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US Airways plane makes unusual belly landing at Newark airport


NEWARK, New Jersey |
Sat May 18, 2013 1:51pm EDT

NEWARK, New Jersey (Reuters) – A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane’s landing gear failed to deploy, but no one was injured, airline and government officials said.

Piedmont Airlines flight 4560, operating for US Airways from Philadelphia with 34 passengers and three crew members, landed safely at 1 a.m., and passengers were evacuated on the tarmac and transported to the terminal, a Federal Aviation Administration spokeswoman said in an email.

Belly landings are unusual and dangerous because of the threat of fire from the plane fuselage skidding on a hard surface, according to aviation experts.

The airport was closed for more than an hour, and the runway was closed for more than eight hours following the incident, officials said.

The National Transportation Safety Board said in a Twitter post that it was investigating. A US Airways spokesman said the plane is a Dash 8-100 with a capacity of 37 passengers. The plane was made by De Havilland of Canada, which is owned by Bombardier Inc.

The plane left Philadelphia late on Friday night and the pilot made an emergency declaration after the left main landing gear failed to deploy, according to airline and FAA officials. The pilot circled the airport and then decided to land with no gear deployed.

The incident comes nearly three weeks after a Scandinavian Airlines plane with 252 people on board clipped the wing of an ExpressJet, operated by Skywest Inc., with 31 passengers as they were preparing to take off from the same airport. There were no injuries.

(Reporting by David Jones; Editing by Greg McCune and Eric Beech)

© 2011 REUTERS (www.reuters.com)

Pimco reduce posiciones en deuda de España e Italia

Pacific Investment Management Co., el fondo de bonos más grande del mundo, redujo sus tenencias de deuda soberana española e italiana, en medio de un fuerte repunte en ambos mercados este mes.

La firma de gestión de dinero ha estado vendiendo deuda europea en las últimas dos semanas como parte de reducción generalizada en la exposición a activos de riesgo en los mercados de renta fija, dijo Andrew Balls, titular de gestión de cartera europea de Pimco, en una entrevista concedida el miércoles a The Wall Street Journal.

Balls declinó especificar el monto en dólares que Pimco ha vendido en bonos españoles e italianos. Pimco gestiona más de US$2 billones en activos globales.

El ejecutivo dijo que el repunte en los precios de la deuda italiana y española —que hace poco arrastró el rendimiento de la deuda a 10 años a su nivel más bajo desde 2010—, fue impulsada por la inyección de liquidez de los principales bancos centrales, que por el momento ha eclipsado los problemas fiscales y económicos de la eurozona.

“Este repunte, inspirado por los bancos centrales, ha encarecido los mercados”, dijo Balls. “Los rendimientos podrían caer aún más en España e Italia, pero hemos vendido porque todavía nos preocupan los fundamentos en la eurozona”.

Balls agregó que, tras su reciente venta, las posiciones de Pimco en deuda española e italiana, en algunas carteras, van ahora “desde ‘neutra’ a algo por ‘debajo de ponderación del mercado’”, mientras que la exposición a otras carteras sigue siendo “desde ‘neutra’ a algo ‘sobre ponderación del mercado’”.

Pimco tomará importantes decisiones sobre su cartera general en su reunión anual, programada para el mes entrante, indicó Balls.

Agregó que los rendimientos en España e Italia deben subir en forma significativa antes que evaluar nuevas compras. Pimco tampoco tiene bonos soberanos de Grecia, Portugal e Irlanda, pese a que también han registrado alzas.

El miércoles, el bono italiano a 10 años rendía 4,01%, mientras que su contraparte español a igual plazo rendía 4,3%.

© 2011 Wall Street Journal (www.wsj.com)

Quirky Brand Takes the Stage

London

Many of Twenty8Twelve’s clothes—like ripped jeans, oversize tops and scarves—faintly evoke the style of its famous backer: actress, model and paparazzi-magnet Sienna Miller. But, shhh, the brand isn’t advertising that Miller sister’s connection.

William Widmer for The Wall Street Journal

Savannah Miller is creative director of Twenty8Twelve, started in 2007.

Instead, Twenty8Twelve relies mainly on Savannah Miller, a fashion designer whose styles are grabbing shelf space in high-end department stores from Seattle-based Nordstrom Inc.

to London’s Liberty PLC. The brand also has secured a regular slot at London Fashion Week, set to begin in the British capital on Friday.

Savannah and Sienna Miller launched the Twenty8Twelve line in 2007, a time of looming financial crisis when even die-hard shoppers were rethinking their spending habits. The brand has had to struggle through the slump, expanding only cautiously, refraining from opening the stores it covets in the U.S. and suspending an unprofitable accessories range. Helping it through the tough times has been the financial and logistical support of its owner, Barcelona-based denim maker Pepe Group.

[MILLER2]

Twenty8Twelve

Sienna Miller models Twenty8Twelve’s whimsical garb.

But Twenty8Twelve has mostly avoided relying on Sienna Miller’s fame, despite the fact the line is named for her birthday, Dec. 28. Although Sienna Miller does model the brand’s clothes, she doesn’t appear in ad campaigns and neither are there pictures of her in Twenty8Twelve’s two London stores.

“We wanted it to be a proper label, with its own identity, rather than just emptying out Sienna’s cupboard and recycling her vintage skirts,” said Savannah Miller, who trained at Central Saint Martins College of Art and Design and previously worked for the late Alexander McQueen.

London Fashion Week has long been known for edgy and unconventional looks. It has brought out talents such as Mr. McQueen, John Galliano and Stella McCartney, but most of those designers moved on, leaving London with small, eclectic brands such as Betty Jackson, Antonio Berardi and Twenty8Twelve, which all feature on this weekend’s catwalk calendar. Though more vulnerable to economic hardship than brands owned by the powerhouses of Paris or Milan, observers say quirky labels such as the Millers’ appeal to shoppers tired of the polished, homogenized look churned out by large conglomerates. Burberry Group PLC, the biggest brand showing at London Fashion Week, recently returned here after staging its shows in Milan.

[MILLER3]

Twenty8Twelve

Although the actress is a partner, the firm has avoided playing on her famous name.

Buyers for stores say Twenty8Twelve showcases a uniquely British style that is more whimsical and bohemian than the more polished and sportier looks popular in New York, or the perfectly matched outfits worn in Milan. But the line also features, for example, a sharply tailored black coat for £500 ($770), some classic cocktail dresses and a short, boxy, office-appropriate jacket for £245.

“Twenty8Twelve offers a nice range of styles that appeal to a variety of girls, which is why it’s perfect for Shopbop,” said Kate Ciepluch, fashion director at online retailer Shopbop.com.

Twenty8Twelve’s annual sales now total $13 million, of which $1.5 million come from its two London stores and the rest from wholesale accounts. The company makes money “depending on the year, and the month,” said Nish Soneji, managing director of Pepe Jeans. Last year, it lost money.

Fashion Forecast

After the last show in New York Thursday, retail executives and fashion magazine editors fly to London where the shows continue Friday. Some highlights:


  • London – Sept. 17-22 Burberry, an industry leader in using the Web to make its shows and clothing broadly available.

  • Milan – Sept. 22-28 Gucci, Dolce Gabbana and Armani

  • Paris – Sept. 28-Oct. 6 Lanvin, Chanel

If Twenty8Twelve made full use of Sienna Miller’s star power, industry consultants say, it would become part of her extensive global media presence and lose its individualistic edge. One of the few celebrity brands currently succeeding, the Elizabeth and James line by Mary-Kate and Ashley Olsen, also plays down the personalities of its creators.

In addition, the turns of Sienna Miller’s career and personal life would overshadow the brand’s design qualities and could serve as a double-edged sword, consultants say. On one hand, she has been a successful model, appearing on the cover of Vogue that was featured in the documentary “The September Issue.” But her film career has never fully taken off, and her on-and-off relationship with actor Jude Law, for example, has at times generated unflattering tabloid coverage.

Sienna Miller declined to comment for this article

In 2006, two years after starring in the movie “Alfie” with future boyfriend Mr. Law, Sienna Miller signed a two-year contract to become the face of Pepe Jeans. As her relationship with Mr. Law and her own quirky style made her one of the world’s most photographed women, Pepe owner Carlos Ortega approached the sisters about starting a brand. Their first collection came out in 2007; the inaugural catwalk show two years later.

“What distinguishes Twenty8Twelve from a celebrity line is that it is actually designed, season after season,” said Ed Burstell, managing director of London department store Liberty, which says the line is continuously among its 10 top-selling brands. “It sits side-by-side with other collections and holds its own. It’s not a capsule collection that comes and goes.”

© 2011 Wall Street Journal (www.wsj.com)

San Marino country profile

Landlocked San Marino is one of the world's smallest countries. Surrounded by Italy, it is an echo from an era when city-states proliferated across Europe.

Mount Titano, part of the Appennine range, dominates San Marino's landscape. Three defensive fortresses perch on Titano's slopes, looking out to the Adriatic coast.

San Marino is said to be the world's oldest surviving republic.

Tradition has it that the country was founded in the fourth century AD by a devout Christian stonemason called Marinus, who took refuge there and set up a small community. Its rugged isolation helped the enclave to develop and keep its independence.

An 1862 friendship and cooperation treaty with Italy, which has since been revised and expanded, reinforced San Marino's independence.

Tourism dominates the economy of the 61 square kilometre (23.6 square miles) republic, which plays host to more than three million visitors every year.

Postage stamps and coins – keenly sought by collectors – are important sources of revenue.

As one of Europe's tax havens, San Marino has traditionally attracted a large inflow of cash from non-residents, but in the wake of the global financial crisis of 2008-9 this status has come increasingly under threat, and the republic has pledged to make its banking system more transparent.

© 2011 BBC News (www.bbc.co.uk)

Dubai stripped of its skyscrapers: Discovery Channel peels back the steel

Article continues below

Ahmad Al Matroushi, Managing Director of Emaar Properties, said: “The landmarks of Dubai have become a reference point for architects, engineers and designers across the world with the city pioneering some of the foremost projects to date. Through Strip the City, viewers will have the opportunity to gain an understanding of the fascinating scientific and technological breakthroughs that have helped the city in achieving its towering ambitions.”

The episode on Dubai will be telecast at 10.55pm on OSN channel 500 on May 19. Other major cities covered in the series are London, Rome, San Francisco, Sydney and Toronto.

Kasia Kieli, President and MD, Discovery Networks CEEMEA said: “When we chose the cities to include we knew we had to include Dubai with it now being an iconic super-city of the future.”

© 2011 Gulf News (www.gulfnews.com)

Classes canceled to deal with race issues

The sighting of the person wearing a white hood and robe was reported early Monday morning and follows a string of recent hate incidents on Oberlin’s campus that have ignited shock and confusion among the student body.

“Since the beginning, there’s been anger, frustration, sadness and fear, but we’ve been working toward a concentrated effort toward change,” said Eliza Diop, 20, a politics and Africana Studies major who serves on the college student senate and is a resident of the Afrikan Heritage House, which offers programs focused on the African diaspora, according to the college’s website.

Oberlin College is a small liberal arts college in Oberlin, Ohio, with almost 3,000 students. An emergency meeting among the college’s officials was immediately called after the report.

In lieu of classes, college administrators asked students, faculty and staff to “gather for a series of discussions of the challenging issues that have faced our community in recent weeks,” a statement on Oberlin’s website said.

“We hope today will allow the entire community — students, faculty, and staff —to make a strong statement about the values that we cherish here at Oberlin: inclusion, respect for others, and a strong and abiding faith in the worth of every individual,” the statement said.

The programming included a campuswide teach-in led by Meredith Gadsby, an associate professor and chairwoman of the Africana Studies Department; a collective demonstration of solidarity, including musical performances by campus groups and speeches by campus leaders; and a community convocation entitled “We Stand Together.”

Gadsby has been teaching at Oberlin since 2000 and was notified of the incident at 3 a.m., just hours after the sighting was reported.

“I am worried about the students who have been made to feel incredibly unsafe and still feel targeted,” Gadsby told CNN Monday.

The reported sighting of KKK regalia is the latest in a spate of incidents on Oberlin’s campus. According to an incident report provided by the Oberlin Police Department, 15 hate-related events have been reported in the last month alone.

Police have not yet been able to substantiate the reports of the alleged KKK regalia sighting.

“We’re looking into it and we’re trying to talk to other students to see if we can verify the incident,” said Oberlin Police Sgt. David Jasinski.

The other incidents have included several posters containing multiple racial slurs and other derogatory statements targeting various student communities placed around campus. Other reports include various fliers placed around campus containing racist, anti-Semitic and homophobic language and swastika graffiti.

“The frequency of these reports is astounding,” Gadsby said. “Over the past four weeks, there has been a concentration of bias incidents in such a short period of time. I have no idea why this happened, no idea who the culprits are, no idea where this is coming from. Students are saying this is not what they came to Oberlin to experience.”

Shimon Brand, Hillel director at Oberlin for more than 30 years, noted that these types of incidents were “exceedingly out of the ordinary” but that students have worked together to address the incident.

“Instead of students acting as victims, they reacted through understanding and engagement. There’s a real sense of sadness and anger, but solidarity that there’s work to be done,” he said.

