An economic reset will be the focus of Medvedev’s visit to the US today, where his first stop will be Silicon Valley, to take notes for the Skolkovo project. The President will also apparently seek out a definitive answer from Barack Obama about the US’ stance on Russia’s attempt to join the WTO. Alison Smale sees ‘two parallel narratives’ of modernization at the St Petersburg Economic Forum. The government is apparently unlikely to raise the retirement age until at least 2015. A Russian court has ruled against the merger of Russia’s second-largest mobile phone firm MegaFon and top Turkish operator Turkcell; good news for billionaire Alisher Usmanov who wishes to nullify the deal. Apparently China and Russia are the main agents behind cyber industrial espionage against German companies and state agencies. Russia and Ukraine are considering a future unification of the two countries’ aircraft industries. Investor Gleb Fetisov is reportedly interested in buying a controlling stake in French daily Le Monde. Inteko is in a tight spot with the tax authorities, who are demanding that the Yelena Baturina-owned developer pay $11.9 million for newly built apartments that have not yet been registered with their owners.