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ATHENS: Greece's current account deficit narrowed 43 percent in March, helped by falling imports due to the country's recession, the Bank of Greece said on Wednesday.The current account balance, a key measure of economic competitiveness, showed a deficit of 1.285 billion euros ($1.65 billion) from 2.237 billion euros in the same month last year.Falling imports due to the country's deep economic contraction and cost-competitiveness gains are narrowing the gap, which is expected to shrink to 2.8 percent of GDP this year from 5.3 percent in 2012, based on EU Commission forecasts.Tourism receipts, the country's biggest money earner, dropped 14 percent year-on-year to 137 million euros in March.Copyright Reuters, 2013
LOS ANGELES: Los Angeles councilman Eric Garcetti took a narrow lead in early results from a run-off election to succeed LA mayor Antonio Villaraigosa, but the race remained too close to call early Wednesday.Garcetti and City Controller Wendy Greuel, both Democrats like Villaraigosa, campaigned down to the wire after emerging from a March primary poll contested by a total of eight candidates.Shortly before midnight (0700 GMT Wednesday), four hours after polls closed, Garcetti had 51 ...
MOORE: Curtis Carver has every intention of rebuilding from scratch the house he lost in Monday's powerful and deadly hurricane that devastated this Oklahoma City suburb.But first, the construction worker and 20-year veteran of the US Marine Corps, who spent two years on active duty in Iraq, wants to recover his memories from the rubble -- and law enforcement is getting in the way."My pictures. That's all I want -- my pictures," he said Tuesday ...
SEOUL: The defence chiefs of South Korea, Japan and the United States will hold their first trilateral meeting for four years at the end of this month, with North Korea likely to top the agenda.The three top officials will meet on the sidelines of the annual Asia Security Summit to be held in Singapore from May 31 to June 2, a South Korean defence ministry spokesman said Wednesday.It will be their first three-way ministerial-level meeting ...
CARACAS: President Nicolas Maduro on Tuesday denounced as "psychological war" a leaked audio recording that purports to show a power struggle among key followers of the late Hugo Chavez.In the recording, which has set off a sensation since it was made public Monday by an opposition lawmaker, a well-known government newscaster is heard accusing National Assembly speaker Diosdado Cabello of conspiring against Maduro.The newscaster, Mario Silva, dismissed the recording as a montage pieced together from ...
PARIS: France's parliament on Tuesday kicked off a high-profile public probe into a major tax fraud scandal that has shaken the Socialist government and the squeaky-clean image it is seeking to project.The special parliamentary commission will examine whether the government mishandled the scandal, in which former budget minister Jerome Cahuzac repeatedly lied about having an undeclared foreign bank account.Political heavyweights such as Finance Minister Pierre Moscovici, Interior Minister Manuel Valls and Justice Minister Christiane Taubira ...
RIYADH: Saudi authorities have arrested 10 more suspects in an alleged Iranian spy ring unveiled two months ago, an interior ministry spokesman said on Tuesday.The eight Saudis, a Lebanese and a Turk bring the number of people arrested to 28, the official SPA news agency quoted the spokesman as saying.However, a Lebanese arrested in March has since been released."The results of investigations by security services have led to the arrest of the other 10 involved ...More Articles...
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