Global shares traded mixed Thursday as pessimism spread among investors about any imminent interest rate cut in the United States.

France's CAC 40 added 0.2% to 7,334.46 in early trading. Germany's DAX was little changed, declining less than 0.1% to 16,431.08. Britain's FTSE 100 declined nearly 0.1% to 7,440.86. U.S. shares were set to be mixed with Dow futures inching down less than 0.1% to 37,444.00, while S&P 500 futures edged up nearly 0.1% to 4,773.50.

It's been nearly two years since the United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow's invasion of Ukraine. That roughly $300 billion in Russian Central Bank money has been sitting untapped as the war grinds on, while officials from multiple countries have debated the legality of sending the money to Ukraine.

The idea of using Russia's frozen assets is gaining new traction lately as continued allied funding for Ukraine becomes more uncertain and the U.S. Congress is in a stalemate over providing more support. But there are tradeoffs since the weaponization of global finance could harm the U.S. dollar's standing as the world's dominant currency.

Inflation across the United Kingdom increased unexpectedly last month as a result of sharp hikes in tobacco and alcohol prices, according to official figures released Wednesday.

Economists said it was unlikely to prompt concern at the Bank of England, which recently ended nearly two years of interest rate increases.

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.

Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams — 11 baseball, 15 NBA and 11 NHL.

Ukraine's hard-won economic stability is under threat again as the government faces a large budget hole and its two biggest allies and sponsors — the United States and the European Union — have so far failed to decide on extending more aid.

Without pledges of support by the start of February — when EU leaders meet to decide on aid — and if no money arrives by March, that could risk the progress Ukraine has made against inflation. It has helped ordinary people keep paying rent, put food on the table and resist Russia's efforts to break their society's spirit.

The top diplomats of Iran and the United States sit down for public — and separate — one-on-one chats while the U.N. chief and leaders of France, Argentina and Spain will deliver speeches as the World Economic Forum's annual meeting saunters into a busy second day on Wednesday.

The elite gathering in the Swiss ski resort of Davos takes a turn toward the environmental and climate concerns that have animated plea after plea from U.N. Secretary-General Antonio Guterres for the world to come together do take more united action against global warming — after a record-hot year in 2023.

Farmers drove thousands of tractors into Berlin on Monday in the climax of a week of demonstrations against a plan to scrap tax breaks on the diesel they use, a protest that has tapped into wider discontent with Germany's government.

Columns of tractors rolled through the capital ahead of the demonstration at the landmark Brandenburg Gate. Over the past week, farmers have blocked highway entrances and slowed traffic across Germany with their protests, intent on pushing Chancellor Olaf Scholz's government to abandon the planned cuts entirely.

European markets opened lower while Asian markets were mostly higher on Monday as the week got off to a mixed start.

U.S. markets will be closed for Martin Luther King Day, a holiday.

Germany's economy shrank 0.3% last year as Europe's former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown budget crisis.

Europe's largest economy has been mired in stagnation since the last months of 2022 amid those multiple challenges. The International Monetary Fund expected Germany to be the worst-performing major developed economy last year, a major turnaround from its place as a model for how to expand when other nations were struggling.

The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos.

Oxfam, which for years has been trying to highlight the growing disparities between the super-rich and the bulk of the global population during the World Economic Forum's annual meeting, reckons the gap has been "supercharged" since the coronavirus pandemic.