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  • WASHINGTON, March 27- Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan to the United Nations ahead of a climate summit in Paris in December. After 2026, Mexico greenhouse gas emissions would become decoupled from economic growth, leading to a 40 percent...

  • WASHINGTON, March 27- Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan the United Nations ahead of a key climate summit in Paris in December. The White House praised Mexico for being the first major emerging economy to submit its national strategy to the...

  • STOCKHOLM— Lufthansa could face "unlimited" compensation claims for the crash that killed 150 people in the French alps and it would be difficult, even counterproductive, for the German carrier to try to avoid liability, experts said Friday. "So more or less you will have unlimited financial damage," said Marco Abate, a German aviation lawyer. To avoid liability, a...

  • Business events scheduled for the coming month Friday, 27 Mar 2015 | 1:21 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases international trade data for February, 8:30 a.m.; Commerce Department releases...

  • AMSTERDAM, March 27- The Amsterdam region suffered a power blackout of more than five hours on Friday that hit a million households, forced flights to divert from Schiphol airport and disrupted national public transport networks. After more than two hours without power, lights switched back on in the Amsterdam financial district and gradually returned to...

  • PARIS, March 27- French auto parts maker Valeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the end of the decade. While demonstrating an autonomous car and other prototype systems jointly developed with Safran, the French defence and aerospace group, Valeo said on...

  • Spain's 2014 budget deficit below that set by EU Friday, 27 Mar 2015 | 10:34 AM ET

    MADRID— Spain says its budget deficit in 2014 ended up slightly above its target but below that sought by the European Union. Finance Minister Cristobal Montoro said Friday the country's deficit amounted to 5.7 percent of Spain's GDP. Spain has pledged to get it down to 2.8 percent in 2016— below the 3 percent rule for countries that use the euro.

  • LJUBLJANA, March 27- U.S. investment firm Apollo is in advanced talks to buy Slovenia's second-largest bank Nova KBM, a person familiar with the matter told Reuters on Friday. Daily newspaper Delo earlier reported that Apollo was buying NKBM for about 200 million euros. Delo said the state and the buyer would share the risk in the event a court ruled NKBM had to...

  • DUESSELDORF, Germany, March 27- German authorities found torn-up sick notes showing that the pilot who crashed a plane into the French Alps was suffering from an illness that should have grounded him on the day of the tragedy, which he apparently hid from the airline. French prosecutors believe Andreas Lubitz, 27, locked himself alone in the cockpit of the...

  • ATHENS, March 27- Greece is submitting a long-awaited list of reforms to euro zone and International Monetary Fund lenders on Friday in the hope it will unlock badly needed cash, a Greek government official said. The European Union and IMF lenders, informally called the Brussels Group, will meet in Brussels later on Friday to start discussing it, the official said.

  • Separately, a government official said Greece has made clear during negotiations with the eurozone and International Monetary Fund that the country "will not continue servicing its public debt through its own means, if the creditors don't proceed directly with the disbursement of installments delayed since 2014.". Greece has been unable to borrow on...

  • UPDATE 1-Suicidal pilots hard to spot, say experts Friday, 27 Mar 2015 | 9:27 AM ET

    SINGAPORE/ SYDNEY, March 27- As investigators try to find out why a young German pilot deliberately crashed a passenger jet into the French Alps on Tuesday, pilots and psychologists warn it may be impossible to prevent similar incidents in the future. The International Civil Aviation Organization, which sets global aviation standards, recommends that someone...

  • DUESSELDORF, Germany, March 27- The pilot who crashed a plane in the French Alps had received a sick note from doctors showing he suffered a health condition that would have prevented him flying the day of the crash, which he apparently hid from his employer, German prosecutors said. "Documents with medical contents were confiscated that point towards an existing...

  • AMSTERDAM, March 27- Lights were coming back on in the Amsterdam region after a power outage on Friday morning that lasted over two hours and caused blackouts across the city, including at its airport, public transport, hospitals and its financial district. Major delays were expected at Amsterdam's Schiphol airport as a result of the outage, which briefly caused...

  • PARIS— France's leading pilots union said Friday it is filing a lawsuit over leaks about the investigation into the crash of a German jet into the French Alps. Pilots around Europe are angry that information about the final moments of the flight was reported in the media before prosecutors and others were informed. Guillaume Schmid of France's SNPL union told...

  • European air authority recommends 2 crew in cockpit Friday, 27 Mar 2015 | 7:37 AM ET

    COPENHAGEN, Denmark— The European Union's aviation safety agency recommended Friday that airlines always have two people in the cockpit of a flying aircraft after it emerged that the co-pilot of Germanwings Flight 9525 had apparently locked himself in alone to crash the plane. Before the recommendation, Lufthansa said it would move to the two-person rule "as...

  • ATHENS, March 27- Greece's outspoken Finance Minister Yanis Varoufakis is not planning to resign, two Greek government officials said on Friday, denying a report in Germany's Bild newspaper. After a celebrity photo shoot with his wife for Paris Match magazine angered officials from the ruling Syriza party, Varoufakis has appeared on fewer television shows...

  • THE HAGUE, Netherlands— The Dutch government is delaying a decision on the sale of nationalized bank ABN Amro amid anger at pay rises recently given to the bank's directors. Finance Minister Jeroen Dijsselbloem says in a brief letter to lawmakers Friday that the decision on selling ABN Amro, which was to have been taken by the end of March, has been postponed.

  • *Ukraine wants bondholders to accept debt writedown. *Entire IMF-led bailout for Ukraine at risk. Moscow bought the bonds from Kiev before a pro-Russian president was forced from power early last year, opening a rift which widened with the annexation of Crimea and a separatist rebellion in eastern Ukraine.

  • Federal Reserve Vice Chair Stanley Fischer said on Friday that the nonbank financial sector today is less vulnerable to the type of shocks that played a key role in spreading the U.S. financial crisis. Fischer, who chairs a Fed subcommittee on financial stability, said there is less leverage, less use of securitization, and more moderate reliance on short-term...