Singapore News
After months of acrimonious debate, the ministers began closed door talks at around 1500 GMT over a potential 230-billion-euro ($300 million) rescue of debt-troubled Athens. Greek Finance Minister Evangelos Venizelos said on arrival that he was “optimistic” of a deal and IMF chief Christine Lagarde praised Athens’ “great efforts” to overhaul its economy. But hardline [...]
In total, the crisis-hit country garnered over 10.5 billion euros ($13.8 billion) in international tourism receipts according to Bank of Greece figures, the association of tourism entreprises (SETE) said. Proceeds were up 14.4 percent in July and by nearly 15 percent in October compared with a year earlier but then fell 12.5 percent in November. [...]
Arriving for talks with finance ministers considering a 230-billion-euro ($300 billion) bailout, Venizelos said: “I am optimistic but in any case we need clear political approval from the Eurogroup.” After months of bitter debate, approval appeared in the offing, with IMF chief Christine Lagarde praising Greece’s “great efforts” towards economic reform and hardline German Finance [...]
“Papademos has now gone in,” one told AFP, after an initial meeting with Finance Minister Evangelos Venizelos. “How much depends on the impact of other elements” to close a 5.5-billion-euro gap on EU and IMF targets for Greek debt sustainability by 2020. After months of acrimonious debate, eurozone ministers and the IMF were locked in [...]
Debt-laden Kingfisher cancelled 16 flights on Monday from Mumbai and several more from New Delhi and elsewhere, on top of scrapping more than 30 flights the previous day. The airline said it was forced to curtail its services after tax authorities froze its bank accounts reportedly due to its inability to clear its unpaid service [...]
on a key write-down of Greece’s debt in a last-minute meeting with banks. After months of acrimonious debate, all sides expressed confidence that an agreement would be found to greenlight a 230-billion-euro ($300 billion) financial lifeline, in exchange for strict surveillance of the Athens government over coming years. Greece, Germany, the IMF and the head [...]
Here, immigrants push supermarket carts full of metal scraps, while in garages only old cars are being repaired. In this little red house, alongside the railway line, the homeless come to find warmth and shelter, clothing, food or at least psychological support. Klimaka, a non-governmental group formed in 2000 and backed financially by the health, [...]
Ireland was the only European Union stop on the Chinese leader-in-waiting’s international tour, and ministers in Dublin said it showed that the republic was the place to invest in the 27-member bloc. Ireland stressed its low 12.5 percent corporation tax rate as well as its solid ties with the United States during Xi’s visit, which [...]
The planes are “valued at nearly $1.5 billion at list prices,” the US manufacturer said in a statement. Karachi-based PIA “has been renewing its long-haul fleet to accommodate increased demand for air travel as well as to introduce new routes,” Boeing said. PIA managing director Nadeem Yousufzai lauded the 777-300ER’s “excellent operating economics, long range [...]
“We know what you don’t like, but what’s your constructive proposal for a global agreement on aviation?” the Commissioner for Climate Action asked the countries in a message posted on her Twitter account. Hedegaard also warned that Brussels would not suspend the rule requiring all airlines to buy pollution permits to fly to Europe, despite [...]