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Greece 'may need $66 billion'Greece might need a third international rescue package worth 50 billion euros ($66 billion) in 2015, the German weekly magazine Spiegel said yesterday. The troika of creditors - the European Union, the European Central Bank (ECB) and the I More… |
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G20 inches toward $2 trillion rescue fundGermany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone's sovereign deb More… |
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Chevron Nigeria rig still on fire, two missingTwo workers were missing after fire broke out on a drilling rig in Chevron's Funiwa oil facility in southeast Nigeria on Monday, Chevron said. "Search and rescue has successfully found 152 of 154 personnel. W More… |
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Rescue efforts in full swing in TurkeyMore than 200 people were confirmed killed and hundreds more feared dead after an earthquake hit parts of southeast Turkey on Sunday with rescue teams working through the night to free trapped survivors. Early on Monday Interior Minister I More… |
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Fire fighting focus for safety expoFire fighting and rescue systems are expected to be one of the core growth areas at the 2012 edition of Intersec, the region’s premier platform for the safety and security industry, said the organisers. There is high demand for exhibition More… |
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Conference to focus on future of fire safetyA number of high-profile speakers will be joining forces to launch the first dedicated market platform for fire, rescue and emergency response professionals. The platform will take the form of a significant three-day conference during the More… |
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Rescue efforts gather pace in quake-hit JapanRescue workers from more than a dozen countries searched ravaged northeastern coastal cities on Monday for survivors of a massive earthquake and tsunami, as an international effort to help Japan cope with its multiple disasters gathered pace. More… |
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Markets, partners relieved at Ireland rescueFinancial markets rallied slightly and European Union partners voiced relief on Monday after Ireland agreed in principle on a three-year bailout package with the EU and the IMF to salvage its shattered banks. European shares rose 0. More… |
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Dubai can fund rescue plan says top officalDubai has the money to pay its share of Dubai World's rescue plan and can help other state-linked firms that may be facing "small issues", the vice chairman of the emirate's top fiscal body said in an interview. Dubai unveiled a $9.5 billi More… |
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IMF comes to Greece's rescueThe International Monetary Fund on Friday joined the European Union in pledging support for Greece in its struggle to bring its ballooning budget deficit under control and contain its debt crisis. The IMF's declaration follows an EU su More… |
