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Asia-Pacific

At least 116 dead in Indonesian military aircraft crash, officials say

Indonesian rescuers extinguish a fire after a military plane crashed while they search for victims in Medan, North Sumatra, Indonesia, on June 30 2015. At least people 20 were killed when a military transport plane crashed into a residential area of Indonesia's Medan city and burst into flames, a hospital staffer said. The Hercules C-130 plane was carrying 12 crew members and an unknown number of passengers, according to local military commander Dwi Putranto. Picture: EPA/DEDI SAHPUTRA

At least 116 people are killed when airforce transport aircraft crashes into major city shortly after take-off and explodes in fireball, officials say

Europe

EU urges Greece to vote ‘yes’ to euro

Alexis Tsipras. Picture: BLOOMBERG / KOSTAS TSIRONIS

European Commission makes last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept bail-out deal he has rejected

Americas

Uber acquires mapping assets from Microsoft

The Uber logo is seen on a vehicle near Union Square in San Francisco, California May 7, 2015. REUTERS/ROBERT GALBRAITH

Uber is buying digital-navigation tech and hiring employees from Microsoft, furthering car-hailing company’s pursuit to control mapping that powers its app

National

Competition Commission fines Japanese shipping company millions

Picture: Surf4Cars

Commission hits shipping company with R104m fine after it admits to fixing its prices on SA car imports and exports

Europe

Greece to reopen bank branches for pensioners

Picture: AFP PHOTO/ARIS MESSINIS

Greece will re-open 1,000 bank branches from Wednesday until end of week to cater for pensioners who do not use cash cards for automated teller machines

Europe

Greece on brink as debt deadline arrives

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/STEFANOS RAPANIS

Gauges of stock volatility surge throughout the world as the weekend meltdown in Greece collide with China’s market unravelling

Europe

Blow to British fracking as drilling plans rejected

Hydraulic fracturing drilling. Picture: THINKSTOCK

Britain’s hopes of expanding shale gas industry suffer blow when local authorities reject plans for exploratory fracking site in northwest England following protests

Opinion

LETTER FROM LONDON: UK visa changes would hit SA firms and nurses

British businesses warn against Prime Minister David Cameron’s proposals to tighten visa regulations for skilled migrants

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

No end in sight for China’s wild ride

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

Markets

Markets brace for 61-second minute

Picture: THINKSTOCK

Planet is slowing down, but clocks are not, so every few years one second is added, this will be first leap second during trading hours since markets went electronic

Americas

Conservative Republicans question what’s next after gay marriage ruling

A man waves a flag in front of the Supreme Court Building on Friday in Washington.  Picture: MARK WILSON/GETTY IMAGES/AFP

Several presidential hopefuls call for constitutional amendments or civil disobedience to turn back the Court’s landmark ruling

Europe

Eurozone readies for Greek default after Tsipras referendum call

Wolfgang Schaeuble. Picture: REUTERS/FABRIZIO BENSCH

Country faces a default that could push it out of the euro and cause ripple effects across the European economy and beyond

Middle East

Iran nuclear talks set to go beyond deadline as differences remain

Iran's Foreign Minister Mohammad Javad Zarif. Picture: REUTERS

Iranian Foreign Minister Mohammad Javad Zarif to leave Vienna and return to Tehran for consultations with the country’s leadership on the state of negotiations

Europe

Greek banks to remain closed for a week after run on ATMs

Greek banks closed. Picture:  REUTERS/ALKIS KONSTANTINIDIS

Greece announces it will shut banks and impose capital controls, pleading for calm after citizens empty cash machines in dramatic escalation of country’s debt crisis

Europe

IMF won’t help Greece if June 30 payment not made, says Lagarde

International Monetary Fund MD Christine Lagarde. Picture: REUTERS

IMF head says referendum scheduled in Greece for July 5 will be asking voters to weigh creditors’ proposals that are no longer under consideration

Middle East

Kerry, Zarif see hard work ahead as Iran nuclear talks begin

John Kerry. Picture: REUTERS/CHARLES PLATIAU

With a deadline approaching on Tuesday, each side seeks to place the onus on the other to finalise a deal


International companies


Companies

Rio Tinto smelter in New Zealand faces possible power crunch

Smoke billows from chimneys at the Rio Tinto alumina refinery in Gove, 650km east of Darwin in Australia's Northern Territory.  Picture: REUTERS

Aluminium smelter, which has suffered losses in two of last three years, faces July 1 deadline to decide whether to extend power supply contract with Meridian Energy

Companies

Mahindra aims for double-digit growth in Africa

The extended wheelbase provides for a larger load box.  Picture: QUICKPIC

Utility and tractor producer sets up Africa-focused business unit, hopes aggressive expansion will help spur 10-fold increase in business

Asia-Pacific

China eases rates to prop up markets

A vendor waits for buyers at her pet fish stall in Beijing. Although the Chinese stock market rallied last year, this did not have a trickle-down effect on retail sales figures. However, this does not mean that a stock market downturn would similarly not affect them. Picture:  EPA/WU HONG

Decision to cut both lending rates and reserve requirements at some banks seen as almost entirely driven by the need to stabilise Chinese bourses after they lost 20% in a few weeks

Picture: REUTERS

Sony plans $3.6bn offering

Sony to issue new shares for first time since 1989, part of capital-raising plan that highlights potential of its fast-growing sensor business, but leaves some investors nervous

Europe

German prosecutors investigate Deutsche Bank

Deutsche Bank. Picture: BLOOMBERG/KRISZTIAN BOCSI

Prosecutors say they are investigating five individuals in connection with Deutsche Bank’s participation in global interest rate rigging scandal

Europe

Climate of rumours and conspiracy envelops Greece

French President Francois Hollande delivers a statement after holding a council meeting on Greece at the Elysee Palace in Paris, France, on Monday.  Picture: REUTERS

Greeks struggle to adjust to shuttered banks, closed cash machines, conspiracy theories as breakdown in talks between Athens, creditors plunges country into crisis

Americas

Amazon to offer loans to sellers in China, seven other countries

OVERKILL: Amazon’s Mechanical Turk online work marketplace proved a useful resource for researchers wanting to discover at what point in-your-face advertisements become counterproductive.  Pcture: BLOOMBERG/DANIEL ACKER

E-retailer will launch loan plan for small sellers later this year in eight more countries where credit is becoming key factor in competing for new vendors

Europe

Greek banks shut as standoff with EU escalates

Anti-austerity protesters burn a euro note during a demonstration outside the European Union offices in Athens, Greece, on Sunday. Picture: REUTERS

Banks kept afloat by emergency funding from the European Central Bank are on the front line as Athens moves into crunch week

Europe

Sky mulls bid of £4.5bn for Formula One

Formula One commercial supremo Bernie Ecclestone. Picture: REUTERS

Bidders line up for one of the most valuable prizes in global broadcasting, but Grand Prix team chiefs have warned of empty seats, fewer television viewers and races increasingly dominated by a handful of drivers

Asia-Pacific

Revellers hurt in Taiwan party fire

People run from a blaze at the Formosa Fun Coast water park, on the outskirts of the capital, Taipei, in this still image taken from video shot at the scene. Picture:  REUTERS/MS HUANG

Investigators suspect coloured powder in sudden explosion and fire ball that engulfed nearly 500 young revellers

Asia-Pacific

Hanoi to lift business restrictions

A man drives past the Hanoi Stock Exchange, in Hanoi, Vietnam, on Friday. Vietnam's government has approved the removal of foreign ownership caps on most listed firms. Picture: REUTERS

Communist government scraps rules limiting the stake foreigners can own in some locally listed companies in move to boost growth

Europe

Bank wary of ultra-low global interest rates

Picture: THINKSTOCK

Bank for International Settlements warns global economic growth remains uneven, debt in many areas high and rising, and explosion of credit growth shows renewed financial imbalances

Middle East

Fighting intensifies as IS re-enters Kobane

A picture taken from the Turkish side of the border shows smoke rising after renewed attacks by Islamic slamic StateState in Kobane on Thursday.   Picture: EPA/STR

Islamic State detonate a suicide car bomb near the border crossing adjacent to Kobane as they launch an assault

Europe

French interior minister calls for national clampdown on UberPOP

The Uber logo is seen on a vehicle near Union Square in San Francisco, California May 7, 2015. REUTERS/ROBERT GALBRAITH

