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.
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.
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.
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.
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.
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.”
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.
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.
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.