Russia may attract billions of foreign investment at APEC summit
Friday, 07 September 2012 16:10

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The Asia-Pacific Economic Cooperation business summit opened in Vladivostok, the Far East of Russia, on Friday, September 7. As a rule, no one expects any breakthroughs from APEC summits. The organization per se bears a consultative status, and the agendas of its forums can very often be too general...

 
ECB bond-buying strategy demands commitment to reforms from troubled countries
Friday, 07 September 2012 15:34
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European Central Bank (ECB) (AFP Photo)

The European Central Bank will only buy a euro zone country's sovereign bonds if it commits to "hard reforms", says ECB policymaker Joerg Asmussen.

His comments following rising concern in Germany that the central bank’s new programme of unlimited bond-buying is too risky.German media criticized the ECB's new s...

 
Vladimir Putin, the benevolent zookeeper | Stephen Cave and Polina Aronson
Friday, 07 September 2012 14:47

Will Russians continue with this pantomime of power, or resist, like the Siberian cranes who refused to be led to freedom?

Vladimir Putin, whatever else one might think of him, has a certain genius for the theatricality of power. Among his many stunts, communing with wild animals has always played a special role. But whereas his previous...

 
Pussy Riot benefit concert to take place in St Petersburg on Sunday
Friday, 07 September 2012 14:15

Despite attempts by police to stop event, concert will raise money for the members of the group jailed over Putin protest

Russian musicians are to play at a benefit concert in support of the jailed feminist punk band Pussy Riot in St Petersburg on Sunday despite attempts by police to stop the event.

The gig comes after the free members of Pussy Riot...

 
Pardoning of Azeri axe murderer raises tensions in the Caucasus | Simon Tisdall
Thursday, 06 September 2012 19:34

Case of army lieutenant who killed and all but decapitated an Armenian soldier has inflamed public opinion

The spectre of war in the Caucasus rose again this week following the pardoning by Azerbaijan of a convicted axe murderer who killed and all but decapitated an Armenian soldier while he slept. The White House, Russia, the EU and the...

 
Siberian cranes under Putin's wings isn't a bad thing
Thursday, 06 September 2012 17:52

Political stunt? Maybe. But Russian president's glider-guiding the birds on their migration route actually works

Vladimir Putin's latest publicity stunt features a video of him in a microlight aircraft guiding a flock of young Siberian cranes on their migration route. As unlikely as it seems, by donning the all-over white suit and a large pair of...

 
Paying the price: Murdoch’s bonus cut after phone-hacking scandal
Thursday, 06 September 2012 12:17
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Rupert Murdoch, Chairman and CEO of News Corporation (Kevork Djansezian/Getty Images/AFP)

News Corp has slashed this year's bonuses for four top executives, including mogul Rupert Murdoch and his son James, after the phone-hacking scandal at the now-shut British newspaper The News of the World.

Rupert Murdoch, the company's 81-year old chairman and...

 
The tech saga: South Korea probes Samsung over Apple antitrust complaints
Thursday, 06 September 2012 11:54
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Apple's iPhone and Samsung Galaxy Note are displayed at a shop in Tokyo (Reuters/Kim Kyung Hoon)

The tech titans’ battle is gaining momentum as South Korean regulators are looking into complaints filed by Apple that Samsung Electronics is abusing its dominant position in wireless technology.

Both companies’ die-hard consumers should better sit down o...

 
Russian tanks on top of the world again?
Thursday, 06 September 2012 10:04
A year ago, Russian generals were skeptical of the national armor. The former Commander of the Land Forces (now deputy chief of the General Staff) Alexander Postnikov stated once that the money spent on the construction of a T-90 would be better used for a purchase of three units of the German "Leopard"...
 
Market Buzz: In ECB we trust
Thursday, 06 September 2012 07:48

Russian stocks are expected to remain passive on Tuesday until the results of the ECB session are announced. Investors expect the plan of buyback of sovereign bonds of EU members to be discussed.

"This meeting is absolutely crucial, because expectations are extremely high. If the ECB does not deliver, we will get into another bad patch," Gilles...

 
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