02082016Mon
Last update: Mon, 08 Feb 2016 09pm

World - Europe

Hungary's jobless rate drops to 9.8pc in July-Sept BUDAPEST: Hungary's three-month rolling unemployment rate fell to 9.8 percent in the July-September period from 9.9 percent in June-August, the Central Statistics Office (KSH) said on Tuesday.The employment rate meanwhile rose to 52.3 percent from 52.2 percent.Copyright Reuters, 2013


World - North America

Mexican governor calls utilities sabotage 'terrorism' MEXICO CITY: The governor of Mexico's state of Michoacan said Monday weekend attacks on power stations were linked to a feud between rival drug cartels and amounted to acts of terrorism."We are immersed in a battle between criminal gangs," Governor Fausto Vallejo told Milenio television.Assailants armed with guns and Molotov cocktails attacks six fuel stations and several power plants in the state on Sunday, leaving some 420,000 people without electricity for hours."They were acts of ...

World - Global Business & Economy

Russia's Gazprom says concerned over Ukraine gas payments MOSCOW: Russian gas export monopoly Gazprom said on Tuesday it was concerned about neighbouring Ukraine's ability to pay for gas after it failed to pay for deliveries. Gazprom CEO Alexei Miller said in a statement: "We are exceedingly worried about the current situation with Ukrainian payments for Russian gas supplies."Copyright Reuters, 2013

World - Global Business & Economy

China to import 5mn tonnes of corn in 2013 BEIJING: China is expected to import 5 million tonnes of corn in 2013, an official think-tank said on Tuesday. China has been aggressively purchasing low-cost corn from the United States, where a bumper harvest has pushed prices down to a three-year low. About 100,000 tonnes of US corn is set to arrive at Chinese ports in October, followed by 800,000 tonnes in November, said the China National Grain and Oils Information Center. Corn imports for ...

World - Global Business & Economy

South Korea current account surplus expands in September SEOUL: South Korea's current account surplus expanded in September from the previous month on trade gains and stronger service industry earnings, the central Bank of Korea said Tuesday. The current account, the broadest measure of South Korea's trade with the rest of the world, showed a surplus of 6.57 billion dollars in September, up from a revised $5.68 billion in August.Exports fell 2.7 percent on-year to $46.31 billion but imports declined by a greater margin ...

World - South America

90 arrests, trucks, buses torched in Sao Paulo unrest SAO PAULO: One person was injured and 90 detained while trucks and buses were torched in Sao Paulo late Monday in renewed violence after police fatally shot a 17-year-old boy.A police statement said some of the rioters made use of firearms during the unrest.It added that one pedestrian was injured during the shooting and rushed to hospital by police.The statement said 90 rioters were detained while three trucks and six buses were set ablaze and ...

World - South East Asia

China stifles discussion of deadly Tiananmen crash BEIJING: A deadly car crash in Beijing's central Tiananmen Square received muted coverage in Chinese media Tuesday, as a vast censorship apparatus suppressed unofficial accounts of the incident.Newspapers across China carried news of Monday's crash -- which killed five people and injured dozens -- low down on their front pages and ran brief reports from state-run media, highlighting official efforts to control discussion of the incident, which struck at the symbolic heart of Chinese state ...