21 October 2014

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Switzerland lowers growth forecasts

Geneva Switzerland has lowered its growth forecast for 2014 from 2.0 to 1.8 percent, the wealthy Alpine nation s statistics agency said on Thursday.The State Secretariat for Economic Affairs, or SECO, also revised down its growth forecast for 2015, from 2.6 to 2.4 percent, suggesting that while Switzerland has survived years of European financial turmoil relatively unscathed, weakness in the eurozone has begun to rub off.

Four killed in Himalayan snowstorm

KATHMANDU: A snowstorm in the Himalayan region of central Nepal has killed three foreign trekkers and a local, while more than 100 others remain out of contact, officials said on Wednesday.“There has been heavy snowfall in the area, up to three feet (91 centimetres),” local police official Ganesh Rai told AFP.Officials rescued 13 trekkers stranded in the storm after the weather cleared on Wednesday, but more than 100 other foreign tourists remain out of contact in Mustang district, Rai said.He said a total of 168

UN chief Ban visits war-scarred Gaza

UN chief Ban visits war-scarred GazaGAZA CITY: United Nations chief Ban Ki-moon made a brief visit Tuesday to war-ravaged Gaza, two days after donor states pledged $5.4 billion in aid to rebuild it after a devastating Israeli offensive.He was driven through the ruins of Gaza City´s Shejaiya neighbourhood and the nearby Jabaliya refugee camp, the scenes of some of the heaviest Israeli shelling in this summer´s conflict.Tens of thousands of Palestinians were displaced by the destruction, and on Tuesday people

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