President Putin anoints deputy prime minister Dmitry Medvedev as his successor; Mr Medvedev says he wants his former boss as prime minister. But will this arrangement reflect either man's political ambitions?

Federal Reserve Chairman Ben Bernanke cuts US interest rates by a quarter percentage point, but disappointed financial markets want deeper reductions to keep recession at bay.

George Bush’s subprime rescue plan will blunt the sharp edge of America’s housing crisis for a small group of borrowers, but it will not keep the industry’s historic slump from deepening.

ArcelorMittal will boost investment in Brazil’s dynamic steel sector while integrating operations into its global plans.

Imminent elections in South Korea and Taiwan could boost political stability, but volatility will persist in Pakistan and Thailand.

The first gathering of EU and African leaders in seven years made little progress on key topics such as trade and human rights. Negotiations are likely to have to start afresh in 2008.