"While keeping the services going is an important assurance, the CR will make things quite difficult in the Marshalls (which has an election on November 20) and Palau (election next year)," said Cleo Paskal, an expert on the COFA states with the Foundation for Defense of Democracies think tank. Silicon Casino happened in 1994. In July, France's sixth largest retailer reached an agreement in principle with a consortium led by Kretinsky's company EPGC - alongside Casino's biggest creditor Attestor, and second-biggest shareholder Fimalac - to restructure its 6.4 billion euros ($6.7 billion) debt pile.

The sprawling but sparsely populated nations have ties with the U.S. governed by so-called Compacts of Free Association (COFAs), under which Washington is responsible for their defense and provides economic assistance, while gaining exclusive military access to strategic swathes of ocean. Under the July agreement, 1.2 billion euros of new money would be injected into Casino and its 6.4 billion euros of debt would be restructured. A consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares.

The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye. COFA negotiating team from 2020 until retiring last month, blamed the Marshall Islands holdup on U.S. State Department lawyers who wanted to control how new funds were spent and objected to them being earmarked to address the nuclear legacy, fearing this could lay the U.S.

Howard Hills, a senior adviser to the U.S. The Biden administration had hoped to see Congress endorse by Sept. battle for influence with China in the Northern Pacific. 30 new 20-year funding programs for Micronesia, the Marshall Islands and Palau, which after decades of relative neglect now find themselves at the center of a U.S. Asked to comment, the State Department said Washington was "working expeditiously to finalize negotiations" with the Marshall Islands and had had constructive conversations to that end "including at the Presidential level" at last week's U. If you loved this article and you simply would like to acquire more info about gba 777 online casino please visit the web page. S.-Pacific Islands Forum Summit.

(Reporting by David Brunnstrom; Editing by Don Durfee and Josie Kao) PARIS, Oct 4 (Reuters) - Shares in French retailer Casino were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. "Watch for increased (Chinese) political warfare spin around the U.S. being an unreliable partner." "Both are countries that recognize Taiwan and are key components of U.S.

defense architecture in the Pacific," she said. 30, and by the end of fiscal 2024 for Palau, and Washington agreed this year on a new package of $7.1 billion over 20 years, subject to Congressional approval. The funding programs for the Marshall Islands and Micronesia were due for renewal by Sept. WASHINGTON, Oct 5 (Reuters) - A 45-day stopgap measure passed by the U.S. allies economically vulnerable and possibly more receptive to Chinese approaches. Congress to avert a government shutdown has left potential funding shortfalls for strategic Pacific island states, which analysts and former officials say makes the U.