Greek minister wants to link debt payments to growth: Der Spiegel

Greece's economy minister said it would be better to link the country's debt repayments to its economic growth rate as it needs a feasible solution to bring its sovereign debt under control. "At the moment, we spend around five percent of gross domestic product on servicing our debt. ...It would be better if we linked the repayment to growth: if growth is higher, we pay more, if it is lower, we pay less," Georgios Stathakis said in an interview with German weekly magazine Der Spiegel. New Prime Minister Alexis Tsipras has promised to renegotiate agreements with the European Commission, ECB and International Monetary Fund "troika" and write off much of Greece's 320 billion euro debt, which at more than 175 percent of gross domestic product is the world's second-highest after Japan.
Chicago mayor wages lively campaign with no big challengers

CHICAGO (AP) — Chicago Mayor Rahm Emanuel doesn't have any high-profile challengers in his re-election bid, but he's not taking any chances.
5 given preliminary charges over jihadi network in France

PARIS (AP) — French authorities filed preliminary charges on Saturday against five men allegedly implicated in a jihadi recruiting network based in a small southern town from where about 20 youths went to fight in Syria and Iraq.
Sisi says Egypt faces long, tough battle against militants

Egyptian President Abdel Fattah al-Sisi said on Saturday that the country faces a long, hard battle against militancy, days after one of the bloodiest attacks on security forces in years. "This battle will be difficult, strong, evil and will take a long time," said Sisi in comments broadcast on state television after meeting Egypt's top military officers. On Thursday night, four separate attacks on security forces in North Sinai were among the worst in the country in years. Islamic State's Egyptian wing, Sinai Province, claimed the killing of at least 30 soldiers and police officers.
Exclusive: GM and China’s SAIC to push into Indonesia with no-frills vans

A man walks in front of the gate of Shanghai Automotive Industry Corp., in ShanghaiBy Norihiko Shirouzu BEIJING (Reuters) - General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region. They have already made moves to purchase a property in an industrial district on the outskirts of Jakarta, according to two people familiar with the matter, and are expected to detail within days what GM China chief Matt Tsien called an important joint venture in a country of 240 million people. In a report late Friday, officials from Indonesia's industry ministry told state Antara news agency that GM and SAIC would invest a total of $700 million in Indonesia to set up operations to manufacture and market Wuling vehicles in the country.





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