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German lawmakers back Greek bailout talks despite rebellion

BERLIN German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. The Bundestag lower house of parliament, whos... More »

Future of BBC up for grabs as UK government kicks off review

LONDON Britain’s newly elected Conservative government signalled on Thursday it would cut back the BBC, the opening salvo in a battle over the future of the world’s biggest public service broadcaster. Any attempt to change the 92-year-old broadcaster provokes ... More »

BT could be broken up to improve Britain’s broadband networks

LONDON Britain’s telecoms regulator is seriously considering a break up of dominant provider BT, after rivals accused it of abusing its market position and failing to invest in the broadband networks they rely on. Ofcom floated the idea of a forced separation ... More »

One in four dogs at top show Crufts found to be overweight

LONDON A quarter of dogs competing in the world’s biggest dog show are overweight, scientists said on Monday. An analysis of canines at Britain’s Crufts show – held annually since the reign of Queen Victoria – found 74 percent were in ideal condition but 26 pe... More »

Euro zone clinches deal with Greece after all-night haggle

BRUSSELS Euro zone leaders clinched a deal with Greece on Monday to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit. “Euro summit has unanimously reached agreement. All ready t... More »

Oil tumbles as Iran nuclear deal looms

LONDON Oil prices tumbled on Monday as Iran and six world powers closed in on a final nuclear deal that would end sanctions on the Islamic Republic and let more Iranian oil on to world markets. News of a unanimous agreement by European leaders on a bailout loa... More »

Euro zone leaders: Greece must do more to earn rescue

BRUSSELS Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday it must enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the European currency area. Leftist Prime Minister Alexis... More »

Taiwan courts tech start-ups to drive economic growth

TAIPEI Companies such as electric motor scooter firm Gogoro could hold the key