Ukraine jointly account for about 30 percent of global wheat exports.

Warren Buffett shared biggest Berkshire Hathaway's investment with its shareholders at the company's recent annual meeting. He informed about investing heavily in Chevron, Occidental Petroleum, and HP Inc. during the quarter while picking up nearly 4 million more Apple shares and betting that Microsoft's acquisition of Activision Blizzard will go through.

The Biden-Bezos spat erupted after US President tweeted about raising corporate tax to fight the 40-year high inflation. The White House retorted that Bezos opposes an economic agenda for the middle class. Bezos again fired back, arguing that the Biden administration would have made inflation worse.

G7 foreign ministers promised to reinforce Russia's economic and political isolation, continue supplying weapons to Ukraine and work to ease food shortages stemming from Russia's Feb. 24 invasion of its neighbour. Russia responded to this by stating that attempts to isolate Moscow have worsened global food shortages.