North Korea's new era can't be any worse
In situations as dire as that of North Korea, any change is a harbinger of hope. As much is true of the death of the reclusive nation's leader, Kim Jong Il, and the ascension of his youngest son, 20-something Kim Jong Un. Even though this has triggered immediate fears of instability throughout northeast Asia, the longer-term outlook is surely one of enhanced optimism, for the Korean people and the rest of the world.
Oil could hit a new record in 2012
Crude oil may rise for a fourth year to a record average price in 2012 as demand in emerging markets increases and the U.S. avoids a recession.
Opposition leaders skeptical on Medvedev reform plans
The head of the liberal Yabloko party is skeptical about prospects for implementing the political reforms proposed by Russian President Dmitry Medvedev on Thursday, saying that the outgoing president would not have enough time to follow through on them.
Latvia, Lithuania to join eurozone budget treaty
It is likely that the European Union will experience greater economic stratification: there will be member states with stronger economies, and some countries will then attempt to agree with each other and ignore the others, Finance Minister Andris Vilks (Unity) said in an interview with the newspaper Diena.
India, Russia against unilateral sanctions on Iran
India and Russia Friday warned against unilateral sanctions on Iran, in an apparent reference to actions taken by US and other Western nations, and advocated the use of political and diplomatic means to resolve the tensions arising out of Tehran's nuclear programme.
Russia joins WTO after long wait
Russia has finally joined the World Trade Organization (WTO) at a ceremony in Switzerland on Friday, after 18 years negotiating its membership.
Russia pledges at least $10 billion to save euro
Russia, hoping to keep its largest export market from collapsing, will give at least $10 billion to the International Monetary Fund to help support the struggling euro currency, an aide to President Dmitry Medvedev said Thursday.
Bulgaria Officially Tells Russia BA Pipeline Is Over
Russia's Ministry of Foreign Affairs has received an official statement from Bulgaria confirming the Balkan country's decision to abandon the Burgas-Alexandroupolis oil pipeline.
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