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US Senate report faults State Dept, intelligence on Benghazi WASHINGTON: State Department's decision to keep the US mission in Benghazi open despite inadequate security and increasingly dangerous threat assessments before it was attacked in September was a "grievous mistake," a Senate report said on Monday.   The Senate Homeland Security Committee's report about the Sept. 11 attacks on the US mission and a nearby annex, which killed four Americans, including the US ambassador to Libya, faulted intelligence agencies for not having enough focus on Libyan extremists. It also faulted the State Department for waiting for specific warnings instead of acting on security.   The assessment follows a scathing report by an independent State Department accountability review board that resulted in a top security official and three others at the department stepping down.   The attack, in which US Ambassador Christopher Stevens died, has put diplomatic security practices at posts in insecure areas under scrutiny and raised questions about whether intelligence on terrorism in the region ...

Romney didn WASHINGTON: No one wanted to be president less than Mitt Romney, his son said in an interview out Sunday that raises new questions about the candidacy of the losing Republican nominee.   In an interview with the Boston Globe examining what went wrong with the Romney campaign, his eldest son Tagg explains that his father had been a reluctant candidate from the start.   After failing to win the 2008 Republican nomination, Romney told his family he would not ...
Michigan hospital blazes trail in fight against fungal meningitis CHICAGO: After his first day working at St Joseph Mercy Ann Arbor hospital's newly created Fungal Outbreak Clinic, Dr David Vandenberg struggled to describe to his boss the enormity of what lay ahead. He settled on a line from the movie Jaws.   "We're going to need a bigger boat," Vandenberg told Dr Lakshmi Halasyamani, chief medical officer of the Michigan hospital, echoing the film's local police chief after he first eyes a 25-foot (7.5-metre) killer shark.   The ...
Montreal hit by record snow dump MONTREAL: Residents of Montreal and other cities in Quebec province armed with shovels dug themselves out Friday after parts of Canada witnessed their heaviest snowfalls for at least four decades.   Some towns in the province reported almost two feet (60 centimeters) of snow. Almost 18 inches (45 centimeters) fell in Montreal, surpassing all previous dumps dating back to 1971.   Officials expected it to take up to four days for workers and snow plows to clear the streets ...
US Senate approves $60.4bn Superstorm Sandy aid bill  WASHINGTON: The US Senate on Friday approved a $60.4 billion aid package to pay for reconstruction costs from Superstorm Sandy, which ravaged mid-Atlantic and northeastern states, after defeating Republican efforts to trim the bill's cost.   Senate Majority Leader Harry Reid urged the Republican-controlled House of Representatives to quickly take up the bill, which includes $12 billion to repair and strengthen the region's transportation system against future storms.   "There is no time to waste," Reid said.   Both chambers have ...
Canadian job creation seen sharply lower in December  OTTAWA: Canada's job market is expected to slow markedly in December to reflect the sluggish economy and employers' fears about the US fiscal crisis following outsized gains of over 50,000 jobs in two of the previous three months.   The median forecast in a Reuters poll is for the economy to add just 5,000 jobs in the month, with forecasts ranging from a loss of 20,000 positions to a gain of 21,000.   The forecast compares with employment growth ...
Obama, top lawmakers meet on cliff edge  WASHINGTON: US President Barack Obama will Friday press top lawmakers for a deal to avert huge tax hikes and growth-sapping spending cuts next week, but hopes for an end to the fiscal cliff crisis appear thin.   Wall Street reflected pessimism over prospects for a deal in bitterly divided and stalemated Washington, with the Dow Jones Industrial Average slipping 88.45 points or 0.68 percent an hour into trade.   Obama will meet Republicans, House Speaker John Boehner and Senate ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln