New York / AP Argentina has reached a settlement with several bondholders for $250 million and 185 million euros, a court-appointed mediator said as the country continues work toward ending a debt crisis that has damaged its ability to maneuver financially abroad. The latest deals boost to more than $1.5 billion the amount Argentina has committed in deals since President ...
Read More »Pentagon’s Gitmo plan lays out costs, savings
Washington / AP U.S. officials say the Pentagon’s long-awaited plan to shut down the detention center at Guantanamo Bay, Cuba, and transfer the remaining detainees to a facility in the United States calls for up to $475 million in construction costs that would ultimately be offset by as much as $180 million per year in operating cost savings. The plan, ...
Read More »Obama requests $1.9bn to combat Zika virus
Washington / AP President Barack Obama sent lawmakers an official $1.9 billion request to combat the spread of the Zika virus in Latin America and the U.S. He is also requesting flexibility to use a limited portion of leftover funds provided in 2014 to fight Ebola to take on Zika, which has been linked to severe birth defects. Top House ...
Read More »Starbucks changes rewards program
New York / AP Starbucks is changing the terms of its rewards program so that people who spend around $5 or less per visit won’t get as many freebies. The Seattle-based coffee chain says its loyalty program will award stars based on the dollars spent starting in April. Currently, people earn a star for each transaction, regardless of how much ...
Read More »US oil exports already shifting global power
Bloomberg The sea stretched toward the horizon last New Year’s Eve as the Theo T, a red-and-white tug at her side, slipped quietly beneath the Corpus Christi Harbor Bridge in Texas. Few Americans knew she was sailing into history. Inside the Panamax oil tanker was a cargo that some on Capitol Hill had dubbed “Liquid American Freedom†— the first ...
Read More »Beijing instals radar in South China Sea islands
Beijing / AFP Beijing is installing radar facilities on its artificial islands in the disputed South China Sea, an American think tank has said, in a move analysts warned would “exponentially improve†the country’s monitoring capacities. Satellite imagery of Cuarteron reef in the Spratlys released by the Washington-based Center for Strategic and International Studies (CSIS) showed what appeared to be ...
Read More »Singapore deports Indonesians accused of ‘joining’ IS group
Jakarta / AFP Singapore has deported four suspected Indonesian extremists allegedly heading to Syria to fight with the IS group, authorities said on Tuesday. The four, who included a 15-year-old boy, were arrested on Sunday in the city-state when officials became suspicious after checking their documents and finding one of them had previously spent time in Syria, Indonesian police said. ...
Read More »â€˜Canal’ highlights Delhi’s water vulnerability
New Delhi / AP Engineers were working to restore New Delhi’s full water supply on Tuesday after protesters damaged a key canal in a neighboring state and disrupted supplies over the weekend — highlighting the extreme water vulnerability faced by the Indian capital’s 18 million residents. Some supplies resumed to northern and central parts of New Delhi, and will hopefully ...
Read More »USA missile system in South Korea would hurt Seoul-Beijing ties: Envoy
Seoul / AFP China’s ambassador to South Korea warned on Tuesday that the planned deployment of a US missile defence system in the country could damage Beijing-Seoul ties, possibly irreparably. Once damaged, it would be “hard†to normalise relations between the two former Cold War enemies, ambassador Qiu Guohong said, according to a spokesman for South Korea’s main opposition Minju ...
Read More »Germany, France press Kiev on graft, vote in rebel east
Kiev / AFP Germany and France on Tuesday urged Kiev to root out corruption and quickly adopt a law on elections in the pro-Russian east that may help resolve Ukraine’s separatist war. French Foreign Minister Jean-Marc Ayrault and his German counterpart Frank-Walter Steinmeier arrived in Kiev amid political chaos that has seen ministers in the pro-EU government trade accusations of ...
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