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Google joins fight against illegal fishing SYDNEY: Technology giant Google has taken the battle against illegal fishing online, with the company unveiling a tool in Australia on Friday that harnesses satellite data to track thousands of boats in real time.A prototype interactive tool, which was developed in conjunction with environmental activists SkyTruth and marine advocacy group Oceana, was unveiled at the once-a-decade World Parks Congress in Sydney.The tool is the latest salvo from environmentalists against illegal fishing, which is currently estimated by the Global Ocean Commission to cost the world economy up to US$23.5 billion a year."While many of the environmental trends in the ocean can be sobering, the combination of cloud computing and massive data is enabling new tools to visualise, understand and potentially reverse these trends," Brian Sullivan of Google's Earth Outreach and Oceans section said.The tool uses data points from the Automatic Identification System network, which picks up GPS broadcasts of a vessel's ...

Asiana service to San Francisco suspended for 45 days SEOUL: South Korea on Friday ordered a 45-day suspension of Asiana Airlines' service to San Francisco as a penalty for one of its planes crashing there last year, the transport ministry said.Asiana said it would appeal the decision, citing the inconvenience for passengers booked on the once-a-day service between Incheon and San Francisco.An Asiana Airlines Boeing 777 crashed at San Francisco International Airport in July last year, killing three passengers and injuring more than 180.In ...
Brazil oil giant Petrobras delays 3Q results over graft probe SAO PAULO: Scandal-tainted Brazilian oil giant Petrobras said Thursday it was delaying release of its third-quarter results because of ongoing corruption investigations involving the company."Petrobras will not be releasing its accounts for the third trimester of 2014...," a statement said. Preliminary results would be released on December 12 but no date for definitive figures was given."Petrobras is going through a unique moment in its history due to investigations regarding allegations of conspiracy, embezzlement and corruption ...
Glencore Xstrata to shut Australian mines over Christmas SYDNEY: Mining and commodities giant Glencore Xstrata said Friday it would close its Australian coal mines for three weeks during Christmas owing to weak prices and oversupply.The shutdown will start in mid-December and affect the company's 13 mines, which have 8,600 workers and produce more than 80 million tonnes of thermal and coking coal, across the states of New South Wales and Queensland."Glencore has decided to implement production shut downs across our Australian coal operations ...
Takata hit with US criminal probe over exploding airbags TOKYO: Takata confirmed Friday that US justice authorities have opened a criminal investigation into the embattled Japanese autoparts firm over exploding airbags linked to at least five driver deaths.The Tokyo-based company said it was "dealing with" a subpoena from a grand jury in New York targeting the defect, but it declined to give further details."We have received it," a Takata spokesman said."Of course, we are dealing with it. We have also received an instruction from ...
Panasonic recalls 300,000 batteries over tablet, PC fire risk TOKYO: Panasonic is recalling more than 300,000 rechargeable battery packs used for tablets and laptops in Japan and overseas due to concerns they may catch fire, the company said Thursday. The electronics giant is recalling more than 107,000 rechargeable battery packs for tablet PCs sold to corporate customers overseas, and almost 208,000 packs for its "Let's Note" laptop computers due to safety concerns. A company statement said: "The batteries are being recalled due to a ...
Samsung Electronics chases curved smartphone wave to beat flat-screen crowd SEOUL: Samsung Electronics Co Ltd aims to restore its crumbling lead in the global smartphone industry in part by ramping up high-end devices with curved screens full of advanced technology that's tough for rivals to replicate. Yet as the South Korean giant seeks to make devices like the rigid-curve Galaxy Note Edge stand out from a crowd of flat, big-screen handsets, making money will depend on producing them cost-effectively and coaxing developers to tailor applications ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln