Less that two months after Ukrainian heavyweight boxing champion Vladimir Klitschko defeated Russian challenger Alexander Povetkin in a packed Moscow arena, Russia took its revenge on Ukraine. The Eastern European nation's president, Viktor Yanukovich, bowed to pressure from his Russian counterpart, Vladimir Putin, and signaled that his country won't sign a key agreement with the European Union next week, opting instead to stay within Russia's sphere of influence.
Tanzanian President Jakaya Kikwete said his country remains committed to the five-nation East African Community even after it was excluded from recent key meetings, though he warned against fast-tracking integration.
Thai floods severed global supply chains for companies such as Apple Inc. and Toyota Motor Corp. in 2011. The country is debating whether to spend $75 billion on its roads, rails and waterways to avoid another disruption.
The five-nation East African Community will declare a common market tomorrow, leading to the creation of a free trade zone over the next few years and ultimately enabling them to forge a political federation.
Power prices in France and Germany are diverging more than at any time since they were linked three years ago as conflicting national energy policies undermine the European Union’s plan for a single market in 2014.