EU leaders hope to win fight over tax evasion
European leaders to gather for summit overshadowed by rampant unemployment and the deepening eurozone recession
Middle East
Syrian army, Hezbollah attack rebels in border town, says opposition
Syrian troops supported by Hezbollah militants launch offensive to retake town near Lebanon from rebels, say opposition activists
Europe
Greece’s rescue fund to sell two banks
Fund will aim to sell Hellenic Postbank and Proton by mid-July, with big banks continuing to absorb small ones
Middle East
Netanyahu says Israel planning Syria scenarios
Israeli Prime Minister Benjamin Netanyahu holds out the prospect of further Israeli strikes inside Syria
Europe
NEWS ANALYSIS: Duped Spanish savers distrust state remedy
Savers shun state-supervised compensation scheme in favour of expensive lawsuits, prolonging a mis-selling scandal
Americas
Iran ‘behind US cyber blitz’
Series of cyber attacks on US banking websites was more powerful than public realised, say officials and security experts
Croatia trains bees to find land mines
Hundreds of square kilometres in Croatia are still suspected to be filled with mines from the Balkan wars in the 1990Americas
US nod for Texas natural gas exports signals new era
Obama administration opens door to new era of US energy exports by approving liquefied natural gas project
Americas
Texas to sue firms over Deepwater Horizon oil spill
Texas joins crowd of Gulf of Mexico states to file lawsuit against BP, Halliburton and others after one of the worst oil spills in US history
Asia-Pacific
Japan PM sets targets in latest growth strategy tranche
Abe’s growth strategy aims to triple infrastructure exports and double farm exports by 2020, as well as boost private investment

International companies
JPMorgan investors to decide Jamie Dimon’s future
Group of investors has demanded independent chairman to safeguard firm from possible future scandalsEurope
Glencore wields axe on Xstrata top brass
Glencore bosses tighten their grip on the miner and trader as shareholders vote out all former Xstrata directors
World
Kabel falls on Vodafone web deal
Germany’s largest cable operator falls the most since February after Vodafone strikes a deal to gain access to fast internet lines, reducing its need to purchase cable assets
Retail & Consumer
Richemont’s stock soars on solid growth
Sparkling results help allay fears on demand for luxuries
World
Thomas Cook stock surges on refinancing plan
Tour operator Thomas Cook says it plans to raise £1.6bn to restructure its borrowing as it cuts jobs and closes shops to pare costs
Dismantling the euro is the answer
Since nothing else can give way, it will have to be the euro system, write Brigitte Granville, Hans-Olaf Henkel and Stefan KawalecEurope
French leader Hollande urges eurozone government
Francois Hollande calls for economic government for eurozone with own budget, harmonised tax system and full-time president
Asia-Pacific
Cyclone kills 13, destroys thousands of homes in Bangladesh
More than 49,000 thatched houses destroyed when Cyclone Mahasen hit along Bay of Bengal
Americas
US tax chief forced out in conservative revenue targeting scandal
Washington’s top tax official fired as US president seeks to stem rising tide of criticism over Internal Revenue Service targeting of conservative groups
Americas
S&P downgrades Buffett’s Berkshire
Standard & Poor’s lowers Berkshire Hathaway’s credit grade by one level after the ratings company revises its criteria for evaluating insurers
African News
Donors pledge billions of euros to aid Mali recovery
International donors pledge €3.25bn to help Mali recover from conflict with al-Qaeda-linked Islamists
Asia-Pacific
Sharif will not need a coalition
Nawaz Sharif’s Pakistan Muslim League-Nawaz wins 124 out of 272 seats, with its nearest rival, the Pakistan People’s Party, taking 31
Europe
EU exit a threat to British trade, warn experts
Experts warn that quitting the European Union will force Britain not just to rework trade relations with the EU, but also with EU’s trade partners and probably the WTO
Americas
Monster tornado kills six in Texas
Powerful tornado rips through north Texas neighbourhood in deadliest severe storm outbreak in US this year
Asia-Pacific
Rio Tinto puts largest ‘red’ diamond on market
Diamond on offer at Argyle Pink Diamonds Tender, amid ‘explosion’ in demand from Asia for the rare pink-hued stones, with red seen as the pinnacle of the colour scale
Asia-Pacific
Consumers, exports buoy Japan growth
Consumer spending and export gains outweigh weakest business investment amid a reflation campaign mounted by Prime Minister Shinzo Abe
Asia-Pacific
S&P warns of economic slowdown if Russia fails to improve investment climate
Ratings agency warns that growth will remain constrained without structural reforms and doubts state’s ability to take tough decisions that will support reform
Europe
Vatican Bank lifts veil of secrecy
Institute for Works of Religion to publish accounts and launch website, auditors to ensure compliance with money-laundering rules, as it tries to improve transparency
Asia-Pacific
Anxiety drives up Indian gold premium
Speculation rife government may impose import curbs on bullion, writes Swansy Afonso
Europe
European ministers agree to ‘historic’ overhaul of fishing regulations
Fisheries ministers negotiate for 36 hours to reach deal to overhaul European Union’s Common Fisheries Policy, in a bid to restore devastated stocks










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