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...Business Secretary Peter Mandelson has the power to intervene in the deal but has indicated that he does not intend to do so. Lord Mandelson's social interaction with another oligarch, metals magnate Oleg Deripaska, attracted negative press commentary in the fall; the minister may prefer to keep a distance from the dealings of rich Russians. But Lebedev, still only 49, is no ordinary oligarch. He even rejects the label with its connotations of bling-bling lifestyle and financial secrecy, and in September confided to the Daily Telegraph that the economic slump had shrunk his fortune by two thirds...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

However, GM, the only suitor to emerge this fall, has said it's no longer interested; another potential suitor, Russian tycoon Oleg Deripeska, is fighting to keep his own empire from being shredded by economic distress. Renault-Nissan, a third potential suitor, is pulling back in the face of what its chief executive, Carlos Ghosn, has warned could be a long global downturn...

Author: /time Magazine | Title: What Uncle Sam Gave Detroit For Christmas | 12/26/2008 | See Source »

...from its over-reliance on energy and metals. Now, as the crisis starts to bite, the Kremlin is reacting by increasing its control over broad swathes of the economy. Through the state-controlled banks, it is bailing out selected business executives who are having trouble paying their debts - including Oleg Deripaska, a metals tycoon who until recently was Russia's richest man. It is also playing an increasingly intrusive role in the private sector. At a meeting in Moscow on Nov. 25, for example, Igor Shuvalov, Putin's First Deputy Prime Minister, told the nation's major retailers that...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

...Business Secretary. Sharing top billing is George Osborne, the Conservative Party's azure-blooded Shadow Chancellor, a cherub-cheeked 37-year-old son of a Baronet. Their interactions with each other and with Nathaniel Rothschild, scion of the eponymous banking dynasty, and Rothschild's friend and business associate Oleg Deripaska, a reclusive oligarch routinely described as Russia's wealthiest man, took place aboard Deripaska's super-yacht and in other opulent Adriatic locations over a long weekend in August. Throw in cameo appearances by Rupert Murdoch and his daughter Elisabeth, and the Corfu capers are proving the perfect distraction from...

Author: /time Magazine | Title: Corfugate Scandal Cheers Gloomy Britons | 10/24/2008 | See Source »

This year’s event featured skaters of all ages, from the 7-year-old Annabelle Morozov to 2008 World Junior Champion Adam Rippon to Ludmila and Oleg Protopopov, Olympic gold medalists in 1964 and 1968. Harvard’s Figure Skating Club also skated a short segment...

Author: By Helen X. Yang, CONTRIBUTING WRITER | Title: Champions Skate For Cancer Cure | 10/13/2008 | See Source »

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