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Posts Tagged ‘Russia’

BP in Russia: Dancing with bears

February 3rd, 2011 | No Comments

BP’s Russian venture is already proving trickier than expected

TONY HAYWARD, BP’s ex-boss, once moaned that he wanted his life back. That was after an oil spill in the Gulf of Mexico last year, which the British oil giant expects will end up costing it more than $40 billion. BP, too, is struggling to get its old life back, even after apologising, helping with the clean-up, dumping Mr Hayward and taking a huge write-off.

On February 1st it announced its final, awful, results for 2010: a loss of $4.9 billion. That was BP’s first loss since 1992, but the company fondly hopes that it will now have an opportunity to move on. It would like to direct the world’s attention to its efforts to improve safety, its plan to start paying dividends once again this year and its ideas for the future. …

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Google launches virtual tour of world’s finest museums

February 3rd, 2011 | No Comments

google21Google is harnessing its controversial Street View technology to take you on a virtual tour of the world’s finest museums, from the comfort of your home. The search giant even claims its Art Project tours are better than the real thing, with one exhibit in each location available in a high-resolution image that goes beyond [...]

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The 14 Best Zombie Flicks

January 30th, 2011 | No Comments

The last few years have seen a resurgence in the zombie genre, to the point where zombie film rarely stand on their own weight, instead acting as flavoring to other stories — be they documentaries (World War Z), romantic comedies (Zombieland) or historical dramas (Pride and Prejudice and Zombies). Regardless of how they’re used, the shambling [...]

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Russia, NATO develop cooperation

January 29th, 2011 | No Comments

NATO’s Military Committee has been meeting in Brussels to develop the alliance’s New Strategic Concept. This included discussion of NATO-Russia work plans.

Anti-terrorism was on the agenda, in the wake of the Moscow airport bombing, in which dozens were killed and many wounded. Moscow has also called for cyber-defense cooperation for the first time.

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“Cyberattack on Iran could have sparked nuclear disaster”

January 27th, 2011 | No Comments

A Russian official says a recent cyberattack on Iran’s atomic-energy program could have triggered a nuclear catastrophe on the scale of the Chornobyl disaster. Dmitry Rogozin, Russia’s ambassador to NATO, said the virus that hit the computer system at Iran’s Bushehr reactor had caused centrifuges to spin out of control.

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EU official to visit Albania

January 26th, 2011 | No Comments

Head of the European External Action Service (EEAS) for Russia, Eastern Neighborhood and the Western Balkans Miroslav Lajčak will visit Albania today.

Lajčak is coming to Albania in order to find a solution for the country’s political crisis.

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President sends condolences after terrorist attack

January 25th, 2011 | No Comments

Serbian President Boris Tadić sent on Tuesday a telegram of condolence to Russian President Dmitry Medvedev in the wake of Monday’s terrorist attack in Moscow. “The citizens of Serbia and I are deeply distressed by the loss of such a large number of lives. Please receive our deepest sympathy with the families of the victims and the people of Russia at this difficult moment,” reads the message released by Tadić’s press service.

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Chip Shot: Winners of MeeGoâ„¢ Article Contest Announced

January 24th, 2011 | No Comments

Congratulations to the five winners of the Intel AppUpSM developer program “Innovate, Educate and Win” MeeGo™ article contest. The winners, each receiving $2,000, describe how to develop different types of Intel AppUpSM center apps for the MeeGo platform. Awards were given in such categories as graphics & user experience, innovation, porting, and multitouch & gesture enablement. The winners – Thomas Perl, Dmitry Rizshkov, Niels Mayer, Aparna Nandyal, George Christopher and Suresh – live in Austria, India, Russia and the U.S. Their articles are designed to help developers do things like write MeeGo apps for citizen journalism, port Symbian apps and create modern mobile apps with Qt. Check out this blog post for more details.

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“Captain America” Title Change

January 24th, 2011 | No Comments

The new Captain America movie will be losing its patriotic reference when it’s released in South Korea, Russia, and the Ukraine later this year. After completing market research into brand recognition and cultural awareness, Marvel decided that Captain America: The First Avenger will be known simply as The First Avenger upon its international release. Insiders [...]

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Japan to strengthen economic ties with Russia

January 24th, 2011 | No Comments

Japan plans to develop economic cooperation with Russia, the country’s prime minister, Naoto Kan, said on Monday, RIA Novosti reports. “We will broaden cooperation with Russia in the economic sphere, including the development of natural resources,” Kan said during the opening session of the Japanese parliament.

