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US hopes for WASHINGTON: The United States voiced hope Thursday that China would play a greater role solving global problems as it said it expected a "constructive" relationship with Beijing's new leaders.   Hours after China unveiled a new leadership team headed by Xi Jinping, US national security adviser Tom Donilon said that President Barack Obama would keep the relationship with China as a priority as he enters his second term.   "I think we have put in place the mechanisms to have a productive and constructive relationship and look forward to working with the new leadership team in Beijing," Donilon said.   Speaking at the Center for Strategic and International Studies, Donilon renewed US calls for China to play a role commensurate with its growing size and said Beijing's leadership was critical on issues such as North Korea, Iran, climate change and the global economy.   "The US-China relationship of course has elements of both cooperation and competition. Our consistent ...

Obama visits storm-hit New York  NEW YORK: US President Barack Obama toured the fringes of New York City hardest hit by superstorm Sandy on Thursday, hearing pleas for help and consoling the victims.   Flying in his Marine One helicopter, Obama was shown the Rockaways and Breezy Point neighborhoods in Queens, two areas where 17 days after Sandy struck there are still people without heat and light.   Obama then touched down on Staten Island, where 23 of the city's 43 dead as a ...
Magnitude 6 quake hits Mexico, no damage reported  MEXICO CITY: A magnitude 6 earthquake hit southwestern Mexico on Thursday, 173 km (107 miles) southwest of the capital Mexico City, the US Geological Survey said, but there were no immediate reports of damage.   The earthquake struck at a depth of 38 miles (61 km), revised up from an original estimate of 6.2 miles, 10 miles northwest of Arcelia, in the state of Guerrero.   The quake struck at 3:20 a.m. (0920 GMT) and could be felt in ...
Obama vents over attacks on his UN envoy  WASHINGTON: An outraged President Barack Obama on Wednesday accused Republicans, including John McCain, of besmirching UN envoy Susan Rice, re-igniting a fierce row over the slaying of the US ambassador to Libya.   Obama threw the weight of his replenished political capital behind Rice, the favorite to be his next secretary of state, as Republicans, lined her up as a top administration scalp over the attack in Benghazi on September 11.   McCain and his ally Republican Senator Lindsey Graham had earlier demanded "Watergate-style" ...
Obama to discuss Rohingya violence on Myanmar visit  PERTH: President Barack Obama will discuss the deadly sectarian violence in Myanmar's Rakhine state during his historic visit to the country, US Secretary of State Hillary Clinton said Wednesday.   She will accompany Obama next week when he makes the first visit to Myanmar by a sitting US president, during which he will meet both President Thein Sein and opposition leader Aung San Suu Kyi.   Clinton said unrest between Rohingya Muslims and Buddhists in the western state of ...
US, Mexico ink deal to curb stolen mobile phone use WASHINGTON: US and Mexican officials signed a bilateral agreement on Tuesday aimed at blocking the cross-border use of stolen mobile telephones.   US Federal Communications Commission and Mexico's Secretariat of Communications announced the plan to share databases of stolen phones in both countries to prevent reactivation.   "Today's announcement cracks down on the growing trend of stolen mobile devices," FCC Chairman Julius Genachowski said.   "US and Mexican collaboration to block reactivation of stolen mobile devices in both countries sends a ...
New Jersey ends gasoline rationing NEW YORK: Rationing ended on Tuesday for New Jersey drivers seeking to buy gasoline, as shortages caused by superstorm Sandy finally receded.   Governor Chris Christie imposed restrictions in 12 counties to try to reduce long lines at gas stations.   Cars with odd-numbered license plates were allowed to fill up on odd dates and those with even-numbered plates on even dates.   Christie said Monday that the system "was successful over the past 10 days, creating order and easing customer ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln