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Chinese scientists to use animals to predict earthquakes

Rescuers carry out an elderly person from a collapsed house after a strong 6.6-magnitude earthquake hit Qingren township of Lushan county, Sichuan province. Picture: REUTERS

China Daily newspaper reports that seismological bureau has transformed farms into seismic stations, breeders provide twice-daily updates on animal behaviour


Nobel laureates celebrate Dalai Lama’s birthday


Fellow Nobel Peace laureates, celebrities join thousands of followers of spiritual leader to commemorate his 80th birthday


Greek party may turn to hangover as doomsday warning defied

Even as economists and European officials warn that the country will move closer to severing ties with the euro area, Greeks celebrate what they see as a better future


Four horsemen wait in the wings

A deserted factory stands in the industrial zone of the town of Thebes in Sterea Hellas region, Greece. File picture:  REUTERS/Yannis Behrakis

There’s more at stake for Europe than solely the future of Greece, writes Paul Taylor


Japan joins Australia and US in war games

The aircraft carrier USS Theodore Roosevelt crosses the Arabian Sea conducting maritime security operations. Picture: REUTERS/US NAVY/ANTHONY HILKOWSKI

Prime Minister Tony Abbott lauds ‘very, very important alliance’ as US and Australia kicked off huge joint biennial military exercise


UNEMBARGOED: Greek tragedy’s moral lesson for SA

Greece’s gorilla of a crisis took a long time to breed and feed


SA needs a concrete Brics strategy

The sixth Brics summit, was held in Brasilia, Brazil, last year. Russia, which hosts the bloc’s seventh summit in Ufa this week, will be looking to use it to project itself as a major power. Picture: REUTERS/UESLEI MARCELINO

Brics summit this week has ambitious agenda, write Peter Draper and Mzukisi Qobo

Middle East

Heavy US-led raids on IS Syria stronghold kill dozens

A man inspects damage from what activists said were barrel bombs dropped by forces loyal to Syria's President Bashar Al-Assad in Tafas town in Daraa, Syria, last week.  Picture: REUTERS

Thirty people, including six civilians, slain in some of US-led coalition’s heaviest air strikes yet


Beijing police detain man over online stock suicide rumour

A stock investor checks prices in a brokerage house in Shanghai on Monday. China's market continued falling despite money-easing policies announced at the weekend. Picture: EPA

Chinese authorities arrest man arrested for allegedly spreading rumour online that a person jumped to their death due to China’s precarious stock markets

A panoramic view of the Speicherstadt warehouse complex in Hamburg, Germany.  Picture: THINKSTOCK

Hamburg’s historic port warehouses win UN world heritage nod

UN cultural agency designates the ‘Speicherstadt’, the world’s largest historic warehouse complex, as a World Heritage site


Thai army chief says he won’t release 14 student critics of coup

Woman posts a message to show support for 14 students who have been arrested, on a board near the Bangkok Art and Culture Centre in Bangkok. Picture:  REUTERS/ATHIT PERAWONGMETHA

Students who were arrested after staging anti-coup rallies must face military court and will not be released beforehand, despite calls for charges to be dropped


Greeks defy Europe with overwhelming referendum

An anti-austerity 'no' voter waves a flag with the name of Prime Minister Alexis Tsipras as he celebrate the results of the first exit polls in Athens, Greece, on Sunday. Picture: REUTERS/MARKO DJURICA

Result leaves Greece in uncharted waters: risking financial and political isolation within the eurozone and a banking collapse if creditors refuse further aid


Cameron mulls a second vote on Syria air strikes

British Prime Minister David Cameron. Picture: REUTERS

British prime minister asks legislators to consider whether Britain should join US-led air strikes against Islamic State militants in Syria


BP to pay $18.7bn for Gulf oil spill

A fire blazes aboard the mobile offshore oil drilling unit Deepwater Horizon on April 22 2010. Picture: EPA

Agreement between British oil major and US government comes on top of the $43.8bn BP has already set aside for criminal and civil penalties and cleanup costs


Weak US employment report puts damper on September rate hike hopes

A woman walks to enter a line for the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York.  Picture: REUTERS

US job growth slows in June and Americans leave labour force in droves, tempering expectations for September interest rate hike from US Federal Reserve


Tsipras looks likely to do what he said he would not do

Alexis Tsipras, Greece's prime minister, stands and speaks to lawmakers inside the Greek parliament in Athens, Greece, on Sunday. Picture: KOSTAS TSIRONIS/BLOOMBERG

Six months into his tenure as Greek prime minister, Alexis Tsipras has pushed country to brink of eurozone exit Greece, teetering on edge of financial maelstrom


Greece is paying the price of excess spending

Greece is just the latest in a long line of countries to have faced the painful consequences of living beyond their means

International companies

Middle East

Waze to start carpooling pilot project in Israel


Google-owned online mapping company launches developmental programme that allows commuters to pay fellow drivers small fee for ride to, from work


