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The European Bank for Reconstruction and Development said on Wednesday that it will not give approval to new investment projects in Russia after the European Union and the US slapped sanctions on the country last week as the Russia-Ukraine conflict worsened. "A majority of the Board of Directors...

Jakarta Governor Joko Widodo has won Indonesia's presidential election. Announcing the result on Tuesday, the General Election Commission said Widodo won 53.15 percent of the vote, while his rival Prabowo Subianto garnered 46.85 percent. Earlier in the day, Subianto said he is withdrawing from...

Indonesia's presidential candidate Prabowo Subianto has said he is withdrawing from the election process, with the results due in hours. He announced his decision at a press conference on Tuesday. The ex-general is alleging massive fraud in the election, held on 9 July. Both Subianto and his...

British Foreign Secretary William Hague lost his job in a wide-ranging reshuffle of Prime Minister David Cameron's cabinet. Cameron announced the changes on Tuesday, with his eyes set on the general election in May next year, reports said. Hague was given lower profile roles of First Secretary...