The Hellenic Radio (ERA): News in English, 08-04-24

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From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

[01] Moscow

24 Apr 2008 21:33:00

By Katerina Ioannidou

Sources: �NA-�PA-REUTERS

Mikhail Prokhorov - whose wealth is estimated at around $US22 billion plans to spend $US150 million setting up a magazine, website and television station called Snob, the general director of the new venture told Reuters today. "Its for people who are successful and those who want to be successful," said Andrei Shmarov, who will run Snob. Prokhorov, 42, made his fortune in the chaotic 1990s when businessmen bought up parts of former Soviet industries for a fraction of their real value. The Forbes Rich List ranked Prokhorov as the 24th richest person in the world. He is one of the owners of Norilsk Nickel, the worlds biggest nickel producer, and Polyus Gold, Russias biggest gold producer.

[02] Beijing

24 Apr 2008 21:16:00

By Katerina Ioannidou

Sources: �NA-�PA-REUTERS

The Internet population in China reached 221 million by the end of February, which outnumbered the figure in the United States to rank the first in the world, according to the Ministry of Industry and Information. As per the same source, the USA was ranking first at the end of 2007 with five million more users than those in China.

Translated by John Crystallidis

[03] Oil Trading at US$118.30

By Katerina Ioannidou

The price of crude oil rose anew after data made public show that oil reserves in the US are lower. Thus, US crude oil for June deliveries traded at US$118.30 per barrel, while Brent in London traded at US$116.46. Meanwhile, oil prices have been sliding in Asia markets. At the same time, the euro-dollar parity has been fixed at 1.586 dollars

Translated by John Crystallidis

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