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Striking S.Africa miners heed dismissal threat  JOHANNESBURG: Thousands of workers at Gold Fields's South African mines appear to have heeded an ultimatum to return to work on Thursday, with around 80 percent of miners at one strike-hit facility clocking in to avoid dismissal, the firm said.   Gold Fields, the world's fourth largest gold producer, had threatened to fire as many as 15,000 illegally striking workers if they did not meet a 2:00 pm deadline (1200 GMT) to turn up for work.   Shortly after the deadline company spokesman Willie Jacobsz said just over 8,000 of 11,000 workers registered for work at the firm's KDC West facility, but he cautioned that management still needed to verify whether those who clocked in actually stayed on the job.   "We'll be in position by tomorrow morning to say whether the 80 percent who clocked in today are indeed back at work," he told AFP.   "Everybody who did not turn up and clock in today will ...


Newsweek ends 80-year run, goes all-digital  WASHINGTON: Newsweek announced Thursday it would end an 80-year run as a print magazine at the end of the year, taking the venerable publication all-digital to cope with a harsh media environment.   "We are transitioning Newsweek, not saying goodbye to it," wrote Tina Brown, editor-in-chief and founder of the online Newsweek Daily Beast Company, in a statement posted on the Daily Beast website.   "This decision is not about the quality of the brand or the journalism -- ...

Franco-German SINGAPORE: French Prime Minister Jean-Marc Ayrault on Thursday compared Franco-German relations to the "balanced" relationship he has with his wife, saying that discussion would prevent any misunderstandings.   The premier denied that France and Germany's relationship, which has always been central to a strong European Union, was in trouble amid the eurozone crisis, as leaders of the bloc prepared to meet for a summit in Brussels.   "Simply put, for a couple to work, it must be balanced," he ...

France rules out euro exit for Greece  SINGAPORE: French Prime Minister Jean-Marc Ayrault on Thursday sought to assure Asian countries of the stability of the eurozone and warned of the risk if Greece or other debt-hit nations exited the bloc.   "We are determined to provide lasting solutions for the problems in the eurozone," Ayrault said in Singapore as European Union (EU) leaders prepared to meet in Brussels and Greeks went on strike against fresh austerity measures.   "This will require ruling out once and for ...

Dairy farmers to pay for exceeding EU milk quotas  BRUSSELS: Dairy farmers in six European Union countries face fines totalling about 79 million euros ($103 million) for exceeding their annual production quotas for milk, the European Commission said on Thursday.   The European Union sets national milk productions limits each year to avoid flooding the market, which are then distributed among producers in each member state.   Dairy farmers in Germany, the Netherlands, Austria, Ireland, Cyprus and Luxembourg jointly exceeded their national quotas by a total of 283,000 ...

Merkel seeks more EU budget control, French cool  BERLIN/BRUSSELS: German Chancellor Angela Merkel demanded stronger central powers for the European Union's executive to veto national budgets that breach EU rules, risking a clash with close ally France at a summit of the bloc's leaders on Thursday.   Addressing parliament in Berlin hours before the 22nd summit since the start of the euro zone's debt crisis, Merkel also sought to slow the race to create a single European banking supervisor, saying quality was more important than ...

Norway oil minister favours long-term gas contracts  OSLO: In the ongoing row between European gas consumers and suppliers over pricing, Norway's oil and gas minister on Thursday came out in support of long-term gas contracts in order to safeguard the huge investments necessary to uphold supply.   "I think in gas markets you need long-term predictability for producers and consumers because the investments in infrastructure and production are huge," Norway's minister for petroleum and energy Ola Borten Moe told Reuters on the sidelines of ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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MonthlyAugust
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WeeklyOctober 23, 2014
Reserves $13.465 bln