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Putin igniting dangerous nationalist fervor: US general WASHINGTON: Russian President Vladimir Putin's military intervention in Ukraine is fanning nationalist sentiments that could spread across the region with dangerous, unpredictable consequences, the US military's top officer said Thursday.General Martin Dempsey, the chairman of the US Joint Chiefs of Staff, said Putin was pursuing an "aggressive" agenda that flouts sovereignty and seeks to address alleged grievances harbored by Moscow since the demise of the Soviet Union."If I have a fear about this, it's that Putin may actually light a fire that he loses control of," Dempsey said at a security conference in Aspen, Colorado.Speaking hours after US officials accused Russia of firing artillery across the border at Ukrainian troops, Dempsey said Putin has appealed to Russian-speaking enclaves and bolstered his country's military in a bid to reassert Russian power."There's a rising tide of nationalism in Europe right now that's been created in many ways by these Russian activities that ...


Japan PM leaves for Latin America, Caribbean TOKYO: Japan's Prime Minister Shinzo Abe on Friday left on a five-nation tour of Latin America and the Caribbean that will reportedly see a major Japanese bank extend a $500 million oil exploration loan to Brazil.The visit comes as Chinese President Xi Jinping wrapped up a nine-day Latin American tour, as the Asian powers eye the region's fast-growing economies and vast natural resources.On Friday morning, Abe left Tokyo on his way to Mexico, Trinidad and ...

Chinese firm files Transformers lawsuit BEIJING: The owners of a Chinese nature park have filed a lawsuit against the makers of the latest Transformers film because it failed to include the park's logo, a court said on Friday.The Transformers films are wildly popular in China, and Chinese companies from milk producers to banks have flocked to have their products endorsed in the latest instalment.The Chongqing Wulong Karst Tourism Group, which runs an area of gorges and caves in southwest China ...

Eurozone economy rebounds, but France lags: survey BRUSSELS: The eurozone economy showed signs of a rebound in July after several months of sluggish activity, but France stood out as a laggard, a closely watched survey showed on Thursday."Eurozone growth rebounded in July," the private Markit research group, which published the data, said while warning that the crisis in Ukraine is clouding the outlook.Its set of leading indicators - the purchasing managers' index (PMI) - turned in a figure of 54, above the ...

Japan June exports slide in warning sign for economic outlook TOKYO: Japan's exports unexpectedly fell in June for a second straight month, weighed down by a drop in shipments to Asia and the United States, signalling that weak external demand may require bolder measures from policymakers to sustain the country's economic recovery.Exports fell 2.0 percent in June from a year earlier, compared with a 1.0 percent increase expected by economists in a Reuters poll, data from the Ministry of Finance showed on Thursday.That followed a ...

Japan PM Abe says pain from tax hike to be short-lived TOKYO: Japanese Prime Minister Shinzo Abe said on Thursday he expects the slump in household spending after the April sales tax hike to be short-lived.He also told a seminar that capital expenditure is picking up after a prolonged period of stagnation, voicing confidence that the positive effect of the government's stimulus policies is working its way through broader sectors of the economy.Copyright Reuters, 2014

Republican Paul Ryan to renew U.S. poverty debate with grant plan WASHINGTON: Republican Representative Paul Ryan will probably spark a new round of arguments over how to fight poverty in America on Thursday as he introduces a sweeping plan to replace long-standing social safety net programs with new block grants for states and communities.Ryan, his party's vice presidential candidate in 2012, is best known for his budget blueprints marked by deep domestic spending cuts. This time, the chairman of the House Budget Committee will unveil his ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln