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Australian talks tackle militants' use of social media SYDNEY: The Islamic State group has "global ambitions" and more must be done to tackle its use of social media for recruitment, representatives of governments and technology giants heard in Australia Thursday.Australian Prime Minister Tony Abbott told the regional extremism conference it was vital to find ways to stymie the ideology of extremists who are drawing thousands of foreign fighters to Iraq and Syria."You can't negotiate with an entity like this, you can only fight it," he said of Islamic State, to an audience including high-level officials from 30 nations, as well as Facebook, Twitter and Google. "This is not terrorism for a local grievance, this is terrorism with global ambitions," Abbott said. "The only really effective defence against terrorism is persuading people that it's pointless."We need idealistic young people to appreciate that joining this death cult (IS) is an utterly misguided and wrong-headed way to express their desire to ...

Park postpones US trip as South Korea MERS death toll hits nine SEOUL: South Korean President Park Geun-Hye has postponed a planned trip to the US, her spokesman said Wednesday, amid growing public alarm over the MERS outbreak which has now claimed nine lives. The decision to delay the June 14-18 visit came after Park's administration came under fire for its alleged insufficient response to the crisis."President Park decided to postpone the US trip in order to help end the outbreak of MERS and take care of ...
South Korea reports 7th MERS death, vows to end outbreak SEOUL: South Korea reported its seventh death Tuesday from Middle East Respiratory Syndrome (MERS) as the government, concerned at the economic impact, said it hoped to halt the outbreak of the virus by the end of the week.Eight new infections brought the total number of cases to 95 in the largest outbreak outside Saudi Arabia, following the diagnosis of the first patient back on May 20.The virus has caused widespread public anxiety and led to ...
Nepal parties reach long-awaited charter deal after quake KATHMANDU: Nepal's rival political parties have struck a historic deal on a new constitution that will divide the country into eight provinces, ending years of deadlock, a minister said Tuesday.The deal comes weeks after an earthquake that killed thousands and devastated the country, adding to the pressure on politicians to end the long-running stalemate.Lawmakers have missed a series of deadlines to draft a new national charter following a decade-long Maoist insurgency that left an estimated ...
'No possibility' of survivors in China ship sinking: official JIANLI: Authorities admit there is no hope for more survivors from a capsized Chinese cruise ship, as cranes on Friday slowly raised the sunken vessel with exhausted relatives preparing themselves for further agony.Just 14 of the 456 people on board the Eastern Star were rescued after it sank on the Yangtze River late Monday, and "comprehensive research and analysis of the facts" showed the chances of finding anyone still alive were "increasingly slim", a transport ...
Japan PM to pledge 26pc greenhouse gas cut TOKYO: Japanese Prime Minister Shinzo Abe said on Tuesday he would pledge a 26 percent cut in the country's greenhouse gas emissions, ahead of a global summit on climate change this year.Abe also promised to take a "leading role" in the international drive to reduce pollutants blamed for global warming."This is an ambitious target which is no way inferior to other countries internationally," Abe said in a climate change cabinet meeting Tuesday.The plan "reflects the ...
Ship with over 450 on board sinks in China's Yangtze BEIJING: China mounted a rescue operation Tuesday after a passenger ship reportedly carrying more than 450 people sank in the powerful Yangtze river after being hit by stormy weather. Broadcaster CCTV said that one body had been recovered, and just 10 people rescued so far from the Dongfangzhixing, or "Eastern Star" which sank late Monday en route from the eastern city of Nanjing to the southwestern city of Chongqing.In a report that raised hopes of ...

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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln