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Hollande set for 2014 Australia visit SYDNEY: Francois Hollande is set to become the first French president to undertake a state visit to Australia when he travels Down Under in late 2014, Australia's Governor-General Quentin Bryce said.Bryce met Hollande at the Elysee Palace, the official residence of the French President, on Monday and invited him to make the trip before or after the G20 meeting in Brisbane in November 2014."This would be the first state visit by a French president," the governor-general's office said in a statement."The governor-general issued an invitation to the president to undertake a state visit before or after the G20 meeting in Brisbane."The president was delighted and said he anticipated he would be able to visit in November 2014."Bryce is leading an economic mission to Europe, and said the fact that the first stop was France "reflects the dynamic bilateral business and investment relationship" between the countries.Copyright AFP (Agence France-Presse), 2013 ...

Union launches strike backing Turkey's anti-govt protests ISTANBUL: One of Turkey's main trade union confederations on Tuesday joined protests against the government, after another night of clashes between police and protesters in Istanbul and Ankara.Turkey's Confederation of Public Workers' Unions (KESK) has called a two-day strike from Tuesday to protest against the police crackdown on demonstrators."The state terror implemented against entirely peaceful protests is continuing in a way that threatens civilians' life safety," the KESK said Monday in a statement on its ...
Franco-German EU deal puts onus on Hollande to reform PARIS: A Franco-German deal to strengthen the euro zone has ended months of bickering between Paris and Berlin and raised the onus on French President Francois Hollande to embark on potentially explosive social and economic reforms.German Chancellor Angela Merkel, Europe's most powerful politician, made a string of symbolic concessions to France in joint proposals for closer economic policy coordination outlined last week, in return for a clear commitment to reform.She did so because bolstering the ...
Turkey can't afford to spurn democracy LONDON: Tayyip Erdogan's harsh response to the popular demonstrations in Istanbul's Taksim Square is unsettling in its irrationality. The Turkish prime minister leads a government that enjoys the support of more than half the population. During its 10-year rule, his moderately Islamist AK Party has presided over the fastest GDP growth in the OECD and a turnaround of the nation's finances. Turkey was headed, slowly but surely, towards European Union membership. Erdogan himself was sailing ...
EU clears Warren Buffett's takeover of Heinz BRUSSELS: The European Commission cleared on Monday the $28-billion takeover of iconic US ketchup maker Heinz by billionaire Warren Buffett's investment powerhouse Berkshire Hathaway and Brazilian-led 3G Capital.The Commission's said a probe found that the deal, which sees the 144-year-old HJ Heinz come under the control of one of the world's canniest investors, would have no impact on competition in the European market for cold sauces and quick-service restaurants."The proposed acquisition would not raise competition ...
Two dead, more missing as torrential rains lash central Europe VIENNA: Two people have perished and at least seven more were missing on Sunday as torrential rains lashed central Europe, triggering floods and landslides and disrupting transport.Austria and Germany sent in army units to help with rescue efforts after rains reached record levels in some areas, while hundreds of roads have been closed and rail services cut.The banks of the mighty Danube river burst in one area in Germany while dozens of towns have been ...
Turkey police fire tear gas as protests spread ISTANBUL: Turkish police fired tear gas at protesters in Ankara on Sunday while thousands of people occupied Istanbul's main Taksim Square on the third day of mass demonstrations against Turkey's Islamist-rooted government.Interior Minister Muammer Guler said more than 1,700 people had been arrested in the unrest that has spread to 67 cities nationwide, though most have since been released.In Istanbul, a sea of protesters from across Turkey's political spectrum flooded the iconic square a day ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln