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Syrian army committing rights abuses: UN panel
DAMASCUS – A UN panel said Thursday the army was to blame for most rights abuses in the latest violence that has swept Syria, as a watchdog reported renewed military shelling of a rebel bastion.Syria’s main opposition bloc began searching ...
Kuwait MPs accuse FM of violations
KUWAIT CITY — Kuwaiti opposition MPs accused Finance Minister Mustafa Al-Shamali Thursday of being responsible for wide-ranging violations that are estimated to have cost the Gulf state billions of dollars.They also charged that the state-run pension fund, headed by him, ...
US hails Arab Spring but warns of instability
WASHINGTON — The United States hailed on Thursday last year’s “Arab Spring” popular revolutions in the Middle East but said instability and violence often precede greater respect for human rights.In its annual survey of human rights around the world, ...
Stocks fall on Greece exit worries
BANGKOK — World stock markets wavered Thursday as the lack of a breakthrough in Europe’s attempts to shake off its debt crisis kept sentiment gloomy.Worries over Greece intensified after European leaders adjourned a summit without taking concrete measures to prevent ...
German business confidence falters as debt crisis bites
FRANKFURT — Business confidence in Germany dropped for the first time in seven months in May, as companies become increasingly spooked by the long-running eurozone debt crisis, data showed Thursday.The Ifo economic institute said its closely watched business climate index dropped ...
Sony to dissolve LCD panel deal with Sharp
TOKYO — Troubled electronics giants Sony and Sharp said Thursday they would dissolve their liquid crystal display joint venture, as the sector in Japan struggles with a strong yen and cheaper foreign rivals. The expected move comes two months after ...
Q1 UK economy contracts by 0.3%
LONDON — Official figures show that Britain’s economy contracted more than first estimated, shrinking by 0.3 percent in the first quarter from the previous three month period. The Office for National Statistics on Thursday revised its estimate from the 0.2 ...
revenue and nominal GDP
Riyadh —  Strong oil prices boosted Saudi Arabia’s GDP per capita income to a record high level of more than $20,000 in 2011 but the level remained a fraction of the per capita in neighbouring Qatar and the UAE.Despite a ...
UAE top region in enabling trade
Dubai — The UAE continues to lead the Arab region and is ranked 19th globally in the Global Enabling Trade Report 2012 released by the World Economic Forum (WEF). It also figures among the top 10 nations in Efficiency of Import-Export ...
MasterCard loses challenge against ruling
LUXEMBOURG — Europe’s second-highest court Thursday threw out MasterCard’s challenge of a European Union ban on its cross-border credit card fees.The court ruling could spur EU antitrust regulators to pursue other card companies such as Visa Europe, the European licensee of ...
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