Global stock markets and Wall Street futures rebounded Wednesday from jitters over Western sanctions on Russia in response to President Vladimir Putin's authorization to send soldiers into eastern Ukraine.

In New York, futures for the benchmark S&P 500 index rose 0.8% and the same for the Dow Jones Industrial Average was up 0.7%.

Cyclone Emnati crashed into the southeastern coast of Madagascar in the early hours of Wednesday, ripping roofs off houses and raising fears of flooding and food shortages in a region still recovering from the destruction inflicted by another tropical storm just weeks ago.

More than 30,000 people were moved to safe accommodation before Emnati arrived and Madagascar's National Office for Risk and Disaster Management estimates more than 250,000 people could be impacted by the latest cyclone.

The International Energy Agency said Wednesday that emissions of planet-warming methane from oil, gas and coal production are significantly higher than governments claim.

The Paris-based agency said its analysis shows emissions are 70% higher than the official figure provided by governments worldwide. If all leaks were plugged, the methane captured would be enough to supply all of Europe's power sector, it said.

One by one, embassies and international offices in Kyiv closed. Flight after flight was canceled when insurance companies balked at covering planes arriving in Ukraine. Hundreds of millions of dollars in investment dried up within weeks.

With Russian troops encircling much of the country, Ukrainian businesses large and small no longer plan for the future — they can barely foresee what will happen week to week.

China on Wednesday accused the U.S. of creating "fear and panic" over the crisis in Ukraine, and called for talks to reduce rapidly building tensions.

Foreign Ministry spokesperson Hua Chunying said China is opposed to new unilateral sanctions imposed on Russia, reiterating a longstanding Chinese position.

Environmental campaigners say Romania has failed to tackle illegal logging and nature destruction in areas protected by European Union law, two years after Brussels warned the country to put an end to illicit deforestation.

A new report authored by nongovernmental groups Agent Green, EuroNatur, and ClientEarth, obtained by The Associated Press before its official release, alleges that widespread destruction in Natura 2000 sites — areas of special value that are meant to be protected by EU law — has in some areas intensified since the EU Commission issued warnings in February 2020.

Germany's Cabinet on Wednesday approved raising the country's minimum wage to 12 euros ($13.60) per hour in October, making good on a key pledge in Chancellor Olaf Scholz's election campaign last year.

Germany has had a national minimum wage since 2015. It was introduced at the insistence of Scholz's center-left Social Democrats, who at the time were junior partners in conservative Chancellor Angela Merkel's government.

Climate activists on Wednesday blocked roads leading to Germany's three biggest airports, gluing themselves to the ground before police arrived.

Members of the group Uprising of the Last Generation said they wanted to disrupt cargo and passenger traffic at the airports in Frankfurt, Munich and Berlin.

As South Korea enters a bitter presidential race, Hong Hee-jin is one of many young women who feel that the country's politics has become dominated by discrimination against women, even outright misogyny.

"Women are being treated like they don't even have voting rights," the 27-year-old office worker in the capital, Seoul, said.

The Olympics have said goodbye to Asia after a star-crossed run, and it's unclear when they'll be back after the continent hosted four of the last eight Games.

The earliest the Summer Games could return is 2036, and the favorite could be the world's most populous country — not China, as you might expect, but India.