The Moscow Times

Market Matters: Struggling Stocks Spur New Record Oil Prices
Oil hit another record of just under $143 as global stocks tumbled last week, with the Dow briefly dipping into bear market territory as investors sought safety in gold, government debt and the Swiss franc.

News

Stavropol Cossack Remembers the Melodies
By Alexander Osipovich / Staff Writer When Yelena Gulina talks about her childhood, she remembers a close-knit community where everyone went to church, alcoholism and divorce were unknown, and girls wore colorful costumes for Maslenitsa.

Blanket Baby Coverage for Medvedev
By Svetlana Osadchuk and Nabi Abdullaev / Staff Writers First Deputy Prime Minister Dmitry Medvedev, anointed by president Vladimir Putin in December as his favored successor, met with the family of the 100,000th child born in Moscow in 2007 in a visit that had all the trappings of a campaign event.

Raiffeisen Target of Investigation
Bloomberg Raiffeisen International Bank, Austria's biggest lender by market value, is being investigated for alleged violations of Russia's competition laws.

British Council Office Defies Order
The Moscow Times The British Council's office in Yekaterinburg opened after the extended holiday season Wednesday, defying a demand by the Foreign Ministry to suspend its activities until the British Embassy clarifies its status, Interfax reported.

Boxer Found Guilty of Inflicting Injury
The Moscow Times A St. Petersburg court on Wednesday found former world champion heavyweight boxer Nikolai Valuev guilty of injuring a parking attendant in an altercation last year and ordered him to pay $5,200 in fines and damages.

Dozens of Nashi Protesters Detained
The Moscow Times Police detained dozens of Nashi activists at an unauthorized rally outside the European Commission's offices in Moscow on Wednesday, in a rare instance of the pro-Kremlin youth group running afoul of the law.

Man Kills 2 for Butchering Dog
The Moscow Times A 40-year-old man killed two friends with an ax in the Chita region after finding them preparing to cook his dog for a meal, prosecutors said Wednesday.

7 Killed in Explosion in Kazan
Combined Reports A natural gas blast ripped through an apartment building in Kazan on Wednesday, killing at least seven people and leaving others feared trapped beneath the rubble, officials said.

Vote Count Confirms Victory for Saakashvili
By Misha Dzhindzhikhashvili / The Associated Press Several hundred opposition supporters protested Wednesday, emphasizing their claims of fraud in Georgia's presidential vote, as the top electoral official said a nearly complete ballot count confirmed Mikheil Saakashvili's re-election.

Governors to Get Votes for Medvedev
By Nikolaus von Twickel / Staff Writer Dmitry Medvedev first tapped the Kremlin's chief of staff to run his national presidential campaign. Now he is signing up governors to campaign for him in their regions.

Chinese Detentions Spark Protests
The Associated Press Chinese authorities have detained four people over the suspected beating death by police auxiliaries of a man who filmed a clash between villagers and members of the force.

African Union Head Arrives in Kenya to Break Impasse
Reuters African Union chief John Kufuor met Kenya's president and opposition leader Wednesday to try to break a political impasse behind post-election turmoil that has killed about 500 people.

Pakistan Rejects IAEA Chief's Worries Over Nuclear Arsenal
Reuters Pakistan angrily rejected on Thursday remarks by the UN nuclear watchdog chief that Pakistan's nuclear arsenal could fall into the hands of Islamist militants.

Bush in Israel for Mideast Peace Talks
By Tabassum Zakaria / Reuters U.S. President George W. Bush began his first visit to Israel and the Palestinian territories as president Wednesday, saying he saw a new opportunity for peace in the face of deep skepticism.

Iran Says U.S. Faked Warship Video
The Associated Press Iran's Revolutionary Guards accused the United States on Wednesday of fabricating video and audio released by the Pentagon that shows Iranian boats confronting U.S. warships in the Persian Gulf.

Business

Inflation Hit 11.9% Last Year
Bloomberg The country's inflation rate rose in 2007 to the highest in four years as the government failed to quell a jump in food prices and wages and investment soared.

Turkey Turns Off Azeri Gas to Greece
Reuters Turkey has halted the flow of Azeri gas to Greece due to a suspension of gas supplies from Iran to Turkey, a senior Turkish Energy Ministry official said Wednesday.

Irkut Man Gets Top Job at MiG
The Moscow Times Anatoly Belov has been appointed the new general director of jet manufacturer MiG, a government source said Wednesday. Before his appointment, Belov had overseen the creation of the Su-30 MKI jet at aircraft producer Irkut.

Zubkov Tackles Nalchik's Economy
By Anatoly Medetsky / Staff Writer In his trademark down-to-earth manner, Prime Minister Viktor Zubkov toured Nalchik on Wednesday as he prepared for a Cabinet meeting aimed at boosting the local economy in a region that has suffered from insurgency.

Rexam Cleared to Buy Rostar
By Catrina Stewart / Staff Writer British packaging firm Rexam said Wednesday that anti-monopoly authorities had given it the go-ahead to buy Rostar, a unit of Oleg Deripaska's Basic Element, in a deal that would give it a commanding position in the country's beverage-can market.

Always a Dissident

The President's Fate
By Boris Kagarlitsky After emerging from New Year's celebrations and returning to the daily routine, the country is gradually waking up to the fact that it will soon have a new president.

Business in Brief
Fund Up 9.4% in DecemberForeign Debt Up to $43BlnCustoms Revenue $144BlnIES Bids for TGK-6, TGK-7UES Advances as Sale BeginsGazprombank Takes LoanGazprom Neft Buys FieldGazprom's Azeri InterestLUKoil Buys Refueling SiteRussia, Algeria Aid GreeceQuery on Units in CyprusAvtoVAZ Sales Rise 6.2%Rail Link Secures ShipmentsRZD to Invest $16.6BlnPorts Volume Up 18%Slot Machine Halls ClosedMetropol, SBI Joint VentureExploration Talks Delayed

The Gun is Hanging on the Wall
By Robert Coalson Despite the calm of the holiday season, tension is mounting in Russia's political environment. And it is a natural product of the unique form of political theater -- imitation democracy -- that the political system has evolved into over the last eight years.

Ask the Chef
By James Marson Andre Martin from Burundi is consultant chef at Le Royal Meridien National hotel.

An Upper-Crust Pizzeria
By Nathan Toohey / Staff Writer When the original Bocconcino opened several years ago on Strastnoi Bulvar, it lifted the humble pizzeria genre to a new level of fashionableness.

News in Brief
Bomb Targets LegislatorOfficer Killed in IngushetiaStorchak Likely to Stay PutDeputies Decry CoveragePoland Wants Defense Deal

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