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UK police find 15 immigrants in truck in latest incident LONDON: Fifteen distressed immigrants were found in a truck in Britain on Tuesday, as a man was arrested on suspicion for manslaughter for the death of a stowaway in a similar incident three days earlier.The 15 foreign nationals in the truck, who told police they were from Kashmir and Eritrea, were discovered after other road users heard shouts and banging coming from inside. The truck was stopped at a service station.On Saturday, staff at a port heard screaming and banging coming from inside a shipping container, and found 34 Afghan Sikhs alive inside suffering from severe dehydration, hypothermia and lack of air. One man was found dead, having passed away during the sea crossing from Belgium, and on Tuesday police in Northern Ireland said they had arrested a man on suspicion of manslaughter.The cases have raised questions about Britain's border security and the desperate measures taken by immigrants to reach ...

Putin to hold talks with EU, Ukraine leaders on Aug 26 in Minsk: Kremlin MOSCOW: Russian President Vladimir Putin will take part meetings with the European Union, Ukraine leaders in Minsk on August 26, his spokesman said on Tuesday.He said leaders of Belarus and Kazakhstan, who are part of the Russia-led Customs Union, will be present."(The leaders) will discuss the relations between Ukraine and the Customs Union and there will be a number of bilateral meetings," Putin's spokesman, Dmitry Peskov, said.Copyright Reuters, 2014

Portugal to hit deficit targets despite court ruling: Fitch LISBON: Portugal is still expected to cut its budget deficit to four percent of economic output this year, even after the country's top court rejected some austerity measures, Fitch said on Tuesday."The latest ruling ... reduces a key near-term risk to consolidation and keeps the sovereign on track to hit its fiscal targets this year," said the ratings agency in a statement.Portugal's Constitutional Court last week rejected part of planned austerity measures in a blow ...

US inflation tame despite food price rises WASHINGTON: Consumer prices in the United States rose a bare 0.1 percent in July despite strong gains in food costs, the Labor Department reported Tuesday.The slowdown in consumer inflation after three months of faster gains left the year-on-year consumer price index (CPI) up 2.0 percent, a level the Federal Reserve's monetary policy makers have regarded as non-threatening.Food prices were up 0.4 percent in the month, continuing a high pace of increases since February which are ...

US housing starts surge in July WASHINGTON: New US home construction surged in July to an eight-month high, rebounding after a two-month slump, a positive sign of growth in the housing market, official data showed Tuesday.Housing starts leaped 15.7 percent last month from June to an annual rate of 1.093 million, the strongest pace since last November, the Commerce Department said.Building permits, indicating potential construction growth, rose 8.1 percent to a rate of 1.052 million.The data came in significantly stronger than ...

UK inflation falls more than expected, reduces chance of 2014 rate rise LONDON: British inflation eased more than expected in July and the pace of house price growth slowed in June, according to data that underscored the Bank of England's message that it is in no rush to hike interest rates.Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said on Tuesday, down from a five-month high of 1.9 percent in June.Economists polled by Reuters had forecast that inflation would fall ...

Sri Lanka's FDI jumps 51pc y/y in first-half 2014 COLOMBO: Foreign direct investment (FDI) inflows into Sri Lanka totaled $817 million in the first half of this year, 51 percent more than the inflow during the same period a year ago, a minister said on TuesdaySri Lanka has set a $2 billion FDI goal this year, though it failed to meet that target for two years in a row."We have recorded a 51 percent growth in foreign direct investment in the first six months ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln