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Russia's Lavrov says time has come to upgrade nuclear, conventional arms MOSCOW: Russian Foreign Minister Sergei Lavrov was quoted on Sunday as saying that the time had come for his country to modernise its nuclear and conventional arsenals."I don't think we are on the verge of a new arms race. At least, Russia definitely won't be part of it. In our case, it's just that the time has come for us to modernise our nuclear and conventional arsenals," Lavrov said, according to a transcript of an interview with Russia Today television published on its website."We have a long-term armament program, which takes into account our economic situation and, of course, the need to have efficient and modern defensive capabilities to protect our national interest ... We haven't been doing much in this regard for a number of years," he added. Copyright Reuters, 2014 ...

British PM 'kicking himself' after saying Queen purred at Scotland vote BIRMINGHAM: British Prime Minister David Cameron on Sunday apologised for revealing details of Queen Elizabeth's relief that Scotland had voted to keep the United Kingdom intact, saying he was kicking himself very hard for the breach of protocol.Cameron was last week caught on a live microphone telling former New York mayor Michael Bloomberg that the Queen had "purred down the line" to him when he spoke to her following the results of the Sept. 18 ...
Russia successfully launches Proton-M rocket after accident MOSCOW: Russia on Sunday successfully launched a Proton-M rocket carrying a satellite into orbit in the first such launch since one of the rockets fell back to Earth soon after liftoff in May.The Proton-M rocket lifted off on schedule from the Baikonur cosmodrome in Kazakhstan at 12:23 am Moscow time (2023 GMT Saturday), carrying a Russian communications satellite, Russia's space agency said in a statement."At 09:26 Moscow time (0526 GMT), the satellite separated from the ...
UK's Cameron woos voters with discount starter homes LONDON: Britain's prime minister David Cameron pledged on Saturday to build 100,000 new homes and offer them to younger first-time buyers at a 20 percent discount if his party wins a national election in May.The extension of the ruling Conservative's "Help to Buy" scheme - meant to get people on the housing ladder - was announced on the eve of the party's annual conference, the last before the vote.Property is a politically potent issue in ...
German man arrested in Bali for cocaine possession DENPASAR: Indonesian customs said Saturday they have arrested a German man for allegedly trafficking cocaine onto the resort island of Bali.Hans Peter Naumann, 48, had flown from Bangkok to Bali on an Air Asia flight before he was caught around midday Friday, officials said.He could be charged with drug trafficking, for which the maximum penalty is a death sentence and 10 billion rupiah ($832,000) fine, Bali customs official Djarot Utomo said."He admitted that he was ...
Truckers to block UK port of Dover in migrant protest LONDON: Prime Minister David Cameron on Friday said he was confident efforts by undocumented migrants to reach Britain via the French port of Calais would be curbed even as British truck drivers planned a protest.A Facebook group called "Support the Calais to Dover Truckers" has called for action on Saturday at Dover, Britain's ferry terminal that is the busiest in Europe, handling 350,000 tonnes of cargo annually, with around 10,000 container movements per year.Under the ...
Merkel says first signs of success are visible in Greece BERLIN: German Chancellor Merkel said on Tuesday that the first positive signs of growth were coming out of Greece and the country was heading in the right direction in the implementation of its bailout programme."I can only say that I know what a difficult time the country is going through but the first tender shoots of success are visible," Merkel said at a joint news conference with Greek Prime Minister Antonis Samaras in Berlin.Samaras said ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln