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March 2, 2022: Ukraine's Kherson, Biden closes U.S. airspace, Airstrikes in Kharkiv, Oil, Hong Kong

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March 2, 2022: Kherson fighting, Biden bars Russian flights, Airstrikes kill four in Kharkiv, Oil gains, Hong Kong locks down

1. Ukrainians said they were fighting on in the first sizeable city Russia claimed to have seized, while Moscow stepped up its lethal bombardment of major population centres that its invasion force has so far failed to tame.

2. U.S. President Joe Biden assailed Russian President Vladimir Putin, barred Russian flights from American airspace and led Democratic and Republican lawmakers in a rare display of unity in a State of the Union speech dominated by Russia’s invasion of Ukraine.

3. Four more people were killed and nine wounded as a barrage of Russian air and rocket strikes pounded the northeastern Ukrainian city of Kharkiv on Wednesday morning, the local emergency services and Mayor Ihor Terekhov said.

4. Stocks markets saw some small gains but oil spiked further and the rouble fell, as Russia showed no signs of stopping its assault on Ukraine.

5. Hong Kong's government said any decision to impose a COVID-19 lockdown would take into account the global financial hub's status and ensure basic needs such as food and urged anxious residents who raided supermarkets this week not to panic.

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