Philippines steps up drills with U.S., Japan forces near South China Sea
The Philippines will hold separate naval exercises with U.S. and Japanese forces this week on a Philippine island that is not far from the disputed Spratly archipelago, where China's rapid creation of seven island outposts is stoking regional tensions.
EU keeps up pressure on Russia by extending economic sanctions
European Union foreign ministers extended economic sanctions on Russia until Jan. 31 on Monday, keeping up pressure on Moscow to help resolve the Ukraine conflict.
Pentagon chief to push U.S. allies to ditch 'Cold War playbook'
U.S. Defense Secretary Ash Carter will urge NATO allies to "dispose of the Cold War playbook" during a trip to Europe this week, as the alliance adapts to a new kind of threat from Russia in the east and Islamic State to the south, U.S. officials said.
U.S. to face differences with China head on at talks next week
The United States said on Thursday it would not "paper over" differences between the United States and China when top officials of the world's two largest economies meet to discuss financial and political strategy in Washington next week.
Euro zone sets emergency summit on Greece as money flees
Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.
U.S. tech firm Cisco to invest $10 billion in China expansion
Cisco (CSCO.O) plans to invest more than $10 billion in China along with local business partners over the next several years, the U.S. network equipment maker said on Wednesday, as it seeks to shore up its position against strong domestic rivals.
Russia, Germany call for swift end to fighting in east Ukraine
The foreign ministers of Russia and Germany spoke on Wednesday and agreed on the importance of ending fighting in eastern Ukraine immediately, Russia's foreign ministry said.
Energy and medicine top import risk list as Greece teeters
Imports of energy and life-saving medicines top the list of products in jeopardy if Greece defaults on its debt and moves closer to exiting the euro zone.
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