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. Last Updated: 07/27/2016

07/28/2006

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Putin's Russia Needs to Stand and Deliver

Russia needs to make good on the expectations it has created. It is easy to forget that Russia is still an emerging economy.

A Russian Take on the Common Cold

Feeling a little out of sorts lately? Let down after the hoopla of the G8? Worried about the wars that are breaking out all over the world? Sad you can't drown your sorrows in wine because there hasn't been a decent bottle on sale within 10 kilometers of your apartment for a month now? Cheer up. It could be worse. You could have a summer cold.

Business in Brief

Foreign Reserves Rise Russia's foreign currency and gold reserves surged to a record $262.9 billion, surpassing Taiwan's to become the world's third largest as oil and gas prices hover near all-time highs. The reserves increased $7.2 billion in the week to July 21, the Central Bank said by e-mail Thursday, the biggest weekly increase in three months, after adding $2.5 billion in the week to July 14. Reserves have grown from $12 billion in 1998 as the price of Urals rose more than sixfold in that period. (Bloomberg) Gref Counts in ""Not Rubles"" Economic Development and Trade Minister German Gref on Thursday had to be rescued by Cabinet colleagues from breaking a taboo: using the word ""dollar."" The State Duma is in the process of adopting a law that would fine ministers for saying ""dollar"" when they could have used ""ruble.

Israelis Consider Wider Attack

As the violence in the Middle East rages, al-Qaida's No. 2 leader delivers a video threat.

Getting Beyond the Veil Isn't Easy in Saudi Arabia

Sitting in the reception area of a Saudi newspaper office, we do nothing more damning than talk about the weather and the local press.

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