UK asks NATO to get tough with Russia August 28, 2008 British Foreign Secretary David Miliband yesterday called on the EU and NATO to initiate “hard-headed engagement” with Russia in response to its actions in Georgia. Speaking in Ukraine’s capital, Kiev, he said Russian President Dmitry Medvedev had a big responsibility not to start a new Cold War. “Russia has not reconciled itself to the new [...]
Russian star Roman says: ‘I’m on my way to Spurs’ August 27, 2008 Pavlyuchenko heads to Tottenham as Berbatov’s United move looks back on Russian striker Roman Pavlyuchenko insisted he was on his way to Tottenham last night in a deal which would almost certainly bring an end to Dimitar Berbatov’s future at the club. Pavlyuchenko, a long-term target of Spurs boss Juande Ramos, told UEFA’s website he [...]
Second top executive quits troubled TNK-BP venture August 26, 2008 Russia’s third-largest oil producer TNK-BP has announced the departure of the second senior executive this month, further fuelling the crisis that has engulfed the firm. Executive vice president Tony Considine resigned yesterday after five years heading the refining, trading and marketing businesses at BP’s joint Russian venture. Considine cited personal reasons for the departure adding [...]
Don’t be spooked by inflation: there are ways to protect your portfolio August 15, 2008 Clever investors can protect themselves from the worst effects of rising prices, says Esther Shaw Figures out last week showed that inflation in the UK, as measured by the Consumer Price Index (CPI), jumped to 4.4 per cent in July, more than double the Government’s 2 per cent target. On other measures, the figure is [...]
Russia denies breaking truce August 14, 2008 Georgia accused Russia of breaking a shaky ceasefire in their six-day conflict yesterday, a charge strongly denied by Moscow. In a highly charged atmosphere of claim and counter-claim, Georgian President Mikhail Saakashvili said Russian tanks had stormed the Georgian town of Gori and were advancing on the capital, though a deputy minister later backtracked on [...]
Russia orders a halt to war August 13, 2008 Russian President Dmitry Medvedev ordered a halt to military operations in Georgia yesterday but Tbilisi cast doubt on the announcement, saying Moscow was still bombing towns and villages. The announcement coincided with the visit of French president Nicolas Sarkozy to Moscow on an EU peace mission and seemed intended to help international efforts to negotiate [...]
China’s uncertain markets makes it a long term play August 13, 2008 The eyes of the world are on China this week, as the Olympics gets under way. Last year the Chinese stock market tried to break the high-jump record, as the Shanghai Composite hit its highest ever level in October – rising more than 400 per cent in two years. But this year, it seems to [...]
BP closes second pipeline in Georgia as conflict subsides August 13, 2008 British oil giant BP shut down the second of the three pipelines it runs through Georgia yesterday – hours after Russia ended military operations against the former soviet state. BP, part of a 10-strong consortium, that runs a series of pipelines from the Caspian Sea into Georgia, said it cut production in one pipeline as [...]
Conflict in Georgia leads to fears over oil supply August 12, 2008 Oil prices spiked yesterday on fears that the conflict in Georgia could threaten supplies and cut off a major pipeline to Europe. At one point, crude oil rose by $1.81 to $115.41 in London trading, before falling back to its earlier price of $114.32. The short-lived rally came as Russia continued its offensive against Georgia, [...]
Georgia pulls forces out of rebel region August 11, 2008 Georgian forces pulled out of the breakaway South Ossetia region yesterday after three days of fighting, with Russia saying its troops controlled most of the separatist capital Tskhinvali. A Georgian convoy of troops and artillery left South Ossetia through Ergneti, a village just inside Georgian held territory south of Tskhinvali. “They have been withdrawn, completely,” [...]