Stocks rallied in the US and in Europe on Tuesday on expectations of an emergency European Union bailout for Greece. But Greece, with a ballooning national debt, is not out of the woods yet.
The weak, transitional Somalia government may finally bring President Sheikh Sharif Ahmed some badly needed legitimacy if newly trained forces can push back the militant Islamist group, Al Shabab.
The Ukraine Central Election Commission posted an announcement late Monday on its website showing Viktor Yanukovich is in the lead to be Ukraine's next president. But his main rival Yulia Tymoshenko is alleging fraud.
After spending much of Friday below 10000, the market recovered lost ground amid positive news about unemployment. But the government-debt crisis in Greece is prompting investors to worry, again, about the health of the financial system.
Yulia Tymoshenko, the fiery heroine of Ukraine's Orange Revolution, warned of massive fraud by her rival Viktor Yanukovich in Sunday's election and threatened to call for street protests. But few Ukrainians seem eager to march.
The host of the Munich security conference, which opens today, says Europe must step up and help its main ally, the US, and tackle pressing global security needs like Afghanistan and Iran.
Ukraine votes Feb. 7 in a runoff between bitter rivals Yulia Tymoshenko and Viktor Yanukovych that some say could destabilize the democratic process.
Istanbul is the 2010 European Capital of Culture, which will help Turkey beef up its candidacy for the European Union while highlighting its emergence as a regional power.