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Cypriot president pulls out of EU summit over health scare BRUSSELS: Cyprus President Nicos Anastasiades pulled out of a European Union summit on Thursday after he was taken to a Brussels hospital with a nose bleed, the government said. After tests showed he was suffering from high blood pressure, doctors sent the president back to his Brussels hotel and advised him to rest for 48 hours, a Cypriot government statement said. Anastasiades contacted European Council President Herman Van Rompuy to let him know he would not be able to take part in a two-day summit, starting on Thursday and focusing on climate change policy and the economy. Greek Prime Minister Antonis Samaras will represent Anastasiades, Cypriot government spokesman Nikos Christodoulides said on Twitter. Copyright Reuters, 2014


German industry downgrades growth forecast BERLIN: The German BDI industry federation downgraded Thursday its growth forecast for the current year as the outlook for Europe's biggest economy continues to cloud over. BDI chief Markus Kerber said the federation is now pencilling in growth of 1.2-1.4 percent for the current year, after already cutting the forecast in September. "The economic outlook has darkened somewhat," but Germany would not slip into recession, Kerber said. BDI had already revised downwards its growth forecast ...

Mexico mayor accused of ordering attack on missing students MEXICO CITY: Mexico on Wednesday ordered the arrest of the mayor of the city of Iguala, his wife and an aide, charging they masterminded last month's attack that left six students dead and 43 missing. Carrying torches and candles, tens of thousands of people marched through Mexico City and other cities to protest the disappearance of the students."We shall overcome," protesters shouted with clenched fists in the air. Marching were students, teachers, farmers and activists ...

Eurozone business activity picks up, worries remain: survey BRUSSELS: Business activity in the 18-nation eurozone strengthened slightly in October, a key survey showed Thursday, but overall the economy remained weak with new orders low and pressure on prices.Markit Economics said its Composite Purchasing Managers Output Index (PMI) rose marginally to 52.2 points in October from a 10-month low of 52.0 points in September.While higher, the reading "was the second-weakest reading this year" and below the average seen in the year to date, the ...

Hong Kong climbers hang protest banner off landmark cliff HONG KONG: A group of climbers unfurled a giant protest banner from a famous Hong Kong cliff Thursday after the city's leader said that full democracy demanded by mass rallies would give the poor too much power. Climbers unveiled the 28-metre banner off Lion Rock, an imposing hill with a steep cliffside that rises above the densely-packed working class Kowloon area and is often used to invoke the Asian financial hub's "can do" attitude.The yellow ...

Cyprus president briefly hospitalised at EU summit NICOSIA: Cyprus President Nicos Anastasiades was briefly hospitalised with high blood pressure on Thursday in Brussels after flying in for an EU summit, the government said."After prolonged nosebleeds the president of the republic was admitted early in the morning (Thursday) to a hospital in Brussels where it was found that the incident is due to high blood pressure," an official statement said.The 68-year-old Greek Cypriot leader was discharged several hours later after receiving treatment and ...

UK retail sales fall in September, hit by weak clothing demand LONDON: British retail sales fell more than expected in September, adding to signs that the country's economic recovery is losing some of its pace.Retail sales volumes fell 0.3 percent on the month, their weakest performance since January, to show growth of 2.7 percent on the year, the Office for National Statistics said.Economists had expected a fall of 0.1 percent on the month and a gain of 2.8 percent on the year.An ONS official said mild ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln