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Russia arms sale to Iran shows economic weakness: US WASHINGTON: The White House suggested Thursday that Moscow's move to lift its ban on supplying anti-aircraft systems to Iran shows the weakness of Russia's sanctions-hit economy. This month, Russia lifted a ban on selling Iran its advanced S-300 missile system, triggering concern that this could embolden Tehran in its nuclear stand-off with the West. White House spokesman Josh Earnest reiterated US concerns Thursday, and said the administration had spoken to senior government officials in Russia about the decision. But he suggested Moscow may have been driven by economic desperation rather than just a desire to stir trouble for the West. "It isn't a particular surprise that Russia may be pretty desperate to generate some income," Earnest told reporters. "It actually does indicate that Russia's willingness to engage in a controversial transaction like this one is an indication of how weakened their economy has become."Russia has been placed under a mounting ...

New York protesters demand $15 minimum wage NEW YORK: Thousands of demonstrators, including many fast-food workers, protested in New York on Wednesday demanding a minimum wage of $15 an hour to escape poverty in America's largest city.Fast-food workers held strikes in more than 230 American cities, joined by airport, construction and child care staff, as well as people working in education, organizers said, calling it the largest mobilization of underpaid workers in the US. Between 10,000 and 15,000 took part in the ...
Obama pledges US aid in wiping out last traces of Ebola WASHINGTON: President Barack Obama met on Wednesday met with the leaders of three Ebola-stricken West African nations, vowing US help in wiping out the last vestiges of the often deadly disease."We begin by noting the incredible losses that took place in all three countries," Obama said during his meeting with Liberian President Ellen Johnson Sirleaf, Guinean President Alpha Conde, and Sierra Leonean President Ernest Bai Koroma."On behalf of the American people, we want to express ...
Clinton father's gravestone toppled: police NEW YORK: The gravestone of Hillary Clinton's late father was pushed to the ground in a Pennsylvania cemetery after his daughter announced her second run for the presidency, police said Wednesday.Hugh Rodham, who managed a textiles business and died in 1993, is buried in the Washburn Street Cemetery in the Pennsylvania town of Scranton, which is largely Democrat.A friend of the Clintons who takes care of the grave discovered Tuesday that the headstone had been ...
UN urges exhumation of bodies from mass burial KINSHASA: The UN said Wednesday it has urged the Congolese authorities to exhume hundreds of bodies buried in a mass grave near Kinshasa, to find out how they died.Last month, at least 421 bodies were found in a mass grave in Maluku near the Democratic Republic of Congo's capital, which local authorities said contained hundreds of dead babies and foetuses.he affair has raised alarm in DR Congo, while rights groups and the EU have called ...
US chief justice called for jury duty WASHINGTON: Even the head of the highest court in the land has to report for jury duty.John Roberts, the chief justice of the US Supreme Court, showed up for jury duty Wednesday in a Maryland county court in the Washington suburbs, Supreme Court spokeswoman Kathy Arberg told AFP.But after responding to several questions aimed at vetting potential jurors for a civil case, he was not selected. Roberts, who has presided over the US Supreme Court ...
Obama moves to drop Cuba from terror blacklist WASHINGTON: President Barack Obama is set to remove Cuba from a list of state sponsors of terrorism, in a landmark step paving the way towards restoring ties frozen for five decades.Obama on Tuesday notified Congress of his "intent to rescind" Cuba's inclusion on the blacklist, after a lengthy review launched late last year as Washington openly began a rapprochement with its Cold War foe.US lawmakers now have 45 days to oppose the move; otherwise, it ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln