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Obama picks Marine general as next top US officer WASHINGTON: President Barack Obama will nominate Marine General Joseph Dunford as the next chairman of the joint chiefs, choosing an officer with battlefield experience in Iraq and Afghanistan for the US military's top job.If confirmed by the Senate for the post, Dunford will be drawing on his years fighting insurgents over the past decade when he advises Obama on the US-led war against the Islamic State group.The next chairman of the US Joint Chiefs of Staff will also have to contend with a resurgent Russia, China's growing military might and looming automatic budget cuts that could create headaches for the military.Dunford, 59, currently the commandant of the US Marine Corps, would replace General Martin Dempsey, an army officer who will retire after he finishes his second term as chairman in October.Obama was expected to announce the nomination on Tuesday at the White House, officials said Monday.The chairman of the joint ...

Obama to nominate Gen. Dunford as next Joint Chiefs chairman WASHINGTON: US President Barack Obama plans to nominate Marine General Joseph Dunford as the next chairman of the Joint Chiefs of Staff, the US military's top officer, officials said Monday.Dunford would replace General Martin Dempsey in the post. The formal announcement was expected to take place at the White House on Tuesday, the officials said.Copyright AFP (Agence France-Presse), 2015 ...
US announces $20mn police body-camera program WASHINGTON: US officials on Friday announced a $20-million pilot program to help equip law enforcement agencies across the country with body cameras.The program is part of a general push by American police agencies to outfit officers with cameras to provide clear recordings of arrests, and is part of a proposal by President Barack Obama last year to invest $75 million to purchase 50,000 body cameras.The move comes amid growing calls for transparency and accountability in ...
US bill to pressure Vietnam on rights WASHINGTON: US lawmakers marked on Thursday's 40th anniversary of the fall of Saigon to introduce legislation that would require Vietnam to make tangible human rights improvements before it receives US assistance such as trade benefits.Washington and Hanoi were bitter foes in a war that led to the death of millions of Vietnamese and 58,000 Americans, but ties have improved substantially since the 1990s, particularly on economic issues.With a historic US-Pacific trade accord under negotiation, a ...
NASA pushes back against proposal to slash climate budget WASHINGTON: NASA pushed back on Thursday against a congressional proposal to slash more than $300 million in funding from its branch focused on climate issues.The proposal would cut funding to NASA's Earth Sciences division, which researches the planet's natural systems and processes -- including climate change, severe weather and glaciers.Republican Lamar Smith, who chairs the House of Representatives' Science, Space and Technology Committee presented the proposal earlier in the week.NASA administrator Charles Bolden said that ...
Obama taps Africa hand as USAID chief WASHINGTON: President Barack Obama on Thursday tapped veteran Africa expert Gayle Smith to head the US Agency for International Development, which manages $20 billion of taxpayer money."I've worked closely with Gayle for nearly a decade," Obama said, lauding Smith's "energy and passion."Since 2009 Smith has been a senior adviser on Obama's National Security Council, heading up international development, humanitarian crisis response and democracy issues.Before working at the White House, Smith lived and worked in Africa ...
More than 100 arrested at New York police protests NEW YORK: More than 100 people were arrested in New York at protests over alleged police brutality against African Americans, officials said Thursday. Thousands gathered Wednesday night in New York to demonstrate over the death of Freddie Gray, who succumbed to serious spinal injuries after his arrest in Baltimore. Police in New York said the arrests were for various reasons. "We have more than one hundred people arrested. The reasons are varied, mostly disorderly conduct," ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln