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Algeria's Bouteflika camp claims election win, rival alleges fraud ALGIERS: Algerian President Abdelaziz Bouteflika looked set to win a fourth term with allies claiming victory in an election on Thursday, despite questions over his health and his rare appearances since suffering a stroke in 2013.Official results were due on Friday, but Bouteflika's camp claimed the independence veteran backed by the dominant National Liberation Front (FLN) party had succeeded in securing five more years at the helm of the North African OPEC state.The 77-year-old Bouteflika, who has appeared in public only a few times since his stroke, earlier voted in Algiers while sitting in a wheelchair. He gave no statement and only briefly shook hands with supporters before leaving."Our candidate is the winner," Abdelaziz Belkhadem, Bouteflika's personal representative, told Reuters without giving any details. "Without any doubt, Bouteflika got a landslide victory."Ali Benflis, Bouteflika's main rival in a field of opposition candidates struggling to challenge him, quickly rejected the election ...


Tokyo area hit by magnitude 4.7 earthquake TOKYO: An earthquake with preliminary magnitude of 4.7 shook eastern Japan, including the capital Tokyo, on Friday morning, but there was no threat of a tsunami and no immediate reports of damage, public broadcaster NHK reported.The earthquake was centred northeast of Tokyo.Copyright Reuters, 2014

Obama budget would boost US tax revenue, cut deficits: CBO WASHINGTON: President Barack Obama's fiscal 2015 budget request would boost US tax revenue by nearly $1.4 trillion over 10 years if fully enacted, cutting deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday.But the non-partisan agency's analysis was less optimistic than the White House's own projections - showing that cumulative deficits would total $6.6 trillion over 10 years, compared to $4.9 trillion under the Obama plan when it was ...

Inexperienced private firm: Outsourcing billing system hits KWSB consumers hard MOHAMMAD BILAL TAHIRKARACHI: Outsourcing billing system to an inexperienced private firm is set to tax further already cash-starved Karachi Water Sewerage Board (KWSB), as after issuance of wrong-printed bills to thousands of consumers it is likely to face serious revenue loss.Abrupt collapse of billing system has not only halted KWSB’s revenue collection exercise but it has also created problems for the Karachiites, who are already down in the dumps because of unprecedented raise in gas ...

Microsoft reports strong sales of XBox One WASHINGTON: Microsoft said Thursday it has sold more than five million XBox One consoles since they were launched in November.The news came a day after video game competitor Sony said it had sold more than seven million PlayStation 4 consoles since mid-November.Sony's numbers refer to sales to consumers while Microsoft's involve sales to retailers.Sales of XBox One were 60 percent higher than those of Microsoft's earlier iteration XBox 360 during the same length of time ...

Asian shares mostly up in quiet trade HONG KONG: Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the West to ease Ukraine tensions.With many bourses closed for the Easter break business was thin at the end of a broadly positive week in Asia, which was helped by bargain buying after the previous week's sell-off.Tokyo rose 0.72 percent, Seoul added 0.58 percent ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
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MonthlyFebruary
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