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Building collapses in north France PARIS: Part of a large residential building collapsed in the centre of the northeastern French city of Reims on Sunday morning, killing two people and injuring at least nine, emergency services said. The cause of the collapse, which happened at 11.15 a.m. (0915 GMT), was still unknown and there could be more victims, a spokesman for Reims emergency services said. Copyright Reuters, 2013 ...

Italy to swear in new government after deadlock ROME: Italy's new coalition government is to be sworn in on Sunday, bringing fresh hope to a country mired in recession after two months of bitter post-election deadlock watched closely by European partners.Prime Minister Enrico Letta is expected to be the first to take the oath of office at a ceremony led by President Giorgio Napolitano, who appointed him after the centre-left won February elections but without the majority needed to govern.The ceremony was set ...
Algerian President Bouteflika hospitalised ALGIERS: Algerian President Abdelaziz Bouteflika was hospitalised after a minor stroke on Saturday, according to the state press agency report that quoted the prime minister as saying his condition was "not serious".The health of 76-year-old Bouteflika is a central factor in the stability of an oil-exporting country of 37 million people that is emerging from a long conflict against Islamist insurgents.The APS new agency said Bouteflika had an "ischemic transitory attack", or mini-stroke, at 12:30 ...
French Socialists soften tone on Merkel PARIS: France's ruling Socialist party will remove strongly worded criticism of German Chancellor Angela Merkel from a draft text on Europe that revealed the level of hostility Berlin's focus on austerity, its coordinator for Europe said on Sunday. Cooperation between France and Germany has long provided the main motor for decision-making in the European Union. But a debt crisis has strained those ties in the past year as ideologically opposed leaders have disagreed on points ...
Letta confirms can form new Italy government ROME Italian centre-left politician Enrico Letta confirmed on Saturday that he could form a government that will include one of former prime minister Silvio Berlusconi closest allies as deputy prime minister. Letta said Angelino Alfano, secretary of Berlusconi's People of Liberty (PDL) party, would be deputy prime minister and interior minister. Bank of Italy director general Fabrizio Saccomanni will take the powerful economy ministry and former European Commissioner Emma Bonino will be foreign minister, Letta ...
Vienna eyes banking secrecy deal with EU by May 22 VIENNA: Austria hopes to reach a deal with the European Union next month that would preserve banking secrecy for Austrians but open accounts held by foreigners to scrutiny, Chancellor Werner Faymann said Saturday. Faymann told public Radio Oe1 that the May 22 EU summit "should signal a fresh start, we want to reach a result on the issue of data sharing in the interest of the fight against fraud in Europe." As the EU cracks ...
Italy court rejects seizure of Nomura assets SIENA: An Italian judge has rejected an order to seize around 1.8 billion euros ($2.3 billion) of assets from Nomura as part of a probe into suspected fraud involving troubled lender Monte dei Paschi di Siena, a judicial and a legal source said on Saturday.Prosecutors in Siena are investigating risky derivatives trades that have endangered the survival of Monte Paschi, the world's oldest bank.They ordered the seizure of around 1.8 billion euros of assets from ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklyJanuary 25, 2015
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