Formula One owners not selling

Ferrari’s Sebastian Vettel during a practice session ahead of Sunday’s British Grand Prix. Picture: EPA/GEOFF CADDICK

Executive douses talk RSE Ventures and Qatar to buy CVC’s stake in a potential $7bn-$8bn deal

Picture: REUTERS

China on edge of precipice in vital week

China’s stock markets may be facing a make-or-break week after officials roll out unprecedented series of steps to prevent a full-blown stock market crash that could threaten world’s second-largest econom


Greeks deeply divided heading into crucial vote

A protester sports the word 'no' in Greek on his forehead as he waves a Greek flag during an anti-austerity demonstration in Syntagma Square in Athens, Greece, on Friday.  Picture: REUTERS

Rival rallies lay bare deep divide heading into referendum that may decide the country’s future in Europe’s single currency


Eyebrows raised as ECB adds assets to its purchase plan

'No' in Greek at the European Central Bank in Frankfurt. The bank has added assets to its liquidity programme and has the flexibility to make such adjustments to curb Greek-inspired volatility.  Picture: REUTERS/RALPH ORLOWSKI

The central bank is seeking to foster lending in the eurozone as the crisis in Greece roils markets across the region


Alibaba arm wants to become Chinese services juggernaut

Alibaba.com's head office in Hangzhou, Zhejiang Province, China. Picture: BLOOMBERG

Ant Financial Alibaba has designs on becoming all-round Chinese giant, is willing to let investors join in as it takes on entrenched state-run institutions

African Business

Orange is open to share sale of African, Middle Eastern business


Orange SA says it remains open to selling shares in Africa and Middle Eastern unit or bringing in strategic or financial partner as phone company reviews options for region

Arts & Entertainment

Prince pulls his music from most online streaming services


Pop icon Prince opens new chapter in fraught relationship with internet as he suddenly pulls his music from most streaming services


General Electric butters up EU regulators over Alstom deal

Steve Bolze, CEO of GE Power & Water, is part of a team meeting European Union regulators over GE’s €12.4bn bid for French multinational Alstom’s energy unit. Picture: BLOOMBERG/AARON M SPRECHER

GE Power & Water chief Steve Bolze likely to call for a broader assessment of the sector to take into account Chinese rivals, which the commission has excluded from its review of competition


Tsipras dismisses Europe’s warnings to Greece on vote

Greek Prime Minister Alexis Tsipras is seen on a television monitor while addressing the nation in Athens, Greece on Friday. Picture: REUTERS

Prime Minister Alexis Tsipras accuses European partners of blackmailing and issuing ultimatums to Greece

African News

UN acts on horrendous situation in South Sudan

An elderly South Sudanese woman waits to be taken to a refugee camp as the humanitarian crisis in the country has deteriorated over the past couple of months with millions going without food and civilians being attacked by marauding soldiers. Picture: REUTERS/THOMAS MUKOYA

UN Human Rights Council to send monitors to conflict-ravaged South Sudan amid allegations of horrific abuse


Economics is for people, says Piketty


Rock-star writer is keen to escape limelight, writes Anne-Sylvaine Chassany


IMF warns of huge financial hole as Greek vote looms

Picture: REUTERS

International Monetary Fund says Greece needs extra €50bn over the next three years, including €36bn from its European partners, to stay afloat


Obama takes time to enjoy ‘gratifying’ week

People along 5th Avenue during the annual 2015 New York City Pride March in Manhattan, USA, on June 28 2015. Gay and lesbian couples in the US have a constitutional right to marry in all 50 states, the Supreme Court ruled on June 26 2015. Gay rights activists and US President Barack Obama declared it 'a victory for America'. Picture: EPA/JOHN TAGGART

Legalisation of gay marriage, healthcare law, Congress passing legislation crucial to Pacific trade pact make for momentous week for President Barack Obama


Helios looks for investment partners

Helios chief operating officer Henry Obi says its Fund III has more than $800m looking for a home. Picture: FREDDY MAVUNDA

Africa-focused private equity firm 'well placed to share knowledge with South African companies' and has about $800m to invest in businesses in Africa


BP to pay $18.7bn for Gulf oil spill

A fire blazes aboard the mobile offshore oil drilling unit Deepwater Horizon on April 22 2010. Picture: EPA

Agreement between British oil major and US government comes on top of the $43.8bn BP has already set aside for criminal and civil penalties and cleanup costs


Anglo planning job cuts as investors push for bolder overhaul, sources claim

Anglo American CEO Mark Cutifani. Picture: REUTERS

Anglo American planning to cut staff at head offices around world in effort to respond to commodity price rout , sources csay


European firms feel Aegean waves


Greece’s turmoil ripples across corporate Europe as market rout sabotages planned bond sales and stock offerings


Greek pensioners besiege banks to grab cash

Pensioners waiting outside a closed National Bank branch and hoping to get their pensions, argue with a bank employee in Iraklio on the island of Crete, Greece, on Monday.   Picture: REUTERS

In chaotic scenes, thousands of elderly Greeks besiege nation’s crisis-hit banks, which reopened to allow them to withdraw vital cash from state pensions


Record 137,000 refugees and migrants cross Mediterranean this year, says UN

Hungarian riot police guard a metal fence that surrounds hundreds of refugees after riots broke out at a refugee camp about 220km east from Budapest, Hungary, on Monday. The United Nations said on Wednesday a record 137,000 refugees and migrants crossed the Mediterranean into Europe this year. Picture:  AFP PHOTO/STEVEN DEBORA

Numbers flooding across the Mediterranean — aided by brutal human traffickers — swell 83% compared with the first six months of 2014


How I’d vote on Sunday if I were Greek

Picture: REUTERS

Faced with the devil and the deep blue sea, Greeks might do better to risk the latter of sovereign default and monetary sovereignty

A stock investor checks prices in a brokerage house in Shanghai on Monday. China's market continued falling despite money-easing policies announced at the weekend. Picture: EPA

China’s brokers band together to curb market plunge

China’s 21 largest brokerage firms say they will invest more than $19bn in the country’s stock markets in order to curb its precipitous fall over the last three weeks


Tsipras makes plea to voters as economy buckles

Pro-euro protesters hold Greek national flags during a rally in front of the parliament building in Athens this week. As politics and posturing continue, Greeks are divided between defiance and desperation over whether to reject austerity measures. Picture: REUTERS/YANNIS BEHRAKIS

Prime Minister Alexis Tsipras bends on day three of capital controls, rationing pensions and intense European pressure after expiry of Greece’s bail-out


Greeks deciding ‘destiny’ in referendum, says Tsipras

Greek Prime Minister Alexis Tsipras votes at a polling station in Athens, Greece, on Sunday. Picture: REUTERS

Greeks vote in a tightly fought referendum to decide whether they are willing to accept worsening austerity in exchange for more bail-out funds


Electrolux set on buying all of GE Appliances


Swedish company defends bid for General Electric’s appliance unit after US justice department moves to block deal


LETTER FROM WASHINGTON: It’s not just about the flag, it’s about the banner

US President Barack Obama says removing the Confederate flag is not to insult the valour of fallen Confederate soldiers, but to acknowledge slavery was wrong


SA repeats call for US to lift trade blockade against Cuba

International Relations and Co-operation Minister Maite Nkoana-Mashabane briefs the media after delivering her vote speech in Parliament on Tuesday. Picture: TREVOR SAMSON

Minister says SA 'joins all progressive and freedom-seeking nations' in calling for lifting of unilaterally imposed blockade against Cuba


Grexit to test investor appetite for risky assets


Greek exit from eurozone would probably dampen investor appetite for risky emerging market assets, writes Colleen Goko


Finance minister to quit if Greeks vote yes

A woman puts up referendum campaign posters with the word

Finance Minister Yanis Varoufakis says Greece will not ‘extend and pretend’ that it can pay its debts


BoE warns that Greek crisis is becoming dangerous

Tthe Bank of England in London. Picture: BLOOMBERG

However, Bank of England deputy governor Jon Cunliffe says there is no sign yet of Greek debt crisis spreading to other countries on periphery of eurozone


End Cuban embargo, pleads Obama

The Chief of Mission at the US Interests Section in Havana, Jeffrey DeLaurentis, left,  meets Cuban interim Foreign Minister Marcelo Medina in Havana on Wednesday, after the official resumption of relations between the two countries. Picture:EPA/ALEJANDRO ERNESTO

US leader needs significant political momentum to get an ambassador to Cuba confirmed by the Republican-controlled Senate or the embargo lifted


Eurozone growth stays tepid but Asia perks up, data show

Asia’s largest economies show hints of healing but eurozone factory growth remains tepid


New Deutsche Bank CEO delays overhaul, warns staff to behave

John Cryan.  Picture: REUTERS

John Cryan delays implementing strategic overhaul by three months, but tells staff to expect tough reforms as he shakes up group he says has become too diversified


Tsipras stands firm on his opposition to bail-out

Alexis Tsipras, Greece's prime minister, stands and speaks to lawmakers inside the Greek parliament in Athens, Greece, on Sunday. Picture: KOSTAS TSIRONIS/BLOOMBERG

Defiant Prime Minister Alexis Tsipras urges Greeks to reject bail-out deal, wrecking any chance of repairing broken relations with European Union partners


Diageo offloads resort and golf venue


Diageo sells Gleneagles Hotel to group led by private-equity firm Ennismore Capital


Tesla owners gripe over recharge waiting

Elon Musk.  Picture: REUTERS

Tesla owners’ superchargers are the equivalent of gas pumps to quickly recharge their battery-powered vehicles


China vows to halt CO² emissions rise by 2030


China formally committed to halting the rise in its emissions within the next 15 years


No end in sight for China’s wild ride

A stock investor checks prices in a brokerage house in Shanghai on Monday. China's market continued falling despite money-easing policies announced at the weekend. Picture: EPA

Boom-and-bust stock market has become the norm, write Belinda Cao and Kana Nishizawa

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