Ukraine’s billionaires steel themselves

Just like his Russian counterparts, Ukranian steel billionaire Rinat Akhmetov is feeling the pinch of the global financial crisis...

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Source: Financial Times

U.S. Presidential Vote expects record turnout

Polls across the U.S. are now open and millions of people are streaming to voting stations to pick the next president after the most expensive election campaign in the country’s history. Democratic presidential candidate Barack Obama is the overwhelming favourite over republican counterpart John McCain, and could be the first African American to win the White House race...

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U.S. Presidential vote expects record turnout"> U.S. Presidential Vote expects record turnout

Source: Russia Today

Medvedev Key Speech on Economy and Georgia

As the global financial crisis buffets Russia, President Dmitry Medvedev will explain in his first annual address on Wednesday how he plans to keep the country's once-booming economy on track and tackle the aftermath of the war with Georgia...

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Medvedev Key Speech on Economy and Georgia

Source: International Herald Tribune

Malevich Painting was Sold for $60 m.

Kazimir Malevich’s painting Suprematist Composition was sold at Sotheby’s in New York for $60 million on Monday. The name of the buyer was not made public. The sale price is the most ever paid for a work by Malevich or any other Russian artist. The largest sum paid for a Malevich work previously was $17 million in 2000, and the highest paid for a Russian work was $20.9 million for Vasily Kandinsky’s Fugue. Suprematist Composition has been displayed in museums in London and New York... Read More

Malevich Painting was Sold for $60 m.

Source: Kommersant

Oil boom in Russia: Miracle or mirage?

After years of growth, Russia's once mighty oil machine is feeling the strains of declining production and energy prices as the industry copes with the worst economic crisis in Russia in a decade...

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Source: International Herald Tribune

Montenegro: Russia's window of opportunity

The global financial crisis has buffeted the balance sheets of Russia's legion of billionaires. But suitcases of cash, and a flotilla of Russian-owned luxury yachts, keep arriving in this idyllic town on the Adriatic, helping to earn Montenegro the nickname Moscow-on-the-Sea.

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Source: International Herald Tribune

http://www.suntimes.com/news/novak/1254890,CST-NWS-novak02.article