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Ex-minister Kudrin warns of 'full-fledged crisis' in Russia

MOSCOW - Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

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Air China signs deal to purchase 60 Boeing B737 aircraft

BEIJING - Air China Ltd , the country's flag carrier, said Monday it signed an agreement to order 60 Boeing B737 planes for a total price of $5.9 billion.

China condemns cyberattacks, but says no proof North Korea hacked Sony

BEIJING/WASHINGTON - China said on Monday it opposed all forms of cyberattacks but there was no proof that North Korea was responsible for the hacking of Sony Pictures, as the United States has said.

Ocwen executive chairman to resign in $150 million settlement

- Ocwen Financial Corp's executive chairman and founder, William Erbey, will step down as part of a $150 million legal settlement with New York's financial regulator.

Veteran Essebsi wins Tunisian election, riots break out in south

TUNIS - Veteran politician Beji Caid Essebsi has won Tunisia's first free presidential election, official results showed on Monday, the final step in a transition to democracy after an uprising that ousted autocrat Zine El-Abidine Ben Ali in 2011. | Video

World, Tunisia 9:39am EST

Ukraine threatens to cut off power to rebel-held regions if usage not curbed

KIEV - Ukraine may stop supplying electricity to separatist-held eastern regions if the territories do not adhere to consumption limits imposed across the country due to an energy crisis, an energy ministry official said on Monday.

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Police officers' slaying raises pressure on New York mayor

NEW YORK - New York Mayor Bill de Blasio faced the biggest crisis of his political career on Sunday after a gunman killed two police officers in an attack intended to avenge recent police killings of unarmed black men in the United States. | Video

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Budget pressure unlikely to deflect Iran from nuclear goals

DUBAI - A big oil price slide will hurt Iran's attempts to rescue battered living standards, but economic pain is unlikely to soften its stance in nuclear talks or end aid to allies such as Syria, matters seen by its ruling clerics as strategic priorities.