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Big deal

Tsipras asks for 30% debt haircut, 20yr grace period
The only way to make Greek debt sustainable is to cut it by 30 percent and introduce a 20-year grace period, said PM Tsipras, as the landmark referendum on July 5 nears.

03.07.2015 13:17

Ναι vs Όχι: Yes and No campaigns take to Greek web as referendum looms
As Greece prepares to vote in a popular referendum on the bailout deal and austerity measures it imposes, the heated debate on the country’s fate has exploded in expressive memes on social media, including politicians, Sparta, sculptures and what not.

02.07.2015 20:32

BP to pay record $18.7bn over 2010 Deepwater Horizon oil spill
Under the agreement reached by BP and five US states along the Gulf of Mexico, the British oil major will pay out $18.7 billion over 18 years. The deal resolves the firm of remaining liabilities from the biggest oil spill in US history.

02.07.2015 13:27

​Canada approves sale of Cirque du Soleil to US and China investors for $1.5bn
The sale of Cirque du Soleil will see US-based TPG Capital with 60 percent, and Chinese partner Fosun with 20 percent. The remaining shares will be divided between one of the founders Guy Laliberte and Quebec pension fund Caisse de Depot, reports AFP.

01.07.2015 12:12

Eurogroup refuses to extend bailout program to Greece
The Eurogroup has refused to extend the bailout program to Greece, rejecting PM Alexis Tsipras’ latest request for a new bailout, Finnish Finance Minister Alexander Stubb said at Tuesday’s teleconference.

30.06.2015 13:44

China to build giant dairy farm to supply Russia
China has started to build a joint Chinese-Russian livestock agricultural complex. A hundred thousand cows are planned to be bred in a project costing one billion Yuan.

29.06.2015 14:32

​Putin: €2bn Russia-Greece gas deal will help Athens pay its debt
A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

20.06.2015 10:24

IMF ‘failed’ in Greece, Ukraine – fund’s executive director to RT
The record of the International Monetary Fund “as an institution is mixed,” IMF Executive Director Paulo Nogueira Batista told RT, adding that he believes the IMF’s programs for Greece and Ukraine have been a “failure.”

19.06.2015 20:44

Pepper first emotional humanoid robot to be sold in Japan for $1,600
A joint venture between Japan’s SoftBank, China’s Alibaba and Foxconn Technology is bringing the emotional human-like robot Pepper to the global market. It’s the first step to make robots available to general consumers for home and work.

19.06.2015 07:14

Ukraine to build modern airplane factory in Saudi Arabia
Ukraine has signed a deal to construct an airplane factory in Saudi Arabia. The plant will use the latest technology to produce the new AN-132 light transport aircraft.

17.06.2015 13:02

China and Australia sign ‘historic’ free trade agreement
After a decade of negotiations China and Australia have sealed a free trade agreement which is expected to deliver a $20 billion boost to mutual trade by 2035. Currently trade between the two stands at almost $160 billion annually.

17.06.2015 07:25

Hong Kong-sized plot of Russian land leased to Chinese agrofirm
Chinese corporation Zoje Resources Investment has leased a large plot of land in Russia’s Transbaikal region for agricultural exploitation. The Chinese corporation is expected to invest estimated $450 million into the project over the next 49 years.

16.06.2015 05:19