We need to find a fairer way of providing Goods and Services to the rest of the people on Earth.Cryptocurrencies and/or Gold Standard of money....maybe the answer to fight hyperinflation caused by too much printing of paper/fiat currencies by Governments and Central Banks all over the World. (https://nomorefiatmoneyplease.blogspot.com)
Russia offers US$50 million reward for help detaining Egypt plane bombers
The Russian government is offering a US$50 million reward to anyone who helps it detain those responsible for placing a bomb on a Russian passenger jet which broke up over Egypt last month, killing 224 people, the TASS news agency reported on Tuesday.
PHOTO: REUTERS
[MOSCOW] The Russian government is offering a US$50 million reward to anyone who helps it detain those responsible for placing a bomb on a Russian passenger jet which broke up over Egypt last month, killing 224 people, the TASS news agency reported on Tuesday.
News of the reward came after the Kremlin said for the first time that a bomb had ripped apart the plane and promised to hunt down those responsible and intensify its air strikes on Islamist militants in Syria in response.
Prime Minister Lee Hsien Loong has conveyed his condolences to property tycoon Kwek Leng Joo's wife, Alice Kwek, on the death of her husband.
PHOTO: CDL
PRIME Minister Lee Hsien Loong has conveyed his condolences to property tycoon Kwek Leng Joo's wife, Alice Kwek, on the death of her husband.
In his letter to Mrs Kwek, he said: "Leng Joo left us suddenly when he had so much more to give. Singapore has lost a champion of the environment, leader of corporate social responsibility, and a fine photographer with a big heart.
"Ho Ching and I were shocked and deeply saddened to hear of his passing when we were in Turkey."
Mr Lee affirmed the many contributions of Mr Kwek, citing how he put his talent to raise funds for charities and causes as well as directed corporate social responsibility (CSR) and sustainability initiatives at City Development Ltd (CDL), where he is deputy chairman. Mr Kwek also helped other companies with their CSR, as president of the Singapore Compact for CSR, a national CSR society and focal point for United Nations Global Compact in Singapore.
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When Singapore launched its bid to make the Botanic Gardens a Unesco World Heritage Site, Mr Kwek and his CDL team provided valuable support, Mr Lee said.
Mr Kwek had contributed photographs to the Heritage in Green exhibition in 2013, which Singapore used in the dossier submitted to Unesco. After the bid succeeded, Mr Kwek published them in a book titled Embrace.
Mr Lee said: "I am glad that he lived to see the success of the bid. We could not have done it without him."
Greece announced Tuesday it has struck a deal with its international creditors to unblock some 12 billion euros (S$18.2 billion) in much-needed bailout loans.
PHOTO: AFP
[ATHENS] Greece announced Tuesday it has struck a deal with its international creditors to unblock some 12 billion euros (S$18.2 billion) in much-needed bailout loans.
"We have reached agreement on everything, including the 48 additional measures" that should allow the 12 billion euros to be paid out on Friday, Finance Minister Euclid Tsakalotos told reporters after marathon talks.
Greece in July accepted a three-year, 86-billion-euro EU bailout that saved it from crashing out of the eurozone, but the deal came with strict conditions.
Athens has since adopted a number of the unpopular reforms but creditors have wanted it to do more.
The agreement covers streamlining home foreclosures, which the government was reluctant to accept in order to ensure a safety net for more vulnerable households.
A Greek government source said the compromise reached will protect around 60 per cent of indebted households from having their primary residence seized.
The Greek government had sought to protect more than 70 per cent of families at risk of losing their homes, while creditors had initially been willing to exclude no more than 20 per cent from seizure.
The protections against home seizures come with strict conditions, with a review of procedures planned for 2019, the source said.
The government is to submit the agreed measures to parliament later Tuesday for a vote on Thursday, the minister said.
Eurozone officials are also expected to approve the agreement later Tuesday, ahead of a Friday decision to unlock the funds.
The funds include 10 billion euros to recapitalise beleaguered Greek banks.
After storming to power at the beginning of the year on a programme to free Greece from the restrictions of bailout programmes, Prime Minister Alexis Tsipras reversed course and accepted a new financial lifeline.
He won fresh elections the deal triggered, calling the bailout agreement a "painful compromise" and a "tactical retreat" that enabled the country to avoid bankruptcy and stay in the euro.
