- EGF Files
China commits $45.6 billion for economic corridor with Pakistan
The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday. The Chinese companies will be able to operate the projects as profit-making entities, according to the deal signed by Prime Minister Nawaz Sharif during a visit to China earlier this month
China rate cut, ECB stimulus hopes boost world markets
World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchases to boost the euro zone economy.
U.S. Biden voices support for Ukraine, denounces Russia's Putin
U.S. Vice President Joe Biden on Friday condemned Russia's behavior in Ukraine as "unacceptable" and urged Moscow to abide by a September peace deal and pull military forces out of the country.
Ukraine peace outlook is bleak: OSCE official
Prospects for peace in eastern Ukraine are "bleak", underscoring the need to uphold a shaky ceasefire between government forces and pro-Russian separatist rebels, a senior official from the OSCE security watchdog said on Thursday
NATO scrambles jets 400 times in 2014 as Russian air activity jumps
NATO warplanes have had to scramble 400 times this year in response to an increase in Russian air activity around Europe not seen since the Cold War, the alliance's chief said on Thursday.
Russia warns U.S. against arms to Ukraine as Biden due in Kiev
Russia warned the United States on Thursday against supplying arms to Ukrainian forces fighting pro-Russian separatists in eastern Ukraine, hours before U.S. Vice-President Joe Biden was due to arrive in Kiev.
Britain says not optimistic about Iran nuclear deal by deadline
British Foreign Secretary Philip Hammond said on Wednesday he was not optimistic that world powers and Iran would clinch a full nuclear deal by Nov. 24 but that there may be a way of extending the self-imposed deadline.
Euro zone grows faster than expected in third quarter
Euro zone economic growth was stronger than expected in the third quarter, preliminary data showed on Friday, as France beat market expectations and Germany steered clear of a recession.