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Main news of August 24

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RUSSIA

* Russian investigators ruled out terrorism as the cause of last week's deadly accident at the country's largest hydropower plant

* Russian prosecutors said that Ukrainian troops and members of a nationalist group were involved in Georgia's attack on South Ossetia last August

* Russian Prime Minister Vladimir Putin paid a brief unannounced visit to the volatile North Caucasus republic of Chechnya

* Work to repair the Siberian hydropower plant where at least 69 people died in an accident last week has begun, said Sergei Shaposhnikov, the director of the Civil Defense Department of the Emergency Situations Ministry

* The European Union has placed some 100 Russian air carriers, including Aeroflot, on a list of airlines that could be banned from European airports unless they reduce their environmental impact from 2012

* The Arctic Sea merchant vessel, recently freed from hijackers by a Russian missile frigate, is being towed by a tugboat to the south Russian port of Novorossiisk, a port official said

WORLD

* The death toll from early August's Typhoon Morakot in Taiwan has risen from 163 to 291, China's Sina news agency reported

* Firefighters are continuing to fight a large wildfire on the outskirts of Athens, using 17 airplanes and several helicopters, Greek fire services said

* India's defense industry handed over to the army the first ten T-90 Bhishma main battle tanks assembled under a Russian license at a domestic plant, Indian media reported

* The Miss Universe 2009 crown has been won by Miss Venezuela, the country's second victory in a row

BUSINESS

* Russia's GDP declined by 9.3% in July 2009 year-on-year and 10.2% in the first seven months of the year, Deputy Economics Minister Andrei Klepach said

* Contracts totaling $10 billion dollars were signed during the MAKS-2009 air show outside Moscow, setting a record for Russia's most important biennial aerospace exhibition

* Sberbank, Russia's largest savings bank, said its net profit calculated to Russian Accounting Standards declined by about 92%, year-on-year, to 6.8 billion rubles ($260 million) in January-July 2009

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