Russia circulates a UN Security Council resolution aimed at ending the crisis in Syria, in a move that surprised the Western nations.
Japan is set to announce that the Fukushima nuclear plant is now in a "cold shut-down condition", nine months after the earthquake and tsunami.
Ratings agency Fitch downgrades six of the world's largest banks, including Goldman Sachs and Barclays, citing the challenging financial markets.
The downturn in the 17 economies that share the euro eased slightly in December, according to a closely watched survey.
Indonesia recovers its investment grade status from Fitch Ratings after 14 years, putting the country on the same level as India.
| Simon Katich could be in line for a shock recall to the Australian team, just weeks after being disciplined for outspoken comments about captain Michael Clarke. |
| Interpol has offered its services to the Indian cricket board (BCCI) to battle corruption, rampant betting and thwart the underworld's influence on the game. |
| The Jamaican sprinter Usain Bolt says he wants to be remembered as a legend in athletics and defending his Olympic titles will help him achieve this goal. |
| Rahul Dravid has said that just because he is in good form only won't ensure him bagful of runs against Australia in the Test series starting on Boxing Day. |
| Allaying fears of poor form as the London Olympics draw nearer, Saina Nehwal reached the semifinals of the prestigious BWF Super Series Finals in China. |
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