French interior minister calls for nationwide legal clampdown on UberPOP, siding with taxi drivers blockading major transport hubs in protest against it

Americas

US and China bridge some economic differences

AMBITIONS: US President Barack Obama, left, and Chinese President Xi Jinping drink a toast in Beijing on Wednesday. Picture: REUTERS

Negotiators on both sides suggest gaps have been closed in talks on bilateral investment treaty, although major strategic disagreements remain

Europe

Paris confronts Airbnb’s rapid growth

Picture: THINKSTOCK

Housing officials in Paris are cracking down on tourist rentals, such as those Airbnb offers, saying their growth is driving out residents

Europe

French interior minister calls for national clampdown on UberPOP

The Uber logo is seen on a vehicle near Union Square in San Francisco, California May 7, 2015. REUTERS/ROBERT GALBRAITH

French interior minister calls for nationwide legal clampdown on UberPOP, siding with taxi drivers blockading major transport hubs in protest against it

Americas

Muilenburg has big decisions to make at Boeing

Dennis Muilenburg. Picture: BLOOMBERG/CHRIS RATCLIFFE

On his watch Boeing must decide whether to pursue a $10bn takeover of Sikorsky Aircraft, move forward on an all-new jetliner and keep — or cancel — the venerated 747 jumbo

Asia-Pacific

Mining mechanisation may leave SA behind

Workers exercise before work at an iron-ore mine in Western Australia. Automation at mines in the region is driving down production costs and prices of the metal. Picture: REUTERS/DAVID GRAY

Technological innovation is driving down costs while reducing the workforce, writes Clyde Russell

Europe

NEWS ANALYSIS: Enigmatic Tsipras faces critical decision

Greek Prime Minister Alexis Tsipras pauses during a news conference with Austrian Chancellor Werner Faymann (not pictured) at Maximos Mansion in Athens, Greece, on Wednesday. Picture: BLOOMBERG/KOSTAS TSIPRAS

Greek Prime Minister Alexis Tsipras has to make decision that will shape future of Greece for decades, negotiating partners are not sure which way he will jump

Middle East

Iran nuclear deal still in the balance

US Secretary of State John Kerry, left, and Sartaj Aziz, adviser to Pakistan's prime minister on foreign affairs, address a news conference in Islamabad, Pakistan, on Tuesday.  Picture: EPA / T  MUGHAL

Ahead of weekend talks, Iran’s leader sticks to tough ‘red lines’ and US Secretary of State John Kerry warns failure is possible

Europe

Swiss to fight rush to safety

A display shows the evolution of Swiss franc's exchange rate against the Euro at the office of Swiss bank UBS at the Bahnhofstrasse in Zurich on Thursday.  Picture: REUTERS

Franc faces upward pressure from ultra-loose monetary policy in the eurozone, where the debt crisis in Greece is reaching a decisive phase

Americas

US Supreme Court upholds key Obamacare insurance subsidies

Barack Obama. Picture: REUTERS

Court hands President Barack Obama major victory by upholding tax subsidies crucial to his signature healthcare law

Opinion

Rule of law needed for sovereign debt

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

There can be no voluntary renunciation of sovereign immunity, just as no person can sell himself into slavery

Picture: THINKSTOCK

Landmark US Supreme Court ruling legalises gay marriage nationwide

Court rules 5-4 that the constitution’s guarantees of due process and equal protection under the law mean that states cannot ban same-sex marriage

Asia-Pacific

At least 20 dead after Indonesian military aircraft crashes in flames

Indonesian rescuers extinguish a fire after a military plane crashed while they search for victims in Medan, North Sumatra, Indonesia, on June 30 2015. At least people 20 were killed when a military transport plane crashed into a residential area of Indonesia's Medan city and burst into flames, a hospital staffer said. The Hercules C-130 plane was carrying 12 crew members and an unknown number of passengers, according to local military commander Dwi Putranto. Picture: EPA/DEDI SAHPUTRA

Airforce transport aircraft crashes into residential area of Medan shortly after take-off, exploding in fireball and killing at least 20 people

World

Fifa’s band of dodgy men who lined their pockets

Former Fifa president Joao Havelange was named in leaks as being a recipient of bribes while he was head of the organisation. Picture: REUTERS/DENIS BALIBOUSE

