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. Last Updated: 07/27/2016

12/02/2004

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Press Review

A brief look at the stories making headlines in the Russian-language press

Security Council Faces Reform

The United Nations on Tuesday proposed the most sweeping reforms in its history, recommending the overhaul of its key decision-making organ, the Security Council, and holding out the possibility of granting legitimacy to some preventive military strikes.

Ridge Quits as Reshuffle Proceeds in Bush Cabinet

Tom Ridge, who as the first secretary of homeland security led the post-9/11 effort to protect the United States from a terrorist attack at home, said Tuesday that he would leave his job no later than Feb. 1.

Ariel Sharon's Government on the Brink

Israeli Prime Minister Ariel Sharon's coalition faced possible collapse Wednesday as a budget vote was likely to force him to remake his government or call elections that would imperil his Gaza withdrawal plan.

IRA Decommissioning Inches Closer as Peace Talks Continue

Sinn Fein discussed prospects for Irish Republican Army disarmament and greater British military cutbacks as efforts continued Tuesday to make a breakthrough at Northern Ireland peace talks.

European Manufacturing Falters as Currency Rises

The manufacturing industry in the 12 nations sharing the euro expanded at the slowest pace in 14 months in November as higher oil prices and the euro's increase to a record against the dollar crimped exports.

Fresh Wave of Selling Hits Dollar

The dollar endured a fresh wave of selling Wednesday, sinking to a record low against the euro for a second session and clocking a 12-year trough against sterling.

Telstra Chief Quits Before Privatization

Australia's largest listed company, telecommunications giant Telstra, announced Wednesday its chief executive will stand down by July 2005 -- two years before his contract ends.

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