Word: russianizing
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...world's foreign exchange and almost half the total volume of international equities are traded in London--more even than in New York City, its only remaining rival as the world's financial capital. Hedge funds piled into Mayfair on the heels of private-equity players. Any self-respecting Russian oligarch has a Knightsbridge mansion, sends his kids to élite private schools and has listed his company on the London Stock Exchange...
...sell it, and now, because of the worldwide financial turmoil, it can't - at least, not for a good price. A September tender for a new nuclear power plant - Turkey's first - was ill-prepared, and turned into a fiasco when all the bidders except for one Russian-led consortium dropped out. A three-year agreement with the IMF under which it would provide Turkey loans of as much as $10 billion, if needed, expired in May and hasn't been renewed. In a speech to the IMF this month, Economics Minister Mehmet Simsek gave no hint about when...
...fired power plant built by the German utility Steag, which alone provides about 5% of Turkey's electricity. When it started operations in 2003, the $1.5 billion plant was the biggest single foreign investment in the country. In nearby Isdemir, a giant steel mill built in the 1970s by Russian engineers using Soviet technology is undergoing massive renovation. Some 18,000 workers used to produce just over 2 million tons of steel here; now about 6,000 people produce almost three times as much - and the plant consumes less energy per ton of steel than many of its rivals around...
...clash between two pundits on who should be blamed for the current Russian-Georgian violence during a talk last night mirrored the war that wracked Georgia earlier this year...
...Russian Bear has nuclear weapons, and in the international field ‘Might makes right,’†she said...