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South Korea sees no extra budget for economy after MERS outbreak

SEOUL (Reuters) – South Korea said on Sunday it has no plan yet to draw up a supplementary budget to help stop the outbreak of the Middle East Respiratory Syndrome (MERS) from damaging Asia’s fourth-largest economy, already struggling to keep up a recovery. Deputy Prime Minister Choi Kyung-hwan, who is also finance minister, said during a televised news conference that the impact on the overall economy from the illness was

South Korea sees no extra budget for economy after MERS outbreak

SEOUL (Reuters) – South Korea said on Sunday it has no plan yet to draw up a supplementary budget to help stop the outbreak of the Middle East Respiratory Syndrome (MERS) from damaging Asia’s fourth-largest economy, already struggling to keep up a recovery. Deputy Prime Minister Choi Kyung-hwan, who is also finance minister, said during a televised news conference that the impact on the overall economy from the illness was

G7 leaders urge tough line on Russia at start of summit

By Jeff Mason and Noah Barkin KRUEN, Germany (Reuters) – Leaders from the Group of Seven (G7) industrial nations backed a tough line toward Moscow at the start of a summit in the Bavarian Alps, with U.S. President Barack Obama urging the gathering to stand up to Russian aggression in Ukraine. Host Angela Merkel greeted Obama in the idyllic Alpine village of Kruen under blue skies, surrounded by locals in

G7 leaders urge tough line on Russia at start of summit

By Jeff Mason and Noah Barkin KRUEN, Germany (Reuters) – Leaders from the Group of Seven (G7) industrial nations backed a tough line toward Moscow at the start of a summit in the Bavarian Alps, with U.S. President Barack Obama urging the gathering to stand up to Russian aggression in Ukraine. Host Angela Merkel greeted Obama in the idyllic Alpine village of Kruen under blue skies, surrounded by locals in