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Brazil’s president defies impeachment calls

Brazil’s President Dilma Rousseff. Picture:  BLOOMBERG

Dilma Rousseff defies calls for impeachment, saying she will ‘not fall’, despite rock-bottom ratings and mounting political troubles


SA delegation in Russia for Brics summit

President Jacob Zuma, right, and Russian President Vladimir Putin. Mr Zuma was visiting Russia on Thursday to deepen bilateral ties between the Brics peers. Picture: GCIS

President Jacob Zuma arrives in Ufa‚ Russia, where he is leading South African delegation to seventh Brics summit‚ hosted by Russian President Vladimir Putin


UK remembers 2005 bombings under shadow of Tunisia

A file picture taken on July 7, 2005, shows the crime scene surrounding a London bus damaged by an explosion. Picture: AFP

Britons lay flowers at sites of 2005 London suicide bombings and hold nationwide minute of silence for 52 victims on tenth anniversary of attacks


Putin capitalises on Brics bank launch


Growing economic clout of Brics nations important for Russian President Vladimir Putin to deflect Western censure


Leaders to hold emergency summit on Greece

Greece has shut its banks and the stock market and imposed capital controls. Picture: AFP PHOTO/ARIS MESSINIS

Eurozone leaders to discuss fallout from defiant ‘no’ to further austerity measures, Prime Minister Alexis Tsipras set to unveil new proposals for talks


UNEMBARGOED: Greek tragedy’s moral lesson for SA

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


Thai military court releases 14 student protesters

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

Court releases students held for almost two weeks for holding anti-coup protests, but charges against them have not been dropped

An investor takes notes as he watches a board showing stock prices at a brokerage office in Beijing, China, on Monday.  Picture: REUTERS

China risk story just getting started, while Greece nearly over

The lesson for Beijing from Athens is that the longer it takes to address the underlying issues, the more painful it becomes, writes Clyde Russell


Venezuela recalls ambassador to Guyana amid territory dispute

Venezuelan President Nicolas Maduro.  Picture: REUTERS

Venezuelan President Nicolas Maduro recalls ambassador to Guyana for consultations amid escalating row over oil exploration in disputed offshore territory


Mexico imports petrol as thefts cause shortages


Mexico importing 75,000 extra barrels of petrol per day in "unprecedented" move to mitigate shortages in several states caused by illegal pipeline taps by criminals


Cosby admits to drugging woman for sex


Bill Cosby admits to having drugged at least one woman with Quaaludes in 1976 to have sex with her, in court documents that were unsealed on Monday


World’s oldest man dies at 112 in Japan

Sakari Momoi world's oldest man. Picture: AFP/JIJI PRESS

Supercentenarian Sakari Momoi was born months before Wright brothers made first successful flight, he died of kidney failure in care home in Tokyo


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


HSBC fires staff for mock Islamic State execution video

A man walks past an HSBC branch in the financial Central district of Hong Kong, China. Picture: REUTERS/BOBBY YIP

British bank fires employees after they film mock Islamic State-style execution video during team-building day, post footage online


German media giants discuss combining businesses

newspapers media xxx Picture: THINKSTOCK

Broadcaster ProSiebenSat.1, publishing company Axel Springer discuss transaction that would shake up media market in biggest economy in Europe


Facebook executive Sheryl Sandberg joins board of SurveyMonkey

Sheryl Sandberg, chief operating officer of Facebook, arrives with her husband David Goldberg, CEO of SurveyMonkey, for the first day of the Allen and Co. media conference in Sun Valley, Idaho in this July 9 2014 file photo. Picture: REUTERS

Facebook’s chief operating officer is taking seat on board of SurveyMonkey, the online polling company that was run by her late husband, Dave Goldberg

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


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


ECB takes centre stage after Greeks reject further austerity

A euro sign stands outside the European Central Bank’s headquarters in Frankfurt, Germany. Picture: REUTERS

European Central Bank governing council unlikely to pull the trigger on Greece but hardline stance could grow as Emergency Liquidity Assistance facility falters


Buffett donates record $2.84bn to Gates, family charities

Warren Buffett. Picture: BLOOMBERG/JEFF KOWALSKY

Billionaire Warren Buffett donates about $2.84bn of Berkshire Hathaway stock as part of his plan to give away nearly all of his wealth


Cheers fade as Greeks face reality

Pensioners are given priority tickets as they wait to receive part of their pensions at a National Bank branch in Athens, Greece, on Monday.  Picture: REUTERS

Fear starts to spread that the country’s banks could run dry within hours or days, forcing companies out of business


Nobel laureates celebrate Dalai Lama’s birthday


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


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


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

Middle East

Disputes over missiles and arms embargo hold up Iran talks

US Secretary of State John Kerry, British Foreign Secretary Philip Hammond and Russian Foreign Minister Sergey Lavrov sit around the table at the Palais Coburg Hotel where the Iran nuclear talks meetings are being held in Vienna, Austria on Monday. Picture: AFP

Nuclear deal would include a Security Council resolution to terminate all United Nations nuclear-related sanctions while simultaneously re-imposing other existing restrictions on Iran


Greek finance minister resigns

Yanis Varoufakis. Picture: EPA/VALDA KALNINA

Yanis Varoufakis says Prime Minister Alexis Tsipras believes it will help smooth the path to a new aid deal

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


Hamburg’s historic port warehouses win UN world heritage nod

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

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


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


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


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


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

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

SA needs a concrete Brics strategy

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


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


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


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


Economics is for people, says Piketty


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

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


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


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


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


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


China’s brokers band together to curb market plunge

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 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


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


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

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