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Brussels pleads with Germany to let wages rise BERLIN: Germany must increase workers' salaries to help its neighbours out of the economic slump, the European Union's employment commissioner Laszlo Andor said on Saturday.The Hungarian said Berlin's big foreign trade surplus was hurting its European partners, and urged it to stimulate domestic demand by increasing wages and public expenditure."The rise in salaries has fallen behind the rise in productivity in Germany" for more than a decade, Andor told the German conservative daily Die Welt, in an interview due to be published on Sunday.Brussels was now urging Germany, the EU's economic powerhouse, to relax its iron grip on wages, which he said was "indispensible" for the recovery of the rest of the region. "It would be better if salaries rise in parallel with productivity," Andor added. His comments come amid signs of stalling growth in the 18-member eurozone, particularly its largest economies Germany and France, as the bloc struggles to ...


China to audit govt land income in corruption fight BEIJING: China will conduct a nationwide audit of government land sales and related deals that may shed light on rent-seeking and corruption, the Economic Observer newspaper reported on Saturday.The National Audit Office will conduct "rigorous" checks on funds from land sales, as well land requisition, reserve and supply that occurred from 2008 to 2013, the newspaper said, citing unnamed government sources.The audit, to be launched this week under the cabinet's oversight, is likely to "disclose ...

Egypt tourism revenue drops by 24.7pc CAIRO: Egypt's tourism revenue dropped by 24.7 percent to around $3 billion in the first half of 2014, the Ministry of Tourism said in a statement.Tourism has been hammered since the popular uprising that toppled autocrat Hosni Mubarak in 2011. It suffered another blow in February when a coach carrying Korean tourists was bombed by Islamist extremists.The bus carrying Korean tourists was bombed near Taba in southern Sinai, not far from an Israel border crossing ...

Woman in Scotland tests negative for Ebola LONDON: A woman who fell ill at a deportation facility in Scotland has tested negative for the Ebola virus, health officials said Saturday.British media said the female detainee was in her 30s and from Sierra Leone, one of the countries worst affected by the west African Ebola outbreak.She was being held at the Dungavel House centre south of Glasgow, which is used to house unsuccessful asylum seekers before they are deported from Britain. The facility ...

DR Congo opposition figure Tshisekedi medevaced to Belgium KINSHASA: Etienne Tshisekedi, an 81-year-old prominent opposition politician in the Democratic Republic of Congo, left Kinshasa for Brussels early Saturday on a specially-arranged medical flight, an AFP journalist witnessed.Tshisekedi, who had not been seen in public for months, his wife Marthe, one of his children and a doctor boarded the plane, which took off at 0425 GMT.He was too weak to walk and was helped into the Air Alliance jet, which was to make several ...

Court stops Sri Lanka deporting foreign refugees COLOMBO: Sri Lanka's court of appeal has ordered a halt to the deportation of Afghan and Iranian refugees before their asylum claims are fully assessed, an official said on Saturday.The court order came after a woman challenged Sri Lanka's decision to expel foreign nationals despite warnings that doing so may violate international law.A court official said judge A. W. A. Salam, head of the Court of Appeal, had on Friday ordered the defence ministry to ...

Black box failed on Brazil politician's doomed flight BRASILIA: The black box recovered from the wreckage of the plane crash that killed Brazilian socialist presidential candidate Eduardo Campos failed to record his flight, the air force said Friday.The two hours of recordings it contained were not related to Wednesday's doomed flight, according to the military branch in charge of the investigation into the crash. "The reasons why the recording does not correspond to the flight will be studied during the investigation," the air ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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MonthlyJune
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WeeklyAugust 15, 2014
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