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Foreign workers keep Austrian jobless rate high VIENNA: An influx of foreign, European workers helped keep the Austrian jobless rate high in April despite record employment, the government said on Monday as it reported another year-on-year gain in people out of work. Labour Minister Rudolf Hundstorfer noted that nearly 3.5 million people had a job, a record high for an April, but the jobless rate by national definition rose a full percentage point from a year ago to 9.1 percent.It fell from 9.4 percent in March for seasonal reasons. Under harmonised European Union standards, Austria's 5.6 percent jobless rate in third-lowest after Germany and Britain. Nearly 352,000 people were registered unemployed at the end of the month, up 14.5 percent year on year as the export-dependent economy struggled to gain traction. Gross domestic product edged up 0.1 percent in the first quarter after two quarters of stagnation. One reason joblessness is rising is that fewer people are ...

British election challenger carves pledges in stone LONDON: British Labour leader Ed Miliband unveiled a 2.5 metre-stone monument engraved with his election promises on Sunday in a bid to convince the public to elect him prime minister.Miliband, whose party is neck-and-neck with Prime Minister David Cameron's Conservatives, said he would install the limestone slab in the garden of 10 Downing Street if elected on Thursday."These six pledges are now carved in stone. They are carved in stone because they won't be abandoned ...
Australia gift to Britain's new princess to help pygmy possums SYDNEY: Australia will send a fine woollen blanket embroidered with yellow flowers to Britain's new princess, but the royal baby will also be honoured with a more unusual gift -- support for a rare possum.Fervent royalist Prime Minister Tony Abbott said the cot blanket made from Tasmanian merino wool and stitched with the nation's floral emblem, the wattle, would be sent to the Duke and Duchess of Cambridge after their new baby arrived on Saturday.In ...
Italy PM says riots will not ruin Milan Expo    MILAN: Italian Prime Minister Matteo Renzi warned Saturday that stone-throwing protesters who clashed with police in Milan during the Expo 2015 opening would not ruin the world fair."They tried to ruin the fair, but four spoilt brats won't ruin the Expo," Renzi told Italian public television, while praising security forces.Hours after the Expo 2015 opened Friday, dozens of protesters opposed to Milan's hosting of the fair took to the streets wearing balaclavas and gas masks. ...
UK Conservatives tied with Labour ahead of May 7 election LONDON: British Prime Minister David Cameron's Conservative Party is tied with the opposition Labour Party, according to a Populus poll one week before Britons vote in the tightest election for decades. The poll had the Conservatives unchanged on 33 percent, while Labour's support had dropped three percentage points to the same figure. The anti-European Union UK Independence Party was up one point on 15 percent with Cameron's coalition partners the Liberal Democrats on 9 percent. ...
Cameron wins last TV contest of election campaign LONDON: Prime Minister David Cameron won the last major TV contest of Britain's election campaign, a snap Guardian/ICM poll showed on Thursday, with 44 percent of viewers saying he had performed best on the night.Conservative Party leader Cameron, up for re-election on Thursday next week, was subjected to 30 minutes of questions from a BBC TV audience. Labour leader Ed Miliband and Liberal Democrat leader Nick Clegg were then - in turn - questioned by ...
Hungary PM has no plans to introduce death penalty BUDAPEST: Hungarian Prime Minister Viktor Orban on Thursday informed leading European politicians that the country was not planning to reintroduce the death penalty, only talk about the issue, Chief of Staff Janos Lazar told a press conference. Orban said on Tuesday that the death penalty should be "kept on the agenda" as previous criminal law measures were not adequate deterrents, even though the European Union forbids the use of capital punishment. "The Prime Minister does ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln