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Italy PM says ‘entire continent’ watching new Greek PM Tsipras ROME: Italian Prime Minister Matteo Renzi said all of Europe is watching the new Greek Prime Minister Alexis Tsipras, who was sworn in earlier on Monday. "The challenge you face is certainly difficult," Renzi wrote in a congratulatory letter."An entire continent is following the Greek political developments." Renzi has often called on the European Union to focus more on growth than austerity as he struggles to cut Italy's 2-trillion-euro debt pile amid the third recession in six years. Greece's debt crisis threatened to topple Italy into default in 2011 as it forced borrowing costs in the euro zone periphery to soar. All that makes Renzi a possible ally of the new Greek prime minister who won office pledging to renegotiate a 240-billion-euro bailout deal with creditors.The 40-year-old Renzi is same age as Tsipras, and both leaders come from left-wing parties.Copyright Reuters, 2015 ...

NATO criticises Russia, backs Ukraine at emergency meeting BRUSSELS: NATO blamed Russian-backed separatists on Monday for a sharp escalation of violence in eastern Ukraine and called on Moscow to stop destabilising Ukraine.Alliance Secretary-General Jens Stoltenberg criticised Russia's actions and supported Ukraine's independence after NATO and Ukrainian ambassadors held an extraordinary meeting in Brussels. Kiev had asked for the meeting in response to a new rebel offensive in eastern Ukraine. "We condemn the sharp escalation of violence along the ceasefire line in eastern Ukraine ...
Imperial Tobacco launches caffeinated mouth strips LONDON: Imperial Tobacco Group, the world's third largest cigarette maker, is moving into caffeine as more people kick the deadly smoking habit, launching a melt-in-your-mouth strip designed to give an energy boost in seconds.The product, called Reon, comes in flavours such as "grapefruit & zing" and "black currant & fresh". For now it is only sold in the English city of Manchester and online. Developed by Imperial's Fontem Ventures subsidiary, Reon comes in packs of ...
Russian finance minister says S&P downgrade shows ‘pessimism’ MOSCOW: Russian Finance Minister Anton Siluanov said on Monday S&P's decision to downgrade Russia's credit rating to junk status showed the "pessimism" of the agency and failed to take into consideration stronger aspects of the Russian economy. He also said the decision was unlikely to affect capital markets as it had already been priced in.Copyright Reuters, 2015 ...
Liberia 'optimistic' of zero Ebola cases by end-Feb GENEVA: Liberia, once the country worst hit by the Ebola outbreak, hopes to have no new cases by the end of next month, a government minister said on Monday.The worst outbreak of the virus in history has seen the west African nation and its neighbours Guinea and Sierra Leone register almost 9,000 deaths in a year.But according to the latest figures, the number of registered cases in Liberia is now just down to five against ...
Court rejects Vatican appeal to keep Swiss bank account secret GENEVA: A Swiss court rejected Monday an appeal by the Vatican's bank to keep secret information from one of its Swiss bank accounts suspected of being used for fraud.Judges at Switzerland's federal criminal court allowed the transfer of most information sought by prosecutors in Italy from the account held by the Vatican bank, officially known as the Institute for Religious Works (IOR), the daily Le Temps reported.Italian prosecutors suspect the account was used in 2007 ...
Russian riot police raid Crimean Tatar TV channel MOSCOW: Masked Russian riot police on Monday raided the office of a television channel serving Crimean Tatars, a minority ethnic group in Crimea that opposed Moscow's seizure of the peninsula from Ukraine last year.In a move the Organization for Security and Cooperation slammed as "intrusion" against the freedom of the media, dozens of armed masked men searched the headquarters of the ATR channel in the regional centre Simferopol, seizing servers and other equipments."This is the ...


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ICT 2014

Foreign Debt $61.805bn
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WeeklyJanuary 25, 2015
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