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

Putin Announces New Mini-Cabinet
By Anna Smolchenko / Staff Writer Prime Minister Vladimir Putin on Thursday announced the creation of a new executive body that he said would inject efficiency into the unwieldy government machine.

Kudrin's Influence Poses A Riddle
By Catrina Stewart / Staff Writer The elevation of new First Deputy Prime Minister Igor Shuvalov to oversee large swaths of economic policy has left political pundits scrambling to work out whether Finance Minister Alexei Kudrin will retain his longtime influence over the country’s fiscal policy.

Zenit Win Lifts, and Pours, Spirits at Home
By Irina Titova / and Simon Saradzhyan The St. Petersburg club's win over Glasgow Rangers in the UEFA Cup final touches off violent clashes in Manchester.

Court Sentences Market Bombers
The Moscow Times The Moscow City Court on Thursday handed down life sentences to four people convicted of staging a 2006 bombing at Moscow's bustling Cherkizovsky market that killed 14.

Afghan Drug 'Belt' Proposed
Reuters China, India and Russia called on Thursday for the creation of a security belt around Afghanistan to halt the spread of heroin.

Air Force Chief Backs Abkhazia Base
The Associated Press Air Force chief Alexander Zelin said Thursday that he favored establishing a military base in Georgia's separatist Abkhazia region, in remarks likely to spike already-high tensions between the countries.

Primorye Governor's Apartment Searched
By Natalya Krainova / Staff Writer Law enforcement officers searched the apartment of Primorye Governor Sergei Darkin on Wednesday night as part of a criminal investigation into the misappropriation of real estate in the region.

Ivanov to Lead Fight On Drugs
The Moscow Times His appointment to the drug control service is seen as a demotion.

Medvedev Pledges Funds for Missiles
Reuters President Dmitry Medvedev pledged on Thursday to ensure that the country's nuclear deterrent remained properly funded to ward off threats to national security.

Oldest Known Bust Of Caesar Is Found
The Associated Press Divers trained in archaeology discovered a marble bust of an aging Caesar in the Rhone River that France's Culture Ministry said was the oldest known.

Museum Presents 261 Penises
Reuters Sigurdur Hjartarson is missing a human penis. But he's not worried: four men have promised to donate theirs to him when they die.

Group Says It Bombed Indian City
The Associated Press A previously unknown Islamic militant group claimed Thursday to have carried out deadly bombings in the historic Indian city of Jaipur by planting bicycles packed with explosives on the city's crowded streets, police said.

China Death Toll Climbs to 20,000
Reuters The death toll from China's massive earthquake rose to at least 20,000 on Thursday, as rescuers struggled to help survivors and hopes faded for a further 25,000 buried under rubble for more than three days.

Bush Sees Peaceful Mideast
Reuters U.S. President George W. Bush offered a peace prophecy for the Middle East on Thursday, in which the enemies of the United States faced a future of defeat.

Business

Activist Takes Aim at Gunvor Trades
By Anatoly Medetsky / Staff Writer Leading oil producers' business with the secretive trader faces more scrutiny.

Alfa Denies Ties to Firm In BP Suit
By Lucian Kim / Bloomberg Billionaire Mikhail Fridman's Alfa Group on Thursday denied any connection with Tetlis, a little-known company that filed a lawsuit against TNK-BP in a Siberian court.

Helicopters Showcased for Military, the Rich
By Max Delany / Staff Writer Domestic and foreign manufacturers show off their choppers for visiting Deputy Prime Minister Sergei Ivanov.

Zubkov Called Next Gazprom Head
Bloomberg First Deputy Prime Minister Viktor Zubkov was introduced to British business leaders as Gazprom's next chairman by the company's chief executive officer, Alexei Miller.

Virgin Announces Internet Venture
Reuters Britain’s Virgin Group made its Russian debut Thursday, breaking into the country’s Internet business a few months after it unveiled big plans for Russia, including setting up an airline by 2010.

Business in Brief

Business in Brief
Norilsk Bids for UdokanProkhorov Sells KM-InvestVekselberg Picks Up TGK-7E4 Purchases TGK-11 StakeFighter Talks With AlgeriaBaltika Buys Azeri BrewerGazprom Neft's Q4 ProfitSurgut's Q1 Profit Up 31%For the Record

Your Letters: Interpreting WWII Differently
Professor Marples is correct when he reminds us that World War II broke out on Sept. 1, 1939, when Germany attacked Poland. The Soviet annexation of the Baltic states, Eastern Poland, Bessarabia and Northern Bukovina was also described well.

Loosening Russia's Grip on Gas
By Pierre Noel There is a broad consensus in Brussels on the need for an external energy policy to diversify suppliers and routes and loosen Russia's grip on the European natural gas market.

News in Brief
Germans Blast Russian SpiesSecurity Beefed Up in IranHope for EU-Russia TalksAzeris Bar Vote ObserversYoung Guard Snorted Coke

Zenit Puts Russian Football on a High
Combined Reports Dick Advocaat hopes Zenit St. Petersburg's UEFA Cup triumph will kickstart a revolution in Russian club football. Advocaat led Zenit to its first European title at its first attempt Wednesday in a 2-0 win over Rangers at the City of Manchester Stadium, off goals from Igor Denisov and Konstantin Zyryanov.

Hiddink Names His Euro Squad
By Gennady Fyodorov / Reuters Russia striker Alexander Kerzhakov was a surprise omission when coach Guus Hiddink unveiled his 25-man provisional Euro 2008 squad Wednesday.

The Danger of Being Thirsty, Greedy, Stingy
By Michele A. Berdy If expats want to understand the country they're living in, they need to understand what is deemed right and wrong in the local culture. And if they want to fit in, they have to get with the program -- do what's right and don't do what's wrong.

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