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. Last Updated: 07/27/2016


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Kozak Named Olympics Minister

Staff Writers
Kozak will oversee preparations for the 2014 games in Sochi in his new post as deputy prime minister.

Gearing Up for a Shortage Of Jobs

Massive layoffs have not started, but companies and employees are preparing themselves for the possible consequences of the financial crisis and a slowdown in growth across most sectors.

Russia Jumps on Global Market Bandwagon

Russian exchanges jumped on the global equity-market bandwagon Tuesday, posting their largest one-day gains in almost a month and outpacing other European indexes in percentage gains.

Icelanders Begin Loan Negotiations

A delegation from Iceland began loan negotiations at the Finance Ministry on Tuesday as the Nordic country's stock market plummeted 77 percent in its first day of trading since last week.

Aeroflot's First Half Profits Dive 55%

Combined Reports
Aeroflot said Tuesday that profits dropped 55 percent in the first half after prices for jet fuel surged and warned that full-year earnings might be little more than one-quarter of those of 2007.

Young Hockey Star Dies of Heart Attack

Rising hockey star Alexei Cherepanov died of a heart attack Monday night after collapsing during a game in the Moscow region city of Chekhov.

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