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The Central Bank pumped a record $13 Billion into banks on Friday, as it battles the spread of the liquidity crisis to Russia. With stocks hitting a 2-year low this week, Russia's economic woes are deepening. Experts warn it might take 2 years before the RTS recovers.
Amid a continuing housing crisis in the United States, the Bush administration is taking over two failing mortgage firms in an effort to limit further turmoil in the sector.
Several Russian ships and 1,000 soldiers will take part in joint naval maneuvers with Venezuela in the Caribbean Sea later this year, exercises likely to increase diplomatic tensions with Washington, a pro-government newspaper has reported.
Prominent anti-war activist Michel Chossudovsky says the Caucasus conflict is a prelude to a joint attack by the US and Israel on Iran.
The International Monetary Fund said on Wednesday it has reached an agreement in principle with Georgia on a 750 million-dollar financial package.
Texas Congressman Ron Paul may not be the next US President. But the firey Republican, who failed to win the party's nomination this year, is still hugely popular with grass-roots supporters. He staged a rally in Minneapolis as an alternative to John McCain's Republican Convention in nearby St Paul, stealing much of the limelight from the party's official presidential candidate.
French president says Iran is entitled to use nuclear energy, calling on Syria to play a role in solving Tehran's nuclear dispute.
Head of country's Expediency Council in a meeting with head and members of Tehran Chamber of Commerce and Industries stressed Iran's need for wide scale privatization, "in real sense of the word."
The United States has announced that it will be provide at least $1 billion in economic aid to Georgia, following the devastation wrought last month by its conflict with Russia.
Nicaragua is taking final steps to officially recognize South Ossetia and Abkhazia, in line with the president's decision, a deputy foreign minister said.
A Pennsylvania attorney has filed suit to block a possible election of Barrack Hussein Obama to the office of president of the United States on the grounds that he is constitutionally ineligible.
Moscow has warned Washington that it will respond to deployment of interceptor missiles and radar facility in Poland and the Czech Republic.
Shares on Wall Street turned negative Tuesday afternoon after the Dow Jones industrial average soared more than 200 points in morning trading after a decline in oil prices.
Visiting Vice President Dick Cheney has pledged the United States' "deep and abiding interest" in the security and welfare of Azerbaijan and its neighbors during the first leg of a tour to highlight support for several former Soviet states.
U.S. Vice President Dick Cheney has begun a week-long tour of former Soviet republics in a show of support after Russia's invasion of Georgia last month.