ISLAMABAD: Defence Minister Khawaja Muhammad Asif on Friday said that protesting Pakistan International Airlines (PIA) employees cannot hold the country hostage.
NICOSIA, CYPRUS: The International Monetary Fund on Wednesday approved the disbursement of 126.3 million euros ($137.4 million) to Cyprus after the Eurozone member passed its ninth and penultimate review of its bailout programme.
BERLIN: Germany wants the International Monetary Fund involved in Greece’s new bailout because of the economic rigour it brings more than for any financial help, government sources said on Thursday.
ATHENS: Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, in what could be Prime Minister Alexis Tsipras’s toughest political test yet.
ATHENS: Greece will introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country’s bailout and savers queued to withdraw cash, taking Athens’ standoff to a dangerous new level.
NEW YORK: The euro retreated against other major currencies Friday as struggling Greece refused to meet with its international creditors and rejected fresh loans, and the eurozone showed weaker inflation.