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US Customs seizes 90 pounds of synthetic drugs in past two months at Miami International Airport

MIAMI: U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) officers working at Miami International Airport have seized a combined total of 90 pounds of synthetic drugs over the past two months.  The seizures have all resulted from the inspection of mail parcels arriving through the international mail facility.Drugs seized by CBP officers in Miami. CBP officers assigned ... Read More »

US Customs seizes hard drugs worth $273k

TUCSON: Customs and Border Protection officers arrested a Mexican national for an alleged attempt to smuggle almost 38 pounds of cocaine, heroin and methamphetamine through the Port of Nogales on Tuesday.Cocaine, heroin and meth were removed from a smuggling vehicle that was referred for further inspection at the DeConcini crossing Officers at the Dennis DeConcini crossing referred Martha Georgina Padilla-Lopez, ... Read More »

US Customs seizes meth, cocaine worth $405,760

SALTON CITY: El Centro Sector Border Patrol agents assigned to the Indio Station arrested a man suspected of drug smuggling at the Highway 86 checkpoint after they discovered packages of cocaine and methamphetamine hidden in the fuel tank of the vehicle on Wednesday. The incident occurred at approximately 11:30 a.m., when a 22-year-old man approached the checkpoint driving a white ... Read More »

Russia to start exporting cancer treatment microsources to EEU, Middle East

MOSCOW: In June 2014, Russia launched a unique production of full cycle microsources for the treatment of prostate cancer with low dose brachytherapy. The high-tech complex, total investments in which amounted to 688 million rubles ($8.7 million), was established in Dubna, the international nuclear physics research center and one of the largest scientific foundations in Russia. “Since 2016, it is ... Read More »

Russian inflation drops below 10% for first time in 14 months

MOSCOW: The annual inflation in Russia has fallen into single digits in February for the first time since December 2014, the Interfax news agency reported here the other day. In 2015, inflation in Russia reached 12.9 percent — the highest recorded rate since 2008, Rosstat said. Based on official statistics data gathered between Jan. 26 and Feb. 1, Interfax reported ... Read More »

Russia’s Transneft resumes oil export from Novorossiysk

MOSCOW: Transneft has resumed oil export from the port of Novorossiysk after the storm, official representative of the Russian oil pipelines operator Igor Dyomin told TASS here the other day. “Yesterday at 19:20 we resumed shipment in the port of Novorossiysk. However, the weather is unstable and tomorrow we expect its deterioration,” Dyomin said. Dyomin said that the shipment in ... Read More »

TiO2 imports into Russia dropped by 17% in 2015

MOSCOW: Imports of titanium dioxide (TiO2) into Russia dropped by 17% in 2015. Total consumption of titanium dioxide in Russia reached 64,500 tonnes last year, as per MRC DataScope. The fall in the external supply occurred for the producers from non-CIS countries. At the same time purchases of TiO2 produced by Crimean Titan and SumyKhimprom, on the contrary, increased last ... Read More »

Bank of England votes 9-0 to keep interest rates on hold

LONDON: The prospect of a UK interest rate rise has receded further after the Bank of England cut its forecasts for growth, wages and inflation. However, the governor, Mark Carney, warned borrowers against getting too comfortable with rock-bottom rates. Carney quashed recent market speculation that a global economic slowdown could prompt a rate cut. But at the same time, the ... Read More »

Google tax deal under fire as it emerges figure included share options scheme

LONDON: George Osborne’s claim that the government secured a major corporation tax deal with Google appear to be unravelling after it emerged that a quarter of the £130m recovered by HM Revenue & Customs related to the US company’s share options scheme. Filings by Google’s UK subsidiary show that £33m of the funds paid to the Treasury followed a wrangle ... Read More »

Pak-Iran preferential trade deal should be activated: Iranian envoy

ISLAMABAD: Ambassador of Iran to Pakistan, Mehdi Honardoost has urged the Pakistani private sector to set up efforts for promoting trade with Iran as both neighbors have immense potential to enhance two-way trade in many areas. He said Iran-Afghanistan bilateral trade was over $2 billion, but Pak-Iran bilateral trade of around $270 million was very low despite huge potential and ... Read More »

Jakarta caps foreign stake in air, sea ports at 49%

JAKARTA: Indonesia is open to more foreign investors in its transport services sector but it will limit foreign ownership of its air and sea ports to just under 50 per cent, said Transportation Minister Ignatius Jonan. “This is a sovereignty issue because the port would not only control the land, it will also be in charge of the airspace above ... Read More »

Global smartphone shipments cross 1.43b in 2015

WASHINGTON: A total of at least 1.4 billion smartphones were reported to have been shipped globally in the year 2015, giving the sector a new record. Most of the shipments contained Chinese handsets. The recorded shipment is said to be above 10% higher than the unprecedented 1.43 billion. This information is from the preliminary figures released by the International Data ... Read More »

Consumer prices in Uruguay rise 2.45% in Jan

LONDON: Consumer prices in Uruguay rose 2.45 percent in January compared with the previous month, official data showed on Wednesday, fractionally higher that the median forecast in a central bank poll of economists. The central bank forecast was for an increase of a 2.40 percent increase in prices. The increase in the consumer price index was driven by an increase ... Read More »

Australia iron ore shipments to China fall 17.6%

SYDNEY: Shipments of iron ore to China from Port Hedland, Australia, which handles a fifth of the world’s seaborne iron ore trade, fell 17.6 percent in January from the previous month after a tropical cyclone closed the port temporarily, port data showed. Tropical Cyclone Stan made landfall as a Category 2 storm early Sunday about 120 km (75 miles) northeast ... Read More »

Australia’s inflation likely to accelerate modestly in 2016

CANBERRA: Monetary conditions in Australia are expected to be accommodative in the coming quarters with the interest rate at the record low level of 2%. The Reserve Bank of Australia’s policymakers stated that the lower-than-target inflation outlook might give the central bank room for additional easing of the policy. “We expect a 25 basis point reduction in the benchmark interest ... Read More »

Food inflation in shock rise to 8.7%

JOHANNESBURG: Food prices in South Africa rose by an average of 8.7 percent between December 2014 and December 2015 and neighbouring Lesotho yesterday declared a national emergency as the drought continued to hit farming communities across the southern African region. The food basket survey released yesterday by the Markets and Economic Research Centre (MERC) showed that prices have exceeded the ... Read More »

ING, DBS sees January inflation barely moving

MANILA: Singapore-based DBS Bank Ltd. and Dutch financial giant ING Bank expect inflation in the Philippines to have barely moved last month amid the continued fall in the price of oil in the world market. DBS economist Gundy Cahyadi said inflation likely remained unchanged at 1.5 percent in January from 1.5 percent in December amid the continued softening of oil ... Read More »

Russian inflation falls 10% for first time in 14 months

MOSCOW: The annual inflation in Russia has fallen into single digits in February for the first time since December 2014, the Interfax news agency reported Wednesday. In 2015, inflation in Russia reached 12.9 percent — the highest recorded rate since 2008, Rosstat said. Based on official statistics data gathered between Jan. 26 and Feb. 1, Interfax reported that the annual inflation ... Read More »

PM meets Jordanian Turkish business council

AMMAN: Prime Minister Abdullah Ensour on Thursday met with the Joint Jordanian-Turkish Business Council that comprises the Jordanian Businessmen Association and the Turkish Economic and Foreign Relations Council . At the meeting which was attended by the ministers of water and irrigation energy and mineral resources trade industry and supply transport and president of the Jordan Businessmen Association Ensour highlighted ... Read More »

Iraq Kurds to pay partial salaries due to economic crisis

BAGHDAD: Iraq’s Kurdish region has announced it will pay only partial salaries to all government employees except security personnel as it struggles with an economic crisis due to low oil prices. The autonomous region in northern Iraq, like the rest of the country, has been suffering from the huge drop in oil prices since mid-2014. Kurdish leader Massud Barzani this ... Read More »