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Bank of Moscow seeks 2-year Singapore dollar bond – IFR

January 24th, 2011 | No Comments
Russia’s Bank of Moscow (MMBM.MM) plans a 2-year bond, denominated in Singapore dollars, IFR reported on Monday.
 
The bank, among Russia’s top-10 in terms of assets, has mandated ING and UBS as joint bookrunners and joint lead managers for the issue, IFR added.
 
It did not specify the planned issue amount, saying the transaction is expected to be launched in the near future.
 
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Russian, Afghan presidents meet

January 22nd, 2011 | No Comments

The Afghan and Russian presidents have taken steps to restart economic and political ties that have been almost nonexistent since the fall of the Soviet Union.

The meeting between Afghan President Hamid Karzai and Russian President Dmitry Medvedev was highlighted by the signing of an agreement that could pave the way for Russia to participate in “priority economic projects” – including ones left unfinished after Soviet forces pulled out of the country in 1989, following nearly a decade of war.

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Quantitative Easing Is Causing Food Prices to Skyrocket

January 21st, 2011 | No Comments

As I’ve previously noted, interest rates have risen both times after the Fed implemented quantitative easing.Graham Summers points out that food prices have also skyrocketed both times:In case you’ve missed it, food riots are spreading throughout the…

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Russian envoy pessimistic about dialogue

January 20th, 2011 | No Comments

Russia does not see a role for itself in the negotiations between Serbia and Kosovo’s Albanians, says Ambassador Aleksandr Konuzin. At the same time, the Russian diplomat said that he was not optimistic about the outcome of the announced talks.

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BP in Russia: Dancing with Mr Putin

January 20th, 2011 | No Comments

BP’s Russian venture offers big rewards and big risks

EARLIER this month Bob Dudley was ferried along the ten-lane avenue that links Vladimir Putin’s home to the Kremlin. The Russian prime minister shook hands with the boss of BP, sealing a $16 billion deal. The British oil firm will gain access to Russia’s vast and deeply frozen Arctic oilfields. It will also get a 9.5% stake in Rosneft, Russia’s state-controlled oil giant, to add to the 1.3% it already owns. In return Rosneft will get 5% of BP. The deal was announced to the world on January 14th.

It is the first share swap between a national oil company and a private oil major. It is also the first joint venture to explore in an area that could hold as much oil and gas as the North Sea. Far from keeping a low profile after its disastrous oil spill in the Gulf of Mexico last year, BP seems eager to prove that it is as bold as ever. …

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Food prices: The consequences of costly nosh

January 20th, 2011 | No Comments

What record food prices mean for business

HIGH prices are good for farmers. Low prices are good for consumers. “And we are in the middle,” says Alberto Weisser, the boss of Bunge, a trader of agricultural commodities. After poor harvests in Russia, Canada and Ukraine last year, a recent heatwave in Argentina and floods in Australia that wiped out much of the country’s wheat crop, everyone is grappling with pricey food.

According to the UN’s Food and Agriculture Organisation (FAO), food prices last month surpassed their previous high in 2008. “The situation is not rosy, but there is no reason for panic-buying,” says Abdolreza Abbassian at the FAO. …

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Russia: “Senseless” to speculate about 2012 elections

January 19th, 2011 | No Comments

Russian presidential aide Arkady Dvorkovich on Wednesday described speculation over who would run in the 2012 presidential elections as “senseless”. He made the statement during an interview with the Gazeta.ru news site, RIA Novosti reports.

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“Russia is becoming Belarus-style dictatorship”

January 18th, 2011 | No Comments

A freed opposition politician is accusing Russian authorities of using dictatorial tactics against opposition figures. Boris Nemtsov was arrested during a government-sanctioned protest on New Year’s Eve and sentenced to two weeks of imprisonment.

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Australian Open: Nadal barely tested as injured opponent quits

January 18th, 2011 | No Comments

Rafael Nadal252Rafael Nadal booked easy passage into the second round of the Australian Open Tuesday, with the Spanish top seed showing no mercy against Marcos Daniel as the Brazilian quit trailing 6-0, 5-0 with a knee injury. Nadal, bidding for a fourth consecutive Grand Slam title, needed just three-quarters of an hour to advance against his [...]

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Swine flu rising in Russia, Europe

January 17th, 2011 | No Comments

Swine fluThe number of people infected with the pandemic A/H1N1 swine flu virus is on the rise in Russia and Europe, a senior Russian official said. Russia’s chief sanitary doctor, Gennady Onishchenko, said A-type flu viruses account for about 71 percent of all seasonal flu cases in Europe, and 93 percent of them are swine flu. [...]

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