The European Union's top diplomat, Catherine Ashton, has had a tough time since taking on the job four months ago, but will try to turn things around this week as she sets out her foreign policy goals.
The European Commission added to its economic stimulus program with the largest-ever package of grants to energy infrastructure, including support for the Nabucco pipeline project that will help Europe diversify its sources of natural gas. The package of 2.3 billion euros ($3.1 billion) for 43 projects will attract 22 billion euros ($30 billion) of private sector energy investment, largely for pipelines and electricity interconnectors.
The party of President Viktor Yanukovich pushed for a change in the law on Thursday to ease the creation of a new ruling coalition, essential if Ukraine is to dig itself out of economic crisis and avoid elections.
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.
Ukraine's ruling coalition collapsed on Tuesday as newly elected President Viktor Yanukovich moved to oust Prime Minister Yulia Tymoshenko and consolidate power.
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.
The European Union's energy strategy could cut a total 60 billion euros ($81.5 billion) off the bloc's oil and gas imports over the next decade, a leaked document from the EU executive shows.
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.
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.
Ukrainian Prime Minister Yulia Tymoshenko on Saturday dropped her legal case challenging the election of rival Viktor Yanukovich as president, saying the court could not be trusted to reach a fair verdict.
Ukrainian Prime Minister Yulia Tymoshenko launched a court appeal on Friday aimed at blocking the inauguration of President-elect Viktor Yanukovich and forcing a fresh vote for president.
Nearly all the major oil companies are looking across Europe for shale gas, an unconventional energy source that has transformed the U.S. energy market.
Ukraine's parliament on Tuesday fixed February 25 for the inauguration of Viktor Yanukovich as president, even as rival Yulia Tymoshenko prepared to challenge his election in court.
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.
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.
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.
Ukrainian Prime Minister Yulia Tymoshenko launched action on Tuesday to call rival Viktor Yanukovich's election as president into question.
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.
Ukraine's opposition leader Viktor Yanukovich headed for a slender victory on Monday in a bitterly contested presidential election but rival Yulia Tymoshenko refused to concede.
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.
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.
For sale: my vote in Ukraine's election on Sunday. From 300 to 500 hryvnias ($37-$63). Can gather others who want to sell.