Chris Landers, 21, an English major and co-editor-in-chief of the college’s newspaper, the Oberlin Review, said the paper has welcomed letters to the editor and has asked people to contact the staff with any incident reports to encourage dialogue from all groups on campus.

“We value every member of Oberlin. We know we’re not the perfect place, but we strive to be an inclusive place. We want Oberlin to be a place where every member of every community feels valued and feels that they have a legitimate voice,” he said.

These incidents are being investigated by both Oberlin College security and the Oberlin Police Department.

Scott Wargo, director of media relations for the college, said, “No official disciplinary action has been taken.”

No official charges have been filed.

But Jasinski said that two students had been removed.

“It’s an ongoing investigation. At this time, college security caught a couple of students. Two students have been removed from campus,” Jasinski said.

Vicki Anderson, special agent for the FBI’s Cleveland Division, said, “We have been made aware of the incidents and we have been in contact with the Oberlin Police Department and will continue to assess the situation accordingly.”

Gadsby still feels that Oberlin can be a model for other campuses that have dealt with hate-related incidents. She hopes students will continue to mobilize and share information with law enforcement.

“It’s good to be made uncomfortable; it strengthens our resolve,” she said. “These incidents don’t just happen at small liberal arts colleges. These moments are important for students to engage in the theories that we teach and put them into practice.”

For students, it’s a reminder that they need to remain vigilant in their fight against hate on their campus.

“Racism is still here. It may not be as visible as it was 50 years ago, but it’s still visible. We still need to fight it, even in 2013,” Diop said. “I want us to remember that hate is unproductive. Love reigns supreme.”

Ayuda a Vale en Brasil no sería suficiente

Vale está entrampada entre Brasilia y Beijing. Y pese a que las cosas se ven mejor para la minera en Brasil, China está erosionando el panorama.

Ser un campeón nacional brasileño, como Vale —que el gobierno controla efectivamente— y como Petróleo Brasileiro,

tiene su precio. Petrobras, por ejemplo, debe subsidiar los precios de los combustibles locales, con lo que incurre en fuertes pérdidas. En marzo, cuando se le autorizó a subir los precios, su abatida acción ascendió 15% en un día.

Ahora parece ser el turno de Vale. Los ADR que se cotizan en Nueva York del mayor productor de mineral de hierro del mundo han ascendido 5% desde el 17 de abril, cuando la acción se situó en el nivel más bajo de este año. En parte, es el reflejo de un informe de resultados del primer trimestre que superó las expectativas.

Bloomberg News

Un tren de carga con mineral de hierro en el terminal de Ponta da Madeira, propiedad de Companhia Vale do Rio Doce, Vale.

Pero los inversionistas también se sintieron motivados por los comentarios del ministro de Energía y Minas de Brasil, quien dijo a la prensa en Brasilia que un “impuesto especial de participación” a los grandes proyectos, que está pendiente, no sería incluido en la reforma a las regalías del sector minero.

Y aumentan las expectativas de que las nuevas regalías mineras demuestren ser relativamente benignas y que el gobierno adoptará una posición más comprensiva en relación a una disputa tributaria de Vale por US$15.000 millones relacionada con ganancias en el extranjero. Las preocupaciones en relación a estos factores han ejercido presión sobre la acción, la que ha declinado desde su máximo histórico de US$43,91 registrado en mayo de 2008 a menos de US$17 en la actualidad.

Consultores de riesgo político en Eurasia Group sienten que “condiciones de mercado más débiles junto con las dificultades de Vale” llevan a Brasilia a adoptar una “posición más pragmática”. Pero pese a que los inversionistas ven esto con buenos ojos, no deberían olvidarse de la razón por la cual el gobierno parece estar cediendo: los tiempos son complicados para Vale.

Pese a los esfuerzos por diversificarse hacia los metales básicos y fertilizantes, el mineral de hierro representa casi 90% de la ganancia operativa de Vale.

China es de lejos el mayor consumidor de mineral de hierro del mundo que se usa para fabricar acero. Una cifra de crecimiento no tan espectacular en China ha hecho que los precios del metal industrial declinen en el último tiempo. Los débiles mercados exportadores y el deseo de Beijing de reducir la dependencia de la economía en inversiones en activos fijos para el crecimiento presenta problemas estructurales para la expansión de la demanda de mineral de hierro. Adicionalmente, Beijing ha atacado la especulación en el sector inmobiliario dado que han surgido señales de una burbuja generada por los créditos, otro factor que desincentiva la construcción y por lo tanto la demanda de acero.

El problema es que la nueva oferta de mineral de hierro, especialmente desde Australia, está iniciando producción pese a que han vuelto a surgir dudas sobre la demanda. En su último informe trimestral, el Bureau of Resources and Energy Economics del gobierno de Australia predijo que los precios a la vista de los contratos del mineral de hierro promediarán US$119 la tonelada este año, por debajo de los US$129 la tonelada del año pasado. El promedio declinaría hacia US$90 la tonelada en 2018. Citi estima que los superávit anuales de oferta aumentarán al menos durante el resto de esta década.

De forma destacable, la acción de Vale ha seguido muy de cerca a la de su rival Rio Tinto en los últimos cinco años. Las ganancias de Rio dependen del mineral de hierro en un nivel similar, y ambas acciones se han quedado considerablemente rezagadas detrás de las de BHP Billiton,

que se beneficia con la producción de una variedad más diversificada de bienes básicos.

Vale podría disfrutar de un nuevo soporte a nivel local. Pero finalmente, debe abrirse camino en el gran y cada vez más negativo nivel global.

© 2011 Wall Street Journal (www.wsj.com)

Greece country profile

In the spring of 2010, amid fears of an imminent default on debt payments and of the debt contagion spreading to other countries, Greece's fellow eurozone countries agreed an unprecedented 110bn euro package to rescue its teetering economy. The main condition attached to the loan – drastic cuts in public spending and tax hikes – prompted protracted social unrest.

The 2010 rescue package soon proved to be unequal to the task of plugging the hole in Greece's finances, and the following year an even bigger bailout of 130bn euros was required to stave off the imminent danger of the country defaulting on its debts.

At the prompting of the European Commission, European Central Bank and International Monetary Fund, Greece has been striving to reduce its debt burden from 160% of GDP to a target figure of 120%. It has also embarked on recapitalising its banks so as to put them on a sounder footing.

Greece has long been at odds with its close neighbour, Turkey, over territorial disputes in the Aegean and the divided island of Cyprus.

Relations warmed after both countries suffered earthquakes in 1999 and offered each other practical help.

Although the disputes remain unresolved, the Greek government gives strong backing to Turkey's EU bid. It sees dividends to be gained from the increased regional stability that it believes membership would bring.

Greece has been in dispute since the early 1990s with the Former Yugoslav Republic of Macedonia. Greece contends that the use of the name Macedonia by the neighbouring country implies a territorial claim over Greece's own region of the same name. The UN is involved in continuing mediation efforts.

Athens stepped into the global spotlight when the Olympic Games returned home in 2004. The games were hailed as a success, despite widely publicised fears that the infrastructure would not be complete in time.

© 2011 BBC News (www.bbc.co.uk)

Saudi Arabia’s first anti-abuse ad

Below the image ran the slogan in Arabic, “Some things can’t be covered”, and a list of phone numbers for local domestic abuse shelters. In a culture that tends to turn a blind eye to the issue of violence towards women, it was a shocking and powerful image.

“It’s a problem that’s been swept under the carpet for years,” says Scott Abbott, the creative director for Memac Ogilvy, the Riyadh-based agency responsible for the advert.

When Ogilvy approached the King Khalid Foundation, a charity that focuses on issues of advocacy and developing the country’s non-profit sector, they weren’t sure what type of reaction to expect.

“I think that there was always a real concern that, given the subject matter, it would never get through,” says Abbott.

A major push came from Saudi princess HRH Banderi A.R. Al Faisal, the foundation’s director. Though the campaign has captured the public’s attention, both within Saudi and abroad, where an English version has made the rounds online, Al Faisal says she doesn’t see the ad as shocking.

“My media and PR team were a bit nervous going into this, saying, ‘Are you sure you want to do this?’” she admits. “I didn’t understand why. I don’t understand what is so controversial. Who will say, ‘Yes, it’s ok for women to be beaten up’?”

Read more: Women directors find acclaim worldwide

Saudi women are legally reliant on the permission of their male guardians to travel freely, driving is still a socially contentious issue and there are no laws that protect victims of domestic abuse. According to Al Faisal, however, change is in the air.

“For several years, domestic abuse was sort of the elephant in the room. There was nowhere for a woman to go if she was abused because a system wasn’t set up to handle that,” she admits. Though the issue is still not completely out in the open, she notes the last few years has seen a rise in shelters that cater to female victims of violence.

It has been a watershed year for women’s rights in the conservative country. So far, women have been accepted into the government’s advisory Shura Council, given the right to vote, gained entry into a range of new professions (including engineering and law) and granted permission to have their own IDs without guardian permission.

Adam Coogle, a Middle East researcher at Human Rights Watch, admits that though these measures are impressive, more needs to be done to protect women inside the country.

“There are no laws that protect women specifically. If, for example, a woman claims rape, and a man says it was consensual, she can face a counter charge of adultery,” he says.

Though there is currently no law that punishes a man for beating his wife, the King Khalid Foundation has prepared legislation that would do just that. In fact, it is the pending bill, which would decide the punitive measures abusers could face (a mix of imprisonment, financial restitution and loss of custody), that spurred the campaign to begin with.

Last year, the Shura Council pushed through similar legislation the foundation helped pen protecting the rights of children in abusive situations. Al Faisal is confident that the drafted legislation will meet with the same level of success.

Read more: The Saudi museum with more Facebook likes than the Louvre

Coogle, however, says that Saudi still needs to overcome considerable social hurdles before the situation improves.

“Women who speak out about emotional abuse or neglect often face societal judgments. There is a prevalent attitude that if a man hits his wife, it’s acceptable, because she’s not being a good wife.”

Coogle points to a ten year old study in the Journal of Muslim Affairs where Saudi men were polled on whether they ever hit their wives — 53% answered yes.

Al Faisal agrees that the Saudi mindset has to change and notes that a major obstacle is the naturally guarded nature of the culture.

“This is a very private society, and we tend to try to deal with things discreetly. We do not air our dirty laundry in public, as families or as communities,” she says. “The negative side of that discretion is that it allows abusive behavior to thrive, because it is not stopped.”

A main goal of the campaign is to create a countrywide social dialogue. In that regard, says Abbott, the campaign has been successful.

“Outside of the two days of ads we ran, it’s been printed on the front page of national newspapers,” he says. “People are talking about it, and it’s been largely well-received.”

Kazakhstan profile

A huge country the size of Western Europe, Kazakhstan has vast mineral resources and enormous economic potential.

The varied landscape stretches from the mountainous, heavily populated regions of the east to the sparsely populated, energy-rich lowlands in the west, and from the industrialised north, with its Siberian climate and terrain, through the arid, empty steppes of the centre, to the fertile south.

Ethnically the country is as diverse, with the Kazakhs making up over half the population, the Russians comprising just over a quarter, and smaller minorities of Uzbeks, Koreans, Chechens and others accounting for the rest.

These groups generally live in harmony, though Russians resent the lack of dual citizenship and having to pass a Kazakh-language test in order to work for state agencies. Since independence many ethnic Russians have emigrated to Russia.

The main religion, Islam, was suppressed like all others under Communist rule, but has enjoyed a revival since the collapse of the Soviet Union.

There has been major foreign investment in the Caspian oil sector, bringing rapid economic growth, averaging about 8% in the decade since 2000. By 2010, per capita gross domestic product was estimated to have grown more than tenfold since the mid-nineties.

An oil pipeline linking the Tengiz oil field in western Kazakhstan to the Russian Black Sea port of Novorossiysk opened in 2001. In 2008, Kazakhstan began pumping some oil exports through the Baku-Tbilisi-Ceyhan pipeline, as part of a drive to lessen its dependence on Russia as a transit country. A pipeline to China opened in late 2005.

Kazakhstan is also the world's largest producer of uranium.

In the 1990s, a small minority of Kazakhs grew very rich after independence through privatization and other business deals which opposition politicians alleged to have been corrupt, while many Kazakhs suffered from the initial negative impact of economic reform.

However, as a result of the growth since 2010, inequality is now less pronounced than in other Central Asian countries, and unemployment is low by regional standards. Some economic challenges remain, though, including persistently high inflation.

Politically, independent Kazakhstan has been dominated by former Communist Party chief Nursultan Nazarbayev, whose authoritarian rule has faced few challenges from weak opposition parties. The country's reputation for stability was rocked in in December 2011 when wage protests in oil-rich Mangystau Region prompted a violent police response in which 15 people died.

The people of Kazakhstan also have to live with the aftermath of Soviet-era nuclear testing and toxic waste dumping, as well as with growing drug addiction levels and a growing incidence of HIV/Aids. Inefficient Soviet irrigation projects led to severe shrinkage of the heavily polluted Aral Sea.

© 2011 BBC News (www.bbc.co.uk)