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. Last Updated: 07/27/2016

01/11/2008

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Hostages Released in Columbia

Reuters
Marxist rebels freed two female hostages from Colombia's jungle Thursday in a deal brokered by Venezuela's leftist president, Hugo Chavez, that could mark a breakthrough in peace efforts.

Bush Sees End to Israeli 'Occupation'

Reuters
U.S. President George W. Bush told Palestinians on Thursday that he believed they would sign a peace treaty with Israel within a year that would give them a state and end what he called ""the occupation.""

U.S. Strikes at Baghdad Outskirts

Reuters
U.S. warplanes launched their biggest air strike in Iraq since 2006 on Thursday, bombarding date palm groves on Baghdad's southern outskirts with more than 18,000 kilograms of bombs in a matter of minutes.

AU Chief Leaves Kenya With No Deal in Sight

Reuters
African Union Chairman John Kufuor left Kenya on Thursday without a deal to end a political crisis that has killed 500 people, leaving the president and opposition leader accusing each other of wrecking talks.

British Government Gives the Go-Ahead to Nuclear Energy

The Associated Press
The British government on Thursday announced support for the construction of new nuclear power plants, backing atomic energy as a clean source of power to fight climate change.

24 Dead Pakistan Suicide Bombing

The Associated Press
A suspected Islamic militant blew himself up among police guarding a court on Thursday, killing 24 people and wounding scores more, in the first major attack in Pakistan since the assassination of opposition leader Benazir Bhutto.

Russia's Foreign Policy is Not the Problem

In my view, a column by Fyodor Lukyanov titled ""With Its Foot in the Door, Russia Needs to Act"" on Dec. 19 misrepresents Russia's international policies on several important counts. I would like to set the record straight.

Don't Wait for a Rainy Day to Spend

Even those in this country who do not follow the markets should know by now that global oil prices recently climbed past $100 per barrel to an all-time high. It was hard not to notice the development, which occurred Jan. 3, even though all newspapers were closed for the extended New Year's holiday.

Business in Brief

Shvartsman Faces LawsuitOil Shipments Fall by 14%Serbia Increases NIS PriceIran to Resume Gas ExportsIFD Kapital's TGK-8 OfferOGK-6 Raises Output 4.3%Firms May Have to RenameUniversities Get Tax BreaksWeak Dollar Lowers ProfitReserves Rise to $474BlnEBRD Buys Stake in CarrierSiemens, Strabag CooperateVTB Director QuitsLenta Fires Grocery ChiefMagazine to Launch Feb. 1

New Year's Break Shaves 2% Off GDP

The Moscow Times
The extended New Year's holiday cost the economy 700 billion rubles ($28.5 billion), or about 2 percent of the gross domestic product, economists said Thursday.

GM Seeks Growth With New Manager

General Motors announced on Thursday that Chris Gubbey would head its Russia division as it seeks to expand and cement its market share in the country.

Cabinet Agrees to Tobacco Convention

The Cabinet on Thursday backed further efforts to battle one of Russia's most unhealthy addictions -- smoking -- by giving the go-ahead to a total ban on tobacco advertising, promotion and sponsorships.

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