Congress

Philippines' Marcos signs $9 bln wealth fund into law

Philippine President Ferdinand Marcos yesterday signed into law a bill creating a $9 billion sovereign wealth fund aimed at boosting economic growth and infrastructure spending, but critics warned it will be prone to misuse.

Marcos had pushed Congress for swift approval of the bill, which was filed by his son and cousin late last year.

Canada unfreezes talks with Turkey on export controls after NATO move, source tells Reuters

Canada has unfrozen talks with Turkey on lifting export controls on drone parts after Ankara gave its nod for Sweden to join NATO, a person familiar with the talks said, a move seen as one of several concessions won in exchange for the Turkish blessing.

Restart attempt with Turkey via US

Washington is cultivating conditions to promote a political settlement at the highest level in order for Greece and Turkey to move within a new framework, which includes new balances in Aegean armaments, negotiations for the resolution of disputes, and the consolidation of the atmosphere of calm in a region of the Eastern Mediterranean deemed critical for NATO. 

US Senator Menendez says in talks with administration on F-16 sales to Turkey

US Senate Foreign Relations Committee Chairman Bob Menendez on Monday said there was a temporary "lull" in Turkey's "aggression against its neighbors" and said he is in talks with the Biden Administration about the hold he has on future US sales of F-16 fighter jets to Ankara.

US says to move forward with transfer of F-16 jets to Turkey

US President Joe Biden will move forward with the transfer of F-16 fighter jets to Turkey in consultation with Congress, US National Security Adviser Jake Sullivan said on Tuesday.

Speaking ahead of a summit of NATO leaders due to start later in the day in the Lithuanian capital Vilnius, Sullivan said Biden "had been clear that he supports the transfer."

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