UKRAINE

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Greece deficit worse than feared, markets tumble

Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, triggering a fresh slide of asset prices in Greece and other debt-choked European countries.

Greece rating cut, deficit worse than feared

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Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, as Moody's Investors Service downgraded its rating of Greek government debt.

Inside a global cybercrime ring

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Hundreds of computer geeks, most of them students putting themselves through college, crammed into three floors of an office building in an industrial section of Ukraine's capital Kiev, churning out code at a frenzied pace. They were creating some of the world's most pernicious, and profitable, computer viruses.
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Ukraine's government falls in no-confidence vote

Ukraine's parliament dismissed the government of Prime Minister Yulia Tymoshenko Wednesday, giving her rival, the newly elected President Viktor Yanukovich, the difficult task of stitching together a new ruling coalition.
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Yanukovich pledges to fight Ukraine's woes

Ukraine's Viktor Yanukovich was sworn in as president on Thursday, pledging to balance his country between Russia and Europe and win back foreign support for the struggling economy.
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World crude steel output rises 25.5% in Jan

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 109 million metric tons (mmt) in January. This is 25.5% higher than January 2009.China's crude steel production for January 2010 was 48.7 mmt, an increase of 18.2% on January 2009. Japan produced 8.7 mmt of crude steel in January 2010, up 36.8% compared to the same month last year. South Korea showed an increase of 32.4% from January 2009, producing 4.5 mmt of crude steel in January 2010.
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Ukraine's Tymoshenko presses Yanukovich in parliament

Ukrainian Prime Minister Yulia Tymoshenko sought on Monday to force a quick parliamentary vote she hopes will back her government before President-elect Viktor Yanukovich has time to muster support to bring it down.
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Ukraine turmoil as defiant Tymoshenko clings on as PM

Ukraine's Yulia Tymoshenko on Thursday defiantly refused to concede defeat to rival Viktor Yanukovich in a presidential election, throwing Ukraine into turmoil that threatened chances of a swift return to stability.
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EU welcomes Ukraine's Yanukovich

NATO and the European Union's new president joined U.S. President Barack Obama in congratulating Viktor Yanukovich on Friday on his election in Ukraine, as the West looked to extend a hand to the Moscow-leaning leader.
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Tymoshenko clings on as PM after Ukraine poll loss

Ukraine's Yulia Tymoshenko on Thursday defiantly refused to concede defeat to rival Viktor Yanukovich in a presidential election, throwing Ukraine into turmoil that threatened chances of a swift return to stability.
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Yanukovich presses Ukraine rival to concede defeat

Ukrainian opposition leader Viktor Yanukovich pressed rival Yulia Tymoshenko to concede defeat on Monday after a narrow victory in a presidential election that could tilt the ex-Soviet state back towards Moscow.
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Deadlock could drive World Cup online in Singapore

Singapore's telecommunications giants SingTel and Starhub could be cut out of broadcasting the soccer World Cup, forcing fans to view matches live on the internet unless a deadlock over rights fees can be resolved.
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Sovereign defaults head 2010 risk hitlist for WEF

The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
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At least 12,220 dead from H1N1 worldwide:WHO

At least 12,220 deaths from H1N1 flu have been formally confirmed around the globe but the pandemic appears to be declining, the World Health Organisation (WHO) said on Wednesday.

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