Karl-Theodor zu Guttenberg is to become Germany's new economy minister, following the surprise resignation of his predecessor Michael Glos. Mr Zu Guttenberg has been proposed by his party, the Bavarian-based Christian Social Union (CSU), and his appointment is due to be a formality. At 37-years-old, he will become the youngest ever person to fill the role.
The oil cartel OPEC is willing to cut crude output further at a meeting in March, the group's secretary-general said on Monday in London. But he also underlined he would like to see full compliance of members with existing curbs first.
World Trade Organisation (WTO) members met on Monday to assess how far the financial crisis has encouraged protectionism. Diplomats representing rich and poor countries discussed WTO Director-General Pascal Lamy's January report showing countries had ignored the Group of 20 nations' plea in November against raising trade barriers.
Russia announced it was temporarily suspending beef imports from United States, Canada, Uruguay, Byelorussia and Ukraine because banned noxious substances had been detected in some shipments.
Jennifer Figge pressed her toes into the Caribbean sand, exhilarated and exhausted as she touched land this week for the first time in almost a month.
United Kingdom Conservative leader David Cameron has said he would do everything in his power to prevent Scottish independence if he becomes Prime Minister. Mr Cameron's assertion comes days after his party backed the SNP's (Scottish National Party) budget north of the border.
Forecasters warned more snow is on the way to Great Britain and the Government widened the search for foreign road salt and one council started using table salt to grit its roads.
British Chancellor Alistair Darling has told RBS (Royal Bank of Scotland) failure should not be rewarded with huge bonuses, but says he cannot rule out pay-outs for some staff.
Forecasters have warned of very low temperatures overnight, after snow brought a fifth day of chaos to the UK. Road, rail and air transport was again badly affected, while hundreds of schools were again closed.
The IMF has urged the Group of Twenty (G-20) industrialized and emerging market countries to take more decisive policy action to combat the corrosive global financial and economic crisis by bolstering demand and cleaning up the financial sector.