The worldwide economic slump has been tough on the richest people in Britain, costing them about one-third of their net worth, The Times of London reported. The Times published its annual Rich List Sunday, cataloging the 100 richest people in the country.

A 2009 list of the richest Russians shows that individual wealth has evaporated quickly, with their net worth falling by billions compared to 2008.

Russian billionaire Roman Abramovich intends to build a $500 million cement plant in the Ural Mountains, a regional official has confirmed.

By Graeme King A FAST-GROWING steel business in Gateshead has been bought out by the Ukraine's equivalent of Roman Abramovich.

By Guy Faulconbridge The Russian steel maker Evraz Group, in its first investment in China, said this week that it would buy a stake in Delong Holdings for about $1.5 billion. Delong is based in Beijing and is listed on the Singapore stock exchange.