The Moscow Times

Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.

News

Cave Collapse Sends 'Sign' to Cult
By Anna Malpas / Staff Writer Fourteen members of a doomsday cult, including two children, emerged from their underground shelter in the Penza region on Tuesday morning, more than 5 months after they went in.

Bush and Putin Will Sign a Paper in Sochi
Combined Reports U.S. President George W. Bush and President Vladimir Putin will sign a document outlining the framework for strategic relations between their two countries at a meeting this weekend, a Kremlin source said Tuesday.

Baikal Fishermen Frozen Out of Tradition
By Marina Kamenev / Staff Writer Like most men on Olkhon, a 70-kilometer-long island in Lake Baikal, Sergei describes himself as a fisherman.

Kudrin Calls for Cuts in Spending
By Catrina Stewart / Staff Writer Finance Minister Alexei Kudrin pitched himself against other leading policymakers Tuesday, calling for a cut in federal spending as the economy displays signs of overheating.

April Fools' Pranks See White Kremlin, Joke Bill
By Alexander Osipovich, Nadia Popova / Staff Writers Roman Abramovich will carry the Olympic torch through London, the Kremlin walls are being painted white and the State Duma is considering a bill that would outlaw jokes about politicians.

Investigator Says His Life Is in Danger
By Francesca Mereu / Staff Writer Dmitry Dovgy, a senior Investigative Committee official under investigation for possible corruption, has appealed to the Prosecutor General's Office for help, saying his life is in danger, Vremya Novostei reported Tuesday.

Bush Backs Ukraine's NATO Bid
The Associated Press U.S. President George W. Bush is putting his full weight behind the desire by Ukraine and Georgia to join NATO even though Russia is opposed and the alliance is split.

UN Welcomes Russian Road Safety Offer
Combined Reports The United Nations General Assembly urged stepped-up global efforts to reduce the 1.2 million annual deaths on the world's roads and welcomed Russia's offer to host the first-ever ministerial meeting on road safety next year.

Cab Driver Convicted of Killing 6 Passengers
By David Nowak / Staff Writer A local gypsy cab driver has been sentenced to life in prison for killing six of his passengers with a sawed-off shotgun.

2 Crashes Intensify Traffic Headaches
By David Nowak / Staff Writer Two major traffic accidents hospitalized six people early Tuesday and brought a second straight day of clogged streets to the city, quadrupling journey times for motorists already frustrated by Moscow's chronic gridlock.

Gryzlov: Putin Vote on May 8
Combined Reports President Vladimir Putin will move into the prime minister's seat a day after his successor's inauguration, State Duma Speaker Boris Gryzlov said Tuesday.

Slow Recovery in China Rust Belt
By Alison Leung / Reuters The chilly streets of Dalian lie deathly quiet most winter nights, but strollers in this northeastern Chinese city sometimes spot a light burning in the offices of mayor Xia Deren.

Castro Government Lifts Ban on Hotels for Cuban Tourists
The Associated Press Raul Castro's government opened luxury hotels and resorts to all Cubans on Monday, ending a ban despised across the island as ""tourist apartheid"" and taking another step toward creating a consumer economy in the communist state.

Talks Cover Mugabe Exit Plan
The Associated Press Advisers of Zimbabwe's president and main opposition leader are discussing Robert Mugabe relinquishing power, The Associated Press learned Tuesday from a businessman close to the state electoral commission and a lawyer close to the opposition.

20th Day of Argentine Farmers' Strike
Reuters Supporters of President Cristina Fernandez planned a mass rally on Tuesday to back the Argentine leader as she confronts a 20-day farm strike that is causing food shortages and disrupting grains exports.

Civilian Death Rate Up in Iraq
Reuters Fighting between security forces and Shiite militiamen last month has driven civilian deaths in Iraq to their highest level in more than six months, government figures showed on Tuesday.

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