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EU sees Google solution after summer: Almunia PARIS: European Union regulators hope to resolve a two-year investigation into US internet company Google after the summer.The European Commission the EU's executive arm has been examining proposals put forward by Google to resolve complaints by more than a dozen companies, including Microsoft, that Google was using its market dominance to block competitors."We can reach an agreement after the summer break. We can envisage this as a possible deadline," EU Competition Commissioner Joaquin Almunia told a conference on Friday.He said the deadline was conditional on regulators and rivals agreeing to concessions presented by Google early this month. Neither Google nor the EU antitrust authority have detailed what those concessions are.People familiar with the matter have previously told Reuters that Google offered to label its own services in search results to differentiate them from rival services, and also to impose fewer restrictions on advertisers.The US Federal Trade Commission last month ended ...

French hostages seized in Cameroon found: military source YAOUNDE: The seven members of a French family who were seized in northern Cameroon earlier in the week have been found in northern Nigeria, a Cameroonian military source told AFP on Thursday.   "The hostages are safe and sound and are in the hands of Nigerian authorities," the source said on condition of anonymity. "They were found abandoned in a house in Dikwa" in northern Nigeria, the source said.   Copyright AFP (Agence France-Presse), 2013       ...
UN report may show slower growth in Iran nuclear stockpile   VIENNA: A UN nuclear watchdog report due this week is expected to reveal a slowdown in the growth of Iran's stockpile of higher-grade enriched uranium as it is using some of the material to make reactor fuel, diplomats said on Wednesday.   If confirmed in the quarterly report, the development could be significant as it could help buy time for big power diplomacy to try and find a negotiated settlement to a decade-old dispute that has stirred ...
Venezuela irked by US comments on Chavez   CARACAS: Venezuela complained Wednesday that the United States meddled when it noted a new election must be called in that country if cancer-stricken President Hugo Chavez is deemed too sick to do his job.   Chavez returned home by surprise Monday after spending two months in Cuba for cancer surgery and treatment.   The State Department said Tuesday the Venezuelan constitution should be respected if Chavez is deemed incapacitated, in which case new elections must be called.   The Venezuelan ...
NATO may hold mid-2013 summit to mark Afghan handover   BRUSSELS: NATO is considering holding a summit in mid-2013 to mark a milestone in the handover of security responsibilities in Afghanistan to local forces, alliance Secretary-General Anders Fogh Rasmussen said on Wednesday.   NATO-led forces are expected to cede the lead role for security in Afghanistan this spring to Afghan soldiers, 12 years after the United States invaded Afghanistan to oust the Taliban government harbouring Osama bin Laden, the al Qaeda leader who masterminded the Sept. 11 ...
German airports hit again by strikes FRANKFURT:More than 100 flights at Hamburg airport in northern Germany were cancelled Wednesday as security staff staged a further day of walk-outs.   Out of a total 181 departures, some 115 were cancelled, while 25 out of 181 arrivals were also cancelled, a spokeswoman for the airport's operator said.   Germany's main regional airports have been hit in recent months by strikes over pay by security staff responsible for checking passengers and hand luggage.   Unions are planning to stage further ...
EU regulators to examine Estonian Air state aid measures BRUSSELS: EU antitrust regulators are investigating whether an 8.3-million-euro ($11.09 million) loan and 57.2 million euros in support measures granted to ailing airline Estonian Air by Estonian authorities comply with EU state aid rules.   The European Commission said on Wednesday the investigation would allow interested third parties to comment on the measures.   The Estonian government lent 8.3 million euros to the airline in December last year to allow it to continue operating flights before its planned restructuring ...

 



 
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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 02, 2014
Reserves $13.581 bln