Technology 

Apple supplier Japan Display to get $700 million bailout from China, Taiwan group: Kyodo

FILE PHOTO – Japan Display Inc’s logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Ailing Apple supplier Japan Display Inc will receive up to 80 billion yen ($723 million) in a bailout from a group of Chinese and Taiwanese investors, Kyodo news agency reported. A group including China’s state-backed Silk Road Fund and Taiwanese panel maker TPK Holding Co will inject around 60 billion to 80 billion yen, taking a stake of 30-50 percent in Japan Display, Kyodo said, without…

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Crossrail delay: £1.4bn bailout as autumn 2019 launch delayed

Image copyright Transport for London Image caption Crossrail – to be known as the Elizabeth Line – had an original budget set at £15.9bn in 2007, which was then cut to £14.8bn in 2010 A £1.4bn bailout has been announced for Crossrail, as Europe’s biggest infrastructure project is pushed back beyond its launch date of autumn 2019. London’s £15bn route, to be known as the Elizabeth Line, had originally been due to open this month. The rescue plan – the third this year – will be used to plug a…

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Soup kitchens and start-ups: Greek bailout era ends

Image caption For Dimitris Koumatsioulis the bailout era was all about grimly holding on “We thought about suicide many times”, says Dimitris Koumatsioulis, “because when you reach the edge of a cliff, you either fall off or you grip it and hold on.” “But we said no – we struggled, and that’s why we’re still here”. The cliff edge for him loomed in 2011, a year after Greece collapsed into financial crisis, taking his factory Viome with it. Based in the northern city of Thessaloniki, it produced adhesive for the…

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Greece emerges from eurozone bailout programme

Image copyright AFP Greece has successfully completed a three-year eurozone bailout programme designed to help it cope with the fallout from its debt crisis. For the first time in eight years, Greece is now free to borrow money on the financial markets. As a condition of the loans, the Greek government was forced to introduce a series of unpopular austerity measures. The Greek economy has grown slowly in recent years but is still 25% smaller than when the crisis began. Together with assistance from International Monetary Fund (IMF), the loans…

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Eurozone bailout programme is finally over

Image copyright Getty Images Image caption Prime Minister Alexis Tsipras says Greece is “turning a page” in ending its bailout programme The eurozone passes an important milestone on 20 August. The date marks the formal end of the bailout of Greece. It is the final country to be receiving emergency loans in the wake of Europe’s financial crisis. The last payment has been made and the Greek government will have to finance its spending through taxes or by borrowing in the financial markets, though it will be decades before it…

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US to give farmers $12bn trade war bailout

Media playback is unsupported on your device Media captionThe trade war between the US and China is escalating The US has unveiled a $12bn (£9.1bn) plan aimed at helping US farmers hurt by the intensifying trade war. The aid is intended to shield the industry as countries raise taxes on US products such as soybeans in response to new Trump administration tariffs. The US plans to provide subsidies to farmers and buy unsold crops, among other measures. Donald Trump had promised the aid after fierce criticism from farmers, an important…

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