Home > 2018 > March > 12

Daily Archives: March 12, 2018

Eurozone to Unlock New Loans to Greece, Working on Debt Relief

Eurozone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc’s finance ministers said on Monday, steps that should help underpin its economic recovery.

Greece’s 86-billion-euro bailout program, its third since 2010, is due to end in August and international lenders are debating how to ensure the country makes its exit on a sustainable footing.

Among options under consideration in Brussels are support measures that could run into tens of billions of euros and help ease servicing costs on a public debt pile that, in terms of economic output, …read more

House Republicans Push to Declare No Collusion While Mueller’s Investigation Continues

House Intelligence Committee Republicans moved to declare that they found no evidence of collusion between Donald Trump’s presidential campaign and Russia during the 2016 election, even though special counsel Robert Mueller continues to expand his investigation, according to The New York Times. Rep. K. Michael Conaway of Texas (R), who is leading the investigation, said that Republicans on the committee agreed that Russia had interfered with the election as American intelligence agencies stated, but they did not find that the Russians favored Trump’s candidacy. “The bottom line: The Russians did commit active measures against our election in ’16, and we …read more

Video Released By Defense Department Show’s Navy Jet’s Encounter With UFO

The U.S. Department of Defense has released official video from a 2015 U.S. Navy plane’s encounter with an unidentified flying object off the East Coast to a scientific research group, MLive reports. In the video, U.S. Navy pilots can be heard speaking to each other in amazement after spotting an unidentified object cross their path in the air. “What the f*** is that thing?” one of the pilots can be heard saying in the video, after getting pumped up about “boxing” the moving target. He later adds, “Wow, what is that man? Look at that flying!” To the Stars Academy …read more

Business Lobby: Mexico Front-Runner Must Respect Oil, Airport Contracts

Mexico’s powerful CCE business lobby on Monday urged the leftist front-runner for a July 1 presidential election to stop questioning major planks of the government’s economic agenda lest it damage investment.

Andres Manuel Lopez Obrador, who has led opinion polls by a wide margin for weeks, has gradually moderated his rhetoric and his leading advisers have sought to reassure investors that he will not be an economic liability as president.

However, his threats to scrap a new Mexico City airport already under construction and review oil and gas exploration and production contracts issued under a 2013-14 energy reform still worry some investors.

“As …read more