The Moscow Times

Market Matters: As Conflict Ends, Markets on Road to Recovery
After tumbling to its lowest point in almost two years on Tuesday, Russia's MICEX Index began to slowly claw its way back over the rest of the week, suggesting a possible end to the volatility that has plagued the country's markets since tensions erupted between Russia and Georgia on Aug. 8.

News

BP to Pull 88 Foreign Staff From TNK-BP
By Miriam Elder / Staff Writer BP has decided to withdraw 88 foreign employees assigned to its troubled joint venture TNK-BP, the company said Wednesday, in recognition that the Russian-British firm’s escalating shareholder dispute shows no signs of nearing a resolution.

Kremlin to Cede Power to Fight Graft
By Anna Smolchenko / Staff Writer President Dmitry Medvedev said Wednesday that Moscow had to cede some of its powers to regional governments if it is to be successful in rooting out the corruption he described as having become a “way of life” in the country.

Mystery Shrouds Shchekochikhin's Death
By Nabi Abdullaev, Svetlana Osadchuk / Staff Writers Five years on, the circumstances surrounding the death of Yury Shchekochikhin, a liberal State Duma deputy and one of the country’s most fearless investigative journalists, remain an enigma.

Toilets Hijack Bastrykin Site
The Moscow Times The personal web site of Investigative Committee head Alexander Bastrykin has been occupied by an apparently defunct company selling bathroom fittings.

Foreign NGOs Lose Tax Status
The Moscow Times Prime Minister Vladimir Putin has signed a decree reducing the number of international organizations allowed to issue tax-free grants from 101 to just 12, Interfax reported Wednesday.

News in Brief
Duma Warns Lithuania9 Dead in Helicopter CrashPoliceman Frees Prisoners

Deputy Accuses Top Investigator of Illegal Business
By Nikolaus von Twickel / Staff Writer State Duma Deputy and muckraking journalist Alexander Khinshtein has accused Investigative Committee head Alexander Bastrykin of illegally running a real estate business in the Czech Republic.

Norwegian Found Dead in Astrakhan
By Yelena Shuster / Special to The Moscow Times A Norwegian engineer and his Russian wife have been found dead with gunshot wounds in their Astrakhan apartment, and two suspects have been detained, investigators said Wednesday.

2 Killed in Explosion At Sochi Apartments
By Matt Siegel / Staff Writer An explosion ripped through an apartment building in Sochi on Wednesday morning, killing two people and injuring more than 30 in the city scheduled to host the 2014 Winter Olympics, police and emergency services said.

Ombudsman Seeks Probe Of Suspected Mass Grave
Reuters Chechnya’s ombudsman is demanding an investigation into a suspected mass grave where he said federal soldiers buried up to 300 civilians they had killed in an attack.

Chechnya to Start Teaching Math in Chechen Language
The Associated Press Chechnya's schools will start teaching mathematics in the Chechen language, officials said -- the latest move by President Ramzan Kadyrov to broaden the region's autonomy.

Reporter's Kin Slams Media Leaks
Reuters, MT The family and colleagues of murdered reporter Anna Politkovskaya on Wednesday demanded an inquiry into leaks to the media that they said risked scuppering efforts to prosecute her killers.

Korean Autoworkers Strike Over Beef
The Associated Press Tens of thousands of South Korean autoworkers went on strike Wednesday to oppose resumed U.S. beef imports and the pro-business policies of new President Lee Myung-bak, joining anti-government protests that have raged for weeks.

Palestinian Takes Loader on Rampage
The Associated Press A Palestinian driving an enormous construction vehicle went on a deadly rampage on a busy Jerusalem street Wednesday, plowing into a string of cars, buses and pedestrians, killing at least three people and wounding at least 45 before he was shot dead by security officers.

Tsvangirai Rejects Unity Talks
Reuters Zimbabwean opposition leader Morgan Tsvangirai on Wednesday rejected talks on a unity government, saying President Robert Mugabe must first stop violence and accept him as the rightful election winner.

Election Riots Kill 5 In Mongolia
Reuters A riot in Mongolia’s capital over alleged election fraud has killed five people, dampening hopes for a period of stable government to develop the mining sector and tackle inflation.

EU Challenge to GPS to Be Launched
Reuters The European Commission launched a procurement program on Tuesday for the bulk of its Galileo satellite project, which will include 30 satellites and is aimed at rivaling the U.S. Global Positioning System.

New Pictures of Solar System Show Image of Dented Circle
The Associated Press When viewed from the rest of the galaxy, the edge of our solar system appears slightly dented as if a giant hand is pushing one edge of it inward, far-traveling NASA probes reveal.

'Doomsday' Collider Elicits Controversy, Lawsuit
By Douglas Birch / The Associated Press The most powerful atom-smasher ever built could make some bizarre discoveries, such as invisible matter or extra dimensions in space, after it is switched on in August.

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