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Pilots extend Lufthansa strikes to long-haul flights FRANKFURT: German pilots union VC on Monday widened its strike at Lufthansa to include long-haul flights on Tuesday, having previously targeted only the carrier's short and medium-haul routes on Monday and Tuesday.The walkout affecting long-haul flights, scheduled from 0400-2159 GMT, adds weight to the eighth strike action taken by pilots against Lufthansa this year in a drawn-out dispute over retirement benefits.Lufthansa on Sunday cancelled 1,450 flights after the pilots union called for a strike on Monday and Tuesday, adding to travellers' misery in Germany after millions were left stranded by a weekend-long train drivers' stoppage.Both pilots' and train drivers' strikes hit at the start of half-term holidays in nearly half of Germany's 16 federal states.The initial schedule for the strike at Lufthansa was for 1100 GMT on Monday until 2159 GMT on Tuesday.DZ Bank analyst Dirk Schlamp estimated the series of eight strikes would cut Lufthansa's earnings before interest and ...

Pilots extend Lufthansa strikes to long-haul flights FRANKFURT: German pilots union VC called a strike at Lufthansa on Oct. 21 targeting the airline's long-haul flights, in addition to strikes for the carrier's short and mid-length routes announced for Monday and Tuesday. The walkout for the long-haul flights will be from 0400-2159 GMT, the union said in a statement on Monday. The pilots are in dispute with Lufthansa's management over retirement benefits.Copyright Reuters, 2014 ...
In rouble crisis, Putin gets a helping hand from state TV MOSCOW: As the head of Russia's biggest state bank and a favourite of President Vladimir Putin, German Gref has long been a loyal supporter of state economic policy.But with the rouble sliding and the economy stagnating, he delivered a diatribe this month against government inefficiencies, which he compared to the Soviet era, and warned that "we can't motivate people by using the Gulag".The outburst brought a stinging rebuke from a state television presenter, who portrayed ...
Hungary's Orban gets free rein for 'illiberal democracy' BUDAPEST: Fresh from a third electoral win this year, Hungary's controversial Premier Viktor Orban will have a free rein in his second term to build what he terms an "illiberal democracy," analysts say. After four years in office, Orban's right-wing Fidesz party continues to ride a wave of support, winning general elections in April, European elections in May and local elections last weekend.The prime minister has made no qualms about his agenda and has cited ...
Ukraine-Russia peace hopes rise as gas deal edges closer MILAN: Ukraine and Russia both signalled progress towards settling their festering row over gas Friday, raising hopes of an EU-backed resolution of the broader conflict embroiling the Soviet-era allies.Russian President Vladimir Putin met his Ukrainian counterpart three times in the space of ten hours in Milan Friday, twice in the company of various European Union leaders then, finally, in their first private meeting since late August."We have some certain progress (on the gas issue) but ...
IAEA urges long-term plan on Malaysia plant's waste KUALA LUMPUR: The International Atomic Energy Agency (IAEA) on Friday gave a passing safety grade to a controversial Malaysia rare earths plant, but raised concerns that there was no long-term plan for properly disposing of the plant's potentially radioactive waste.The rare earths processing plant in the Malaysian state of Pahang has generated opposition from green groups who fear radioactive contamination and have accused authorities and Lynas of overriding public concern.In a report, the IAEA said ...
Renzi says 'really positive' after Putin, Poroshenko Ukraine talks MILAN: Italian Prime Minister Matteo Renzi said he was "really positive" on the prospects for a solution to the Ukraine conflict after talks between Russian President Vladimir Putin and his Ukrainian counterpart Petro Poroshenko."In general, I am really positive after this meeting," Renzi said after the talks in Milan which were also attended by the leaders of Britain, France and Germany."I hope this spirit (of dialogue) ... will continue," he said, citing a sense of ...

 



 
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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 $-2.807 bln
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WeeklyOctober 23, 2014
Reserves $13.465 bln