Russia Launching New Search Engine ‘sputnik’ To Compete With Google

Russia Stocks Climb to Eight-Month High as Gazprom, Magnit Rise

already has a huge lead: search engines. See also: 20 Searches Made Ridiculous by Google Autocomplete Rostelecom ,the countrys state-controlled telecom service,has been charged with creating a search engine to compete with the likes of Google, as well as well local search-engine leader Yandex , which is based in the Netherlands, according to Reuters . Even with state backing, however, Sputnik will face stiff competition. On its website , Yandex claims that it currently generates62% of all search traffic in Russia. But recent events have destabilized the company. Yandex lost its popular co-founder, Ilya Segalovich, in July to cancer. That led to a brief dip in Yandex’s stock, and doubt about the companys long-term future. So while Yandex is currently the market leader and Google is close behind with roughly 25% of Russias search users Rostelecom may be launching Sputnik at just the right time. Rostelecom has already spent $20 million on the search engine, according to a report in Russias Vedomosti . The site will reportedly be accessible at www.Sputnik.ru, and will launch some time in the first quarter of 2014. Rostelecom did not immediately respond to a request for comment. BONUS:Google Tricks and Easter Eggs Google Tricks and Easter Eggs Gravity Enter “Google Gravity” in the search bar.

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Polls showed anti-immigrant sentiment was high among the electorate, and it was a far easier issue for Sobyanin to turn in his favor than corruption or tawdry social services. So Sobyanin not only failed to dampen these racist feelings, not only turned a blind eye to manifestations of racism, but he took up this anti-immigrant rhetoric as the basis of his campaign, Petrov says. The Moscow mayor was not the only politician trying harness this energy. Particularly among young men, aggression toward immigrants is no less ferocious in Russia than in many European countries inundated with foreign laborers. But Russia has no independent party capable of representing the political far right; the Kremlin has not allowed such movements gain a foothold in the electoral processes. The countrys right-wing youth have thus tended to coalesce around football clubs and other informal groups, giving rise to a fierce and politically marginalized subculture of nationalism. Sobyanins main rival in last months election, the opposition leader Alexei Navalny, has long been known to associate with nationalist groups, and he had a strong chance of garnering their support if Sobyanin failed to co-opt them in the lead-up to the election. After this weekends riot in Moscow, Navalny again showed his sympathy for the anti-immigrant movement, lashing out against the hordes of legal and illegal immigrants who live and work around the citys bazaars. From there they crawl out to the surrounding neighborhoods, Navalny wrote on his blog on Monday. Theyre not going to die of hunger when they cant find work, not when they can snatch a purse in the subway or take somebodys money at knifepoint in an elevator. So the rioters, Navalny suggested, were justified in pushing back against the immigrant threat. If there is no fair way to resolve conflicts and problems, then people will create it themselves, with primitive and desperate measures, he wrote. Over the weekend, these measures caused dozens of injuries, hundreds of arrests and millions of dollars in property damage.

Russia Responds to Anti-Migrant Riots by Arresting Migrants

7 and fund the government through Jan. 15. The U.S. will not default, former Treasury Secretary Lawrence Summers said in Seoul today. Crude, Russias main export earner, was steady at $102.37 in New York. The market has received good news that theres been progress in U.S. government talks, Alexander Kostyukov, an analyst at Veles Capital, said by phone from Moscow. A U.S. default would be devastating for investors appetite for riskier markets, like Russia . Russian equities have the cheapest valuations among 21 emerging economies monitored by Bloomberg, with shares on the index trading at 4.5 times projected 12-month earnings, compared with a multiple of 10.7 for the MSCI Emerging Markets Index. Ten-day price swings on the Micex sank to 11.758, the lowest since Sept. 4, from 14.397 yesterday. TMK GDRs OAO TMK, Russias largest producer of steel pipes for the oil and gas industry, jumped 2.2 percent to 86 rubles. Its global depositary receipts were admitted to trading on the Moscow Exchange, according to a regulatory filing today. TMKs GDRs advanced 2.4 percent to $13.42 in London.