US re-establishing relations with Cuba

US President Barack Obama announced the re-establishment of diplomatic relations as well as an easing in economic and travel restrictions on Cuba.

Russians flock to stores to pre-empt price rises

Russian consumers flocked to the stores, buying a range of big-ticket items to pre-empt the price rises.

China set to make tracks for Europe

China is to boost its presence in the Balkans and funnel exports to Europe through a "corridor" linking Beijing with the continent via the Mediterranean.

Russia begins mobilizing leftover reserves to save ruble

The Russian Finance Ministry has begun selling its leftover currency reserves on the market.