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Obama chides lawmakers over flight delay fix, budget conflict WASHINGTON: President Barack Obama chided Republicans on Saturday for approving a plan to ease air-traffic delays caused by federal spending cuts while leaving budget cuts that affect children and the elderly untouched.The Senate and the House of Representatives backed a plan this week to give the Department of Transportation flexibility to cover immediate salaries of air traffic controllers at the Federal Aviation Administration who had been furloughed as part of budget cuts known as "sequester."The furloughs led to take-off and landing delays at airports nationwide, which was started Sunday"This week, sequester hurt travelers, who were stuck for hours in airports and on planes, and rightly frustrated by it.And, maybe because they fly home each weekend, the members of Congress who insisted these cuts take hold finally realized that they actually apply to them too," Obama said in his weekly radio and Internet address."Hence Congress passed a temporary fix, A Band-Aid. ...

Obama warns Syria on chemical weapons WASHINGTON: US President Barack Obama has warned Syria that using chemical weapons would be a "game changer," as he faces rising pressure at home and abroad to intervene in the country's bloody civil war.But speaking Friday, a day after US officials said they suspected the use of the deadly agent sarin in small-scale attacks, Obama warned that Washington must act prudently, and establish exactly if, how and when such arms were used.Obama, who had previously ...
US appeals court won't rule on challenge to payment disclosure WASHINGTON: A US appeals court on Friday declined to rule on a legal challenge filed by business groups against a Securities and Exchange Commission rule that would force energy companies to disclose any payments to foreign governments.The legal challenge by the American Petroleum Institute, Chamber of Commerce and two other groups should instead be heard in a lower court, the three-judge panel of the US Court of Appeals for the District of Columbia Circuit said.The ...
Boston bombing suspect moved to hospital BOSTON: Boston Marathon bombing suspect Dzhokhar Tsarnaev has been moved to a prison at Fort Devens, Massachusetts, from the hospital where he had been held since his arrest a week ago, the US Marshals Service said on Friday.The 19-year-old ethnic Chechen, who was badly wounded in an overnight shootout last week with police hours after authorities released pictures of him and his older brother, also a suspect, had previously been held at Beth Israel Deaconess ...
India protests detention of UP minister at Boston airport WASHINGTON: India has protested to the US the brief detention of Uttar Pradesh urban development minister Mohammad Azam Khan at Boston airport as he arrived to take part in an event at Harvard University.Khan, who is accompanying UP chief minister Akhilesh Yadav for the presentation of a Harvard study on the Kumbh Mela pilgrimage, was detained for about 10 minutes for "further questioning" at Boston Logan International Airport Wednesday, according to Indian officials.Once the visitors ...
92 of 166 Guantanamo detainees on hunger strike: official WASHINGTON: More prisoners have joined a hunger strike to protest their indefinite detention at the US-run Guantanamo military prison, with 92 out of 166 detainees refusing food, a spokesman said Wednesday.Among them, 17 are on feeding tubes and two are hospitalized but do not have "life-threatening conditions," Lieutenant Colonel Samuel House said in a statement.The rapidly growing movement began on February 6, lawyers for the detainees said. Prison authorities began releasing figures on the strike ...
Social networks act as political rallying sites: report SAN FRANCISCO: A Pew Research Center report released late Wednesday indicated that online social networks have become political hotspots in the United States.Approximately 39 percent of US adults engaged in political activity in Internet communities during the 2012 US presidential campaign, according to a Pew report titled Civic Engagement in the Digital Age.By comparison, only 26 percent of people in the United States used online social networks in any form or fashion during the prior ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln