Russians spend when crisis looms
Friday, 12 October 2012 15:58
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Russians don´t increase saving in crisis

Russians keep on spending during a crisis, while households in most of the developed world increase their saving to make their ‘safety pillows’ more crash proof. However ‘saving for a rainy day’ is the most popular driver for putting money away.

The saving rate among US households more than doubled between...

 
Pussy Riot: From zero to hero
Friday, 12 October 2012 10:51
The members of the notorious punk band Pussy Riot staged their action at Moscow's Cathedral of Christ the Savior themselves. No one masterminded the infamous act, Ekaterina Samutsevich stated after her release. Pussy Riot is not going to stop its activities; new acts are quite possible in the future...
 
Russian Internet to be destroyed by US corporations?
Thursday, 11 October 2012 13:14
Rumor has it that the Russian authorities allegedly intend to do away with freedom of speech on RuNet. Those who believe in such a possibility, recollect the precedent in China, where the government tries to control the virtual space. To register a blog, the Chinese have to provide their real data: passport number, address and telephone number...
 
K-219: The sub that scared Reagan and Gorbachev
Tuesday, 09 October 2012 13:16
On October 6, 1986, Soviet nuclear submarine K-219 sank in the Sargasso Sea in the infamous Bermuda Triangle. This was a severe loss for the Navy of the USSR. It is comparable only to the disaster of the Kursk nuclear submarine in the contemporary Russian history. In addition, it was very bad timing before the meeting of Reagan and Gorbachev...
 
Russian mobile network MegaFon confirms London IPO
Tuesday, 09 October 2012 12:14

Mobile operator owned by Russia's richest man expected to float 15-20% of shares on London and Moscow exchanges

London's largest initial public offering of the year has been launched, with Russian tycoon Alisher Usmanov's mobile operator MegaFon confirming it intends to float before Christmas.

Usmanov – who is Russia's richest man, according to F...

 
The IMF cuts global outlook, warns of further slump
Tuesday, 09 October 2012 10:47
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International Monetary Fund (IMF) economic counsellor and director of the research department Olivier Blanchard (C) announces the world economic outlook at a press conference in Tokyo on October 9, 2012. (AFP Photo / Yoshikazu Tsuno)

The International Monetary Fund cut its global growth forecasts for the second time since April and warned of a...

 
Market Buzz: European debt rattles markets
Tuesday, 09 October 2012 07:45
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Traders work on the floor of the New York Stock Exchange at the opening of the trading session in New York.(Reuters / Mike Segar)

Russian equities will likely open lower Tuesday reflecting a drop in oil prices and economic uncertainty in Europe.

Russian markets closed in the red on Monday amid weak data on Chinese growth and renewed concerns...

 
Is Romney's foreign policy a radical departure from Obama's?
Monday, 08 October 2012 22:04

Romney's speech in Virginia attacked the president's record – but his vision for the US abroad contained several contradictions

Republican presidential candidate Mitt Romney has given his most detailed foreign policy speech to date. But how does Romney's vision for America's place in the world compare to the policies currently being pursued by the...

 
Evgeny Lebedev: My Soviet childhood
Monday, 08 October 2012 21:00

The son of the oligarch Alexander Lebedev grew up a stone's throw from the Kremlin. He recalls his grandfather's fear of Stalin, the collapse of the Soviet Union and the birth of a strange new Russia

The house I grew up in was filled with the ghosts of Soviet tyranny. Nikita Khrushchev was a neighbour when my parents moved in, Vyacheslav Molotov sti...

 
Putin says Pussy Riot 'got what they asked for' as jailed women appeal
Monday, 08 October 2012 17:05

Russian president says arrest and conviction of feminist punk band for anti-Putin stunt in Moscow cathedral was justified

Vladimir Putin has said the three jailed members of the anti-Kremlin punk band Pussy Riot "got what they asked for", days before a Moscow court is due to consider their appeal.

"It was right that they were arrested, and the...

 
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