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. Last Updated: 07/27/2016

06/29/2004

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Press Review

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

Of Roasted Brians and Other National Cousins

They say the world's most widely spoken language is bad English, and looking around Baku I think they might have a point.

Oil Tumbles to 2-Month Low

Crude oil futures tumbled to a two-month low in London Monday as exports from Iraq and Norway rose, adding to higher output from OPEC that is expected to meet increasing needs.

Eastern Europeans Gear Up for Euro

European Union newcomers Estonia, Lithuania, and Slovenia on Sunday became the first of the bloc's 10 new member states to join the Exchange Rate Mechanism that will help them prepare for euro entry.

Dollar Binds Asian Economies to U.S.

Dismissed as a distant dream even by its ardent advocates, Asian monetary union is in fact already up and running -- and helps explain the dollar's resilience in the face of bulging external deficits.

Anti-Bush Film Grosses $22M

Michael Moore's anti-Bush ""Fahrenheit 9/11"" became the highest-grossing documentary of all time on its first weekend in release, taking in $21.8 million as it packed theaters across the United States.

EU: China Not Yet a Market Economy

The European Union has refused to grant China coveted Market Economy Status following a request submitted by Beijing last June, the bloc's executive commission said Monday.

Brussels Suspends Its Sanctions on Microsoft

The European Commission has temporarily suspended an order requiring Microsoft to sell a version of Windows without media player software, just before it would have taken effect, a source familiar with the situation said Sunday.

China Surpasses U.S. in Attracting Investors

China overtook the United States as a recipient of foreign direct investment in 2003 as companies broadened their strategies in emerging markets, according to a report published Monday.

North Korean Leader Is the Epicureans' Comrade

Kim Jong Il likes to eat sashimi carved from a live fish.

U.S. Loses the Edge in Diplomatic Stakes

U.S. President George W. Bush's trip to the NATO summit in Turkey comes at a time of diminished diplomatic strength, in which international organizations and individual countries have forced his administration into some strategic compromises, foreign policy specialists and diplomats say.

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