Soccer’s world governing body built an evil empire of bribes and commissions, writes Luke Alfred

Europe

Greece considers capital controls, closing banks on Monday

Picture: THINKSTOCK

Savers queue to withdraw cash, taking Athens’ standoff with the EU and the IMF to a dangerous new level

Opinion

EDITORIAL: EU faces tough choices on Greece

A protester waves a Greek flag at the entrance of the parliament building during a rally calling on the government to clinch a deal with its international creditors and secure Greece's future in the eurozone, in Athens on Monday. Picture: REUTERS

Debt forgiveness is inevitable, and the sooner this is confronted and enacted, the sooner the Greek economy will be stabilised

Europe

Decapitated head found in suspected French Islamist attack

Emergency personnel work at the scene of a suspected Islamist attack, outside a factory in Saint-Quentin-Fallavier, southern France, on Friday. Picture: EPA/MAXIME JEGAT

Decapitated head covered in Arabic writing is found at US gas company in southeast France after two assailants ram car into premises, exploding gas containers

Europe

Tsipras calls referendum to break bail-out deadlock

Alexis Tsipras. Picture: REUTERS/ALKIS KONSTANTINIDIS

Greece’s parliament convenes on Saturday to approve the referendum plan with government ministers confident Greeks will vote no and reject the bail-out demands

Asia-Pacific

Expect ‘tantrums’ in world markets

Picture: THINKSTOCK

Indian central bank head warns of more volatility on par with the ‘taper tantrum’ in 2013

Financial Services

Healthcare deal eyed in Nigeria

Picture: THINKSTOCK

Kagiso Tiso Holdings eyes healthcare sector in Nigeria as it builds a pan-African investment company

Europe

France, Germany offer to unfreeze aid to Greece in exchange for reforms

Picture: THINKSTOCK

Leaders of Germany and France offer to release billions in frozen aid in last-minute push to talk Greece into contentious pension reforms

Soccer

Swiss authorities examine Fifa grants

Fifa president Sepp Blatter, far left, delivers an opening speech at the 65th FIFA Congress in Zurich, Switzerland, on Friday.   Picture: REUTERS

Anonymous source confirms Swiss authorities are investigating development grants, says South African officials are not co-operating with investigators

Europe

Nato denies being forced into arms race with Russia

Vladimir Putin. Picture: Picture: REUTERS/MAXIM ZMEYEV

Nato secretary-general Jens Stoltenberg says US decision to store tanks and heavy weaponry in eastern European countries was a defensive measure

Europe

US agency spied on French presidents, says WikiLeaks

French President Francois Hollande. Picture: REUTERS

WikiLeaks says US National Security Agency spied on French presidents Jacques Chirac, Nicolas Sarkozy and Francois Hollande

Asia-Pacific

South Korea unveils $14bn stimulus package to spur growth

South Korean Finance Minister Choi Kyung-hwan. Picture: EPA/YONHAP

South Korea announces $14bn stimulus package to boost troubled economy, hammered by deadly MERS outbreak, which has dented business sentiment

Europe

Putin ‘saved my life’, says Yanukovych

Ukrainian President Viktor Yanukovych takes his seat at the opening ceremony of the 2014 Winter Olympics in Sochi last week. Picture: REUTERS

Former Ukraine president Viktor Yanukovych thanks Russian President Vladimir Putin for "saving my life" during the bloody demonstrations that led to his ouster

Middle East

Iran MPs pass bill to safeguard nuclear ‘rights’

Hassan Rouhani. Picture: REUTERS

Iran’s parliament passes bill obliging government to safeguard country’s "nuclear rights", despite talks with global powers on curbing disputed atomic programme

Europe

UK panel to decide on fracking

A demonstrator holds a placard in front of a police cordon outside the entrance to the IGas Energy exploratory gas drilling site at Barton Moss near Manchester, northern England, on Monday.  Picture: REUTERS

Lancashire County Council to decide whether to allow first onshore hydraulic fracturing for shale gas in Western Europe since 2011

Europe

EU warns of sanctions over violence in Burundi crisis

Pierre Nkurunziza. Picture: AFP PHOTO

Donors have already cut aid intended to support the upcoming elections while there is concern in the region after at least 70 people died in violent protests

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