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Yichang, Muharram 1, 1436, Oct 25, 2014, SPA -- Five people were killed after an oil tank truck exploded in central China's Hubei Province, local authorities said on Saturday. Three others...

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Berlin, Ramadan 23, 1432, Aug 23, 2011, SPA -- A leading member of Chancellor Angela Merkel's
government called Tuesday for cash-strapped eurozone members to use
their gold reserves as collateral for any future bailouts, according to dpa.

Labour Minister Ursula von der Leyen said in the future that money
from the European Union-led rescue fund should only be paid out when
the states receiving the assistance provided collateral.

Von der Leyen believes that the gold reserves and industrial
holdings held by many nations could be used as collateral for loans,
according to information from German public television.

The Labour Minister, who is a vice president of Merkel's
conservative Christian Democrats (CDU), is also member of a special
new CDU party commission set up to review the debt crisis gripping
parts of the 17-state eurozone.

The commission was established following conflict within the ranks
of the CDU over how to deal with the financial problems facing
members of the currency bloc.

Von der Leyen's comments also came amid signs of fresh tensions
among eurozone members over the 109-billion-euro second rescue
package for Greece, which is due to be pieced together next month.

About five eurozone states, led by Finland, have been calling for
Greece to provide collateral before agreeing to the second bailout
out.

The price of gold has surged this year amid a flight to safety by
investors unnerved by the turmoil in share markets, which has been at
least in part triggered by the eurozone debt crisis.

Gold climbed to a record high Tuesday, when it breached the key
1,900-dollar an ounce mark.

--SPA
18:01 LOCAL TIME 15:01 GMT
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Yichang, Muharram 1, 1436, Oct 25, 2014, SPA -- Five people were killed after an oil tank truck exploded in central China's Hubei Province, local authorities said on Saturday. Three others were injured in the accident that happened Friday night in Zigui County, Xinhua quoted the county...
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Abu Dhabi, Muharram 1, 1436, Oct 25, 2014, SPA -- The UAE strongly condemned the terrorist, atrocious attack committed by criminal elements in Egypt's Sinai Peninsula Friday and emphasized its full support for sisterly Egypt and its Armed Forces. ''This cowardly act and heinous...
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Riyadh, Muharram 01 , 1436,October 25 , 2014, SPA -- Crown Prince Salman bin Abdulaziz Al Saud, Deputy Premier and Minister of Defense, has sent a cable of congratulations to President Heinz Fischer of Austria on the anniversary of his country's National Day. In his cable, the Crown Prince...
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Riyadh, Muharram 01, 1436, October 25, 2014, SPA -- Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud has sent a cable of congratulations to President Heinz Fischer of Austria on the anniversary of his country's National Day. In his own name and on behalf of the people...
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Sana'a, Muharram 1, 1436, Oct 25, 2014, SPA -- Yemen's Acting Prime Minister and Deputy Prime Minister and Minister of Electricity Abdullah Al-Akwa'a has met with World Food Programme (WFP) Regional Director Mohamed Diab. During the meeting, they discussed the WFP's support...
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