Ukraine's central bank said it will raise its key refinancing rate to 30 percent from 19.5 percent from Wednesday.
Things could be about to get even tougher for Russians with rampant inflation showing no signs of ending anytime soon.
Investors and euro zone-watchers were left scratching their heads after mixed reports on whether Europe was considering a third bailout for Greece.
The Russian car market could take up to five years to recover from the country's economic volatility, leaders in the global auto industry believe.
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CNBC's Phil Han reports on the release by Orange of their new $40 smartphone targeted at the emerging markets.
Israeli Prime Minister Benjamin Netanyahu plans to address the U.S. Congress on Tuesday, but the White House says the politically charged speech distracts from ongoing nuclear talks with Iran.
Dieter Zetsche, chair of Daimler, says that he is unsure why Apple would want to enter the car industry, but that he would welcome them as either a partner or competition. Zetsche adds that Daimler would "exploit" any new technology opportunity.