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EU regulators preparing guidelines for ‘right to be forgotten’ complaints BRUSSELS: European regulators are working on guidelines for appeals from people whose requests to remove information from search results under their name have been turned down by search engines such as Google. The working group aims to bring some clarity to implementing a landmark court decision in May that gave Europeans the right for the first time to ask search engines to erase information about them from the web. The guidelines, which are expected to be finalised by the end of November, will set out categories to organise the types of appeals coming in from citizens and help authorities weigh the public's right to know the information with the individual's right to privacy."They (data protection authorities) are thinking about criteria, about coordination," said Peter Hustinx, head of the European Data Protection Supervisor, who takes part in the Article 29 Working Party (WP29) meetings. "There is determination to make sure there ...

Luxembourg opens art freeport to lure super-rich LUXEMBOURG: Private banking hub Luxembourg sought to lure more wealthy investors on Wednesday by opening a high-security centre designed to look like a jewel box, where collectors can store and trade valuables without paying customs or sales tax. Studded with stones and surrounded by walls and barbed wire, the Luxembourg Freeport has four bullion chambers guarded with 50cm-thick metal doors, and four other chilled rooms designed to hold 700,000 bottles of fine wine, said staff. ...
Zalando sets price range for IPO at 18-22.50 eur FRANKFURT: Zalando , Europe's biggest dedicated online fashion retailer, has set a price range for its initial public offering of 18.00 to 22.50 euros per share, it said on Wednesday, valuing the company at up to 5.6 billion euros (US$7.22 bln).The company said it aimed to raise between 507 million euros ($655.20 million) and 633 million euros in the offer, including over-allotment shares.The offering, which would represent about 11.3 percent of the company and value ...
Fashion royalty watches as Gucci takes fans on 70s trip MILAN: Gucci took an audience sprinkled with fashion royalty on a mind-expanding trip back to the early 1970s on Wednesday as the global style powerhouse unveiled its 2015 spring/summer womenswear collection.Skirts were cut above the knee, or shorter: always an encouraging sign if you believe the old maxim about global stock markets tending to rise in tandem with hemlines.Prints had a slight psychedelic edge to them and there was a bit of a nautical/pirate theme ...
Scottish support for independence rises to 49pc, Ipsos MORI poll EDINBURGH: Scottish support for independence has risen to 49 percent, an Ipsos MORI poll showed on the eve of a referendum that could break the United Kingdom apart. The Ipsos MORI poll showed support for Scotland staying in the United Kingdom on 51 percent, the STV news broadcaster said. Support for independence had risen 7 percentage points since a similar poll on Aug. 5 while support for the union had fallen by the same amount, ...
EU regulators to clear Britain's 19bn euro nuclear project: sources BRUSSELS: European Union state aid regulators are set to approve Britain's 19-billion-euro (24.63 billion US dollar) plan to build a nuclear plant with French utility EDF, people familiar with the matter said on Wednesday. The case is important for Britain, which wants to replace a fifth of its ageing nuclear power plants over the coming decade, and for France, which sees it as an important export contract. Other EU countries such as Germany, which is ...
Kiev law on self-rule for east Ukraine 'step in the right direction': Russia MOSCOW: Russia on Wednesday praised Kiev's law on self-rule for the war-torn eastern Ukraine as a "step in the right direction," and expressed the hope it would be thoroughly implemented."In Russia this document is considered as a step in the right direction which corresponds to the spirit of agreements cemented in the Geneva declaration between Russia, Ukraine, the United States and European Union from April 17 of this year, as well as the Berlin declaration ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln