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California beach town cleans up after oil spill SANTA BARBARA: A small army of clean-up workers toiled Friday to scoop up crude oil deposits from a picturesque California beach, three days after a pipeline rupture unleashed thousands of gallons into the ocean.The scenic Refugio State Beach and its neighbor El Capitan would usually be swarming with tourists over America's Memorial Day weekend, but were closed until further notice following Tuesday's spill.Plastic bags filled with blackened sand piled up, and the stench of oil could be smelled from miles around. Workers had made significant progress on the beach but rocks remained coated in oil."The beaches are starting to look a lot better than they did a couple of days ago, but still it will be a long process," said David Mosley, a Coastguard spokesman. "Something like that, it can take days or weeks to get back to pre-spill."Some 300 clean-up workers have been mobilized and new teams are still ...

Bacteria blamed in indigenous Mexican baby deaths MEXICO CITY: Bacteria -- and not a contaminated vaccine as initially suspected -- were to blame for the recent deaths of two Mexican babies and for sickening 29 others, according to an official investigation.The babies, from the indigenous town of Simojovel in southern Chiapas state, became sick after receiving Hepatitis B shots earlier this month. Mexican health authorities said Friday that studies carried out on the babies detected a type of Staphylococcus bacterium that is ...
US Senate approves fast-track trade authority for Obama WASHINGTON: The US Senate overcame bitter divisions on trade policy Friday and passed legislation that gives President Barack Obama authority to swiftly forge international trade pacts, including a landmark Pacific Rim accord under negotiation.The measure now heads to the House of Representatives where its fate is uncertain.While Senate passage is a dramatic victory for Obama, the bill clearly faces a fierce debate in the lower chamber, where lawmakers signalled there is intense opposition from within ...
Canada inflation drops to 0.8pc in April OTTAWA: Low oil and gas prices brought inflation down in April but Canadians paid more for almost everything else, the government statistical agency said Friday.The consumer price index fell to 0.8 percent in the month, according to Statistics Canada. Analysts had expected a rate of 1.0 percent after it was 1.2 percent in March.Statistics Canada said the prices of meat, fresh vegetables, restaurant meals, passenger vehicles, clothing and footwear increased.Gasoline, natural gas and mortgage interest ...
Obama praises US senators for 'big step forward' on trade WASHINGTON: US President Barack Obama praised US senators on Thursday for advancing legislation that would help him complete a trade pact with Asian countries, a major policy priority for the White House. "I want to thank a bipartisan group of senators who took a big step forward this morning on a trade agenda that is consistent with strong labor standards, strong environmental standards," Obama said at the beginning of a meeting with members of his ...
BP oil spill caused dolphins' lung disease, deaths: study MIAMI: Dolphins swimming in the oil-contaminated waters of the Gulf of Mexico after the 2010 BP spill suffered unusual lung lesions and died at high rates because of petroleum pollution, US scientists said Thursday.The latest findings in the journal PLOS ONE present the strongest evidence to date that the environmental disaster that was unleashed when the BP-leased Deepwater Horizon rig exploded on April 20, 2010, pouring 4.9 million barrels of oil into the ocean, was ...
One US Marine dead, 21 hurt in 'hard landing' WASHINGTON: One Marine was killed and 21 others required hospital treatment after their MV-22 Osprey aircraft made a "hard landing" during training in Hawaii on Sunday, the US military said.The "mishap" was under investigation, a Marine statement said, and residents told local media they saw thick, black smoke rising from the area around Bellows Air Force Station."Twenty-two Marines were aboard at the time and all other 21 have been transported to local hospitals for assessment ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln