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Business - Euro zone trade surplus rises in July on growing exports

The euro zone`s trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter, the European Union`s Statistics office data showed. Eurostat said the non-seasonally adjusted external trade surplus of the 18 countries sharing the euro was 21.2 billion euros (27.39 billion US dollar) in July, up from 18.0 billion in July 2013. The seasonally adjusted trade balance was a 12.2 billion surplus, down from 13.8 billion in June and 15.2 billion in May. There was no detailed data for July yet, but Eurostat said that in the first six months of the year the euro zone`s trade deficit narrowed to 144.9 billion euros from 157.8 billion in the first six months of 2013. The trade deficit with Russia, Europe`s main oil and gas supplier, rose slightly to 31.7 billion euros in the January-June period from 29.5 billion in the same period of 2013, because euro zone experts to Russia tumbled 14 percent and the value of imports fell only 6 percent.

Monday, September 15, 2014  10:23


Top Stories - Scots have courage to leave, by Brian Cox

People of Scotland finally show some political will, writes actor.

Monday, September 15, 2014  10:23


World - Ukraine hosts US-led military drills as truce teeters

US-led military exercises began in Ukraine on Monday as fighting rumbled on in the restive east between government forces and pro-Russian rebels, despite a 10-day-old ceasefire. Civilian casualties were reported in heavy shelling around the rebel stronghold of Donetsk in eastern Ukraine on Sunday, with Kiev accusing the separatists of jeopardising the truce by intensifying attacks against government positions. In a show of solidarity for the pro-Western leadership in Kiev, soldiers from 15 nations including the United States began military exercises dubbed `Rapid Trident 14` near the western city of Lviv on Monday, about 620 miles (1,000 kilometres) from the conflict in Donetsk.

Monday, September 15, 2014  10:05


World - New Zealand dismisses Snowden`s claim it planned mass domestic spying

New Zealand was preparing to conduct mass domestic surveillance last year, a U.S. The accusations by Glenn Greenwald were based on evidence disclosed by former U.S. National Security Authority contractor Edward Snowden that Key`s center-right government planned to exploit amended spying laws to sharply widen domestic spying. Greenwald said the NSA documents showed New Zealand`s electronic spy agency took the first steps towards the surveillance in a project dubbed `Speargun`, by tapping into an undersea telecoms cable into the country, while waiting for the legal authority to do so.

Monday, September 15, 2014  09:47


Europe - Traitors in Putin`s Russia

Russian TV debut for man wanted over Litvinenko killing

Monday, September 15, 2014  09:29

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