Eurozone leaders have reached a “unanimous” agreement over a third Greek bailout after marathon talks. EU chairman Donald Tusk said leaders agreed “in principle” on negotiations for the bailout, “which in other words means continued support for Greece”. Greece will now have to pass reforms demanded by the eurozone by Wednesday.
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Chan-hom, which struck the southcoast of Shanghai, is the most powerful storm seen by the country in decades according to weather experts. The deadly tornado has already claimed the lives of five people in the Philippines. And more than 20 people were injured in southern Japan before the storm hit China. The devastating cyclone dumped…
Malaysia Airlines is “technically bankrupt”, its chief executive has said, as he announced a restructuring programme and plans to cut about 6,000 jobs. The announcement follows the twin air disasters which forced its nationalisation last year. The airline said it had “offered jobs” to 14,000 of its 20,000 workforce. The move was expected and follows…
The world’s 85 wealthiest people have as much money as the 3.5 billion poorest people on the planet – half the earth’s population. that’s according to Oxfam’s latest report on the risks of the widening gap between the super-rich and the poor . The report, titled “Working for the Few,” was released Monday, and was…