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Author Archives: CT Report

US trade gap rises 3.4% to $43.9b

NEW YORK: The U.S. trade deficit widened unexpectedly in October as exports fell to a three-year low, suggesting that trade could again weigh on economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap rose 3.4 percent to $43.9 billion, a sign that the worst of the drag from a stronger dollar was far from ... Read More »

US Customs seizes 82 bundles of marijuana

NEW YORK: A total of 82 bundles of marijuana were removed from a vehicle Tuesday. The contraband weighed 1,457 pounds and has a street value of $1,165,464. Border Patrol agents assigned to the Hebbronville Border Patrol Station disrupted a drug smuggling attempt Tuesday while working their assigned duties. The incident occurred around 2:45 p.m., when agents responded to suspicious activity ... Read More »

Saudi anti-narcotics squad foils attempt t smuggle 980,000 amphetamine pills

RIYADH: Saudi anti-narcotics squads have foiled an attempt to smuggle 980,000 amphetamine pills which are used to stimulate the central nervous system (CNS). The security forces succeeded in smashing the drug smuggling ring and arrested two Saudi nationals and two Turkish accomplices in Riyadh. The anti-narcotics squads which acted following a tip-off detected a pick-up truck as it was in ... Read More »

Indian air customs arrests man in gold smuggling case

NEW DELHI: A man has been arrested for allegedly trying to smuggle gold valuing about Rs. 27 lakh at Indira Gandhi International Airport (IGIA). The accused was intercepted yesterday by the customs officials after his arrival from Kuala Lumpur. On detailed examination of his baggages and personal search, six pieces of gold total weighing 1.080 kgs and valued at Rs. ... Read More »

6 men arrested in drugs smuggling case

MEXICO: A Cameron County constable said six men who crossed over illegally from Mexico were stranded for 10 days without food and water. They were forced to smuggle bundles of marijuana, and now they’re in Border Patrol custody. The six Mexican nationals were stranded on Long Village Island. The small island is in Port Isabel, right off the Laguna Madre. ... Read More »

Indian authorities seizes Rs 429.84 crore precious metal till Nov

NEW DELHI: Gold smuggling through airports increased in three years to 2014-15 and the government seized Rs 429.84 crore precious metal till mid-November this fiscal at different aerodromes in the country, Parliament was informed today. “There has been an increase in gold smuggling through airports in the period 2012-13 to 2014-15. Seized and confiscated gold is sold through auction and ... Read More »

Customs seizes illegal vessel

PARIS: District Court Judge Curtis V. Gomez today sentenced Alain Rene Leichtnam, 71, a French national, to 24 months in prison for alien smuggling, United States Attorney Ronald W. Sharpe announced via press release this afternoon. Leichtnam also was ordered to serve two years of supervised release, 200 hours of community service and pay a $3,800 special assessment. On August ... Read More »

Air staff arrested in gold smuggling case at airport  

NEW DELHI: An immigration staff posted at international airport here has been arrested for allegedly trying to smuggle into the country gold valued about Rs 46 lakh with the connivance of a passenger. Acting on inputs, the customs officials intercepted the duo near baggage belt while the immigration assistant was taking gold from the passenger who had arrived from Bangkok. ... Read More »

Italian police seize 130kg cocaine

ROME: Finance police in Italy say a 130 kg of cocaine have been seized in Venice, busting a major drug smuggling ring. Nine people were arrested as part of the operation. It is thought the Calabrian mafia was organising the trafficking of the drug from South America, through Sicily and up to northern Italian cities. Prior to the raid, the ... Read More »

Malaysian Customs seizes 500,000 litres of smuggled alcohol in 2015

KUALA LUMPUR: Royal Malaysian Customs Department officers across Selangor have confiscated 530,000 litres or RM4.3 million worth of alcohol brought into the country illegally since January. The Star Online reported annual figures released by Selangor Customs director Datuk Badaruddin Mohamed Rafik. He said Ops Outlet raids on 345 stores, plus 24 containers, bonded trucks and warehouses had netted almost enough ... Read More »

Jamaica Customs collects $119.26b revenue during April-Nov

KINGSTON: The Jamaica Customs Agency says it has surpassed its revenue target for the period April 1 to November 30. Commissioner of Customs, Major (Ret’d) Richard Reese, said collections amounted to $119.26 billion for the period, surpassing the $105.2 billion target set by the Ministry of Finance and Planning. He was speaking at a press conference on Thursday, December 3, ... Read More »

Northern Bahamas Customs donates $1,000 to victims

DERRY: Staff members of the Department of Customs in the Northern Bahamas, made a donation to the victims of Hurricane Joaquin during a press conference at the Department’s head office on Wednesday. The funds raised, over $1,000, came from personal donations. Accepting the cheque on behalf of NEMA, Administrator for West Grand Bahama, Brenda Colebrooke said the gesture was a ... Read More »

Chaman traders protesting against Customs agents, FC

KABUL: Traders in Chaman have closed down shops in protest from customs officials and FC. Pakistan-Afghan border has closed down as well, reported Dunya News. Traders have protested against close down of cross-border movement of due to which traders have started protesting by burning tires at Af-Pak border. NATO and Afghan supply has also been halted due to the border ... Read More »

S.Korea’s EWP buys 100,000 tons of sulphur fuel oil for Dec

SEOUL: Korea East-West Power Co Ltd (EWP)  has bought 100,000 tonnes of Singaporean high sulphur fuel oil for December arrival via two spot tenders closed on Friday, a source from the utility said on Monday. Read More »

Australia’s Port Hedland iron ore shipments to China rise 3% in Nov

SYDNEY: Monthly iron-ore shipments to China through Australia’s Port Hedland rose 3% in November amid a sharp weakening in prices for the raw material used in steel production, port data released on Monday showed. Shipments to China, the world’s biggest importer, reached 31.73-million tonnes last month versus 30.73-million in October, according to the Pilbara Ports Authority. The port, the world’s ... Read More »

National Australia bank plans terms of exit from UK unit

CANBERRA: National Australia Bank Ltd. plans to give its shareholders one security in its U.K. unit CYBG Plc for every four NAB shares they own as part of a plan to exit overseas investments and focus on Australia and New Zealand. National Australia will seek shareholder approval for the demerger Jan. 27, the Melbourne-based lender said in a statement to ... Read More »

Australian Govt to invest $800 mln in boosting innovation

CANBERRA: Australia’s government announced new economic policies today aimed at attracting entrepreneurs from abroad and promoting innovation in an economy that has slowed after a mining boom. Prime Minister Malcolm Turnbull said his government will invest 1.1 billion Australian dollars ($800 million) in creating incentives for innovation and entrepreneurship and promoting the study of science, mathematics and computing in schools. ... Read More »

New Zealand Interactive agrees $200m in Q3 2015

WELLINGTON: Interactive Advertising* in New Zealand passed $200m in a quarter for the first time in Q3 2015. The 21% increase year-on-year was fueled by significant spend increases in the Mobile (98%), Social Media (53%) and Search and Directories (28%) categories. The Display category grew by a relatively modest 8% year-on-year, reaching $36m. Growth in Video advertising spend slowed while Programmatic ... Read More »

Worldwide server shipments in Q3 grew 9.2% YOY

WASHINGTON: Worldwide server shipments in the third quarter grew 9.2% year-over-year, while vendor revenue increased 7.5%, according to Gartner. “The third quarter of 2015 produced growth on a global level with mixed results by region,” said Jeffrey Hewitt, research vice VP at Gartner. “All regions showed growth in both shipments and vendor revenue, except for Eastern Europe, Japan and Latin America. ... Read More »

SCIC announces sale of shares in more companies

HANOI: The State Capital Investment Corporation (SCIC) has announced the sale of shares in more companies under a restructuring plan on its website. Up to 24,714 shares or 38.5 per cent of Nhat Nhat Tan JSC are to be on offer, at VND13,800 (61 US cents) each in an auction on December 30. The company, with VND19 billion ($844,930) of charter ... Read More »