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. Last Updated: 07/27/2016

07/29/2011

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Dark Clouds Gather Over U.S. Reset

Dark storm clouds are collecting over the much-heralded "reset" in U.S.-Russian relations, with both sides working to blacklist the other's officials, new tensions over U.S. missile defense plans, and a leaked CIA paper supposedly blaming Russia for a bomb blast near the U.S. Embassy in Georgia.

Ex-Yukos Owner Gets Duma Nod

In a rare public outburst, a senior United Russia deputy offered on Thursday to personally pay an Arkhangelsk region prison for a missing pair of trousers that cost former Yukos co-owner Platon Lebedev his appeal for parole this week.

Investors Calm in Face of U.S. Default

Without a breakthrough in Washington's bitterly partisan talks to raise the $14.3 trillion debt ceiling by 6 a.m. Moscow time on Aug. 2, the United States will default — but though the White House has echoed commentators across the globe in describing such a scenario as "catastrophic," market reactions have so far been muted.

Lack of Privacy Won't Hamper Yandex

The recent privacy fiasco will not affect Yandex growth and revenues, which should more than double this year after a stellar initial public offering, company founder Arkady Volozh said Thursday.

Starbucks Eager to Please Anyone but Smokers

The Greeks can choose from a wide range of ice-cold drinks at Starbucks. The Chinese find a larger selection of food. And the French munch on waffles. But Russians cannot smoke over their mugs of vanilla latte.

Companies Teach Russians Western Ways

Soviet women washed dishes with soda and salt for decades, while men never heard of deodorant and teens scrubbed their pimples with soap and water. Not anymore.

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