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Obama in confab with US team at Iran nuclear talks WASHINGTON: President Barack Obama spoke Wednesday to Secretary of State John Kerry and other members of the US delegation in Vienna thrashing out the fine details of a historic nuclear agreement with Iran.A terse White House statement gave little away about the content of the "secure video conference," which came as the West upped the pressure on Tehran in a high-stakes game of diplomatic brinkmanship."The president reviewed the progress of negotiations to date and provided guidance related to our ongoing efforts to achieve a good deal between the P5+1 and Iran that meets our requirements," said the one-paragraph statement, adding that Obama had his national security team with him.Global powers are chasing a deal curbing Tehran's nuclear ambitions and ending a 13-year standoff over suspicions Iran has sought to develop a nuclear bomb -- allegations it has long denied.Iran and six world powers on Tuesday effectively gave themselves until Friday ...

Colombia president replaces top military leaders BOGOTA: President Juan Manuel Santos has replaced Colombia's top military leaders, days after the release of a Human Rights Watch report alleging complicity by the country's top brass in extrajudicial killings of civilians.In a press conference Monday, Maduro announced that General Jaime Alfonso Lasprilla, head of Colombia's army, would be replaced by General Alberto Mejia Ferrero.The head of Colombia's navy, Admiral Hernando Wills, will be replaced by Admiral Leonardo Santamaria, Santos said. General Carlos Bueno, ...
White House calls on Greece, EU to find compromise WASHINGTON: The White House urged Greece and EU leaders Monday to find a compromise to keep the cash-strapped country in the eurozone, after Greeks voted resoundingly to reject an austerity-based bailout."The referendum is over, but our view here at the White House remains the same," said spokesman Josh Earnest.EU and Greek officials need "to agree to a package of reforms and financing that would allow Greece to be on a path toward debt sustainability but ...
US train with toxic chemicals derails, catches fire WASHINGTON: A train carrying toxic chemicals derailed in Tennessee and caught fire, prompting a large-scale evacuation, firefighters said Thursday.The train derailed near Maryville, close to the city of Knoxville, carrying acrylonitrile, a flammable, toxic compound that poses respiratory risks, firefighter Kermit Easterling said.Some 5,000 residents are being evacuated, and firefighters are going door to door wearing breathing equipment to get people away from the fire, he said.Firefighters are not battling the flames because of the ...
US, Cuba diplomatic posts witnessed decades of Cold War drama WASHINGTON: The buildings that will become US and Cuban embassies in their neighbor's respective capitals on July 20 have seen over five decades of Cold War protests, provocations and strains.Now, with the longtime enemies finally putting aside all that enmity, Presidents Barack Obama and Raul Castro have exchanged letters agreeing to restore full diplomatic ties.Legally, both countries are currently represented by an "interests section" within the embassies of Switzerland.But the facilities in question in Havana ...
Obama gives nod to Black Keys, and maybe a White House invite WASHINGTON: Garage rockers The Black Keys may have won themselves an invitation to play the White House after President Barack Obama declared himself a fan of the duo.While answering questions Wednesday on Twitter, Obama was asked about his music selections and replied he was listening to The Black Keys' 2011 hit "Lonely Boy" and classic hip-hop duo Outkast's track "Liberation."The Black Keys replied online by asking if they could use Air Force One for their ...
US, Cuba reach deal to reopen embassies WASHINGTON: The United States and Cuba have reached a deal to reopen embassies in Washington and Havana, in a major step toward ending decades of Cold War enmity.President Barack Obama is expected to issue a statement at 11:00 am (1500 GMT) Wednesday in the White House Rose Garden about the deal, which constitutes one of the major foreign policy achievements of his presidency."We will formally announce tomorrow that the United States and Cuba have reached ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln