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Indian start-up launches shoes that show you the way NEW DELHI: "Wizard of Oz" heroine Dorothy only had to click her ruby red slippers together and they would spirit her home to Kansas.Now, an Indian high-tech start-up is promising to do the same in real life with a new, GPS-enabled smart sports shoe that vibrates to give the wearer directions.The fiery red sneakers, which will also count the number of steps taken, distance travelled and calories burned, will go on sale in September under the name LeChal, which means "take me along" in Hindi.The shoes come with a detachable Bluetooth transceiver that links to a smartphone app to direct the wearer using Google maps, sending a vibrating signal to indicate a left or right turn.They are the brainchild of 30-year-old Krispian Lawrence and Anirudh Sharma, 28, two engineering graduates who founded their tech start-up Ducere in a small apartment in 2011 with backing from angel investors and now employ ...

EU leaders to pick new faces for top jobs BRUSSELS: European leaders were set to fill two of the top jobs in Brussels on Saturday, with Polish premier and Kremlin critic Donald Tusk favourite to become EU president amid deepening tensions with Russia.Italy's Foreign Minister Federica Mogherini is meanwhile tipped to head up the 28-member bloc's diplomatic service as it faces a series of challenges on its borders."I think we will be able to take a decision," said German Chancellor Angela Merkel when asked ...
Greece looks to debt relief in EU-IMF talks ATHENS: A delegation of senior Greek ministers heads into meetings in Paris with EU-IMF creditors on Tuesday hoping to win a direly-needed new round of debt relief to propel economic recovery.Prime Minister Antonis Samaras's government expects creditors -- the so-called troika of the European Union, European Central Bank and the International Monetary Fund -- to reward Greece's recent reform achievements with a concrete pledge to reduce payments on its massive debt.Despite a major reduction in ...
WB approves $47.95mn to help combat malnutrition in Sindh, Balochistan ISLAMABAD: The World Bank approved US$47.95 million to help the Government of Pakistan improve nutrition status of children under two years of age, and of pregnant and lactating women in targeted areas."Enhanced Nutrition for Mothers and Children" will specifically target women and the relatively high proportion of stunting that occurs during pregnancy", said a statement here Saturday.It will support scaling-up of well proven maternal nutrition interventions for women of child-bearing age and sharpening the nutrition ...
Ebola-hit Liberia bans sailors from disembarking MONROVIA: Liberia said on Saturday it would deny permission for any crew to disembark from ships at the country's four seaports until the Ebola epidemic ravaging west Africa was under control.Sailors on commercial ships can normally ask for a "show pass" allowing them to get off the vessel and access the port but the documents are being withdrawn to curb the spread of the virus, said Matilda Parker, head of Liberia's ports authority. "For vessels ...
Filipino UN peacekeepers in Golan clash with Syrian rebels MANILA: Philippine soldiers serving as UN peacekeepers in the Golan Heights clashed with Syrian rebels, Defence Minister Voltaire Gazmin said in Manila on Saturday.More than 70 Filipino peacekeepers had been trapped at two posts in Syria. Gazmin said one group had been "extricated" from their position but the second group "is now under attack".Copyright AFP (Agence France-Presse), 2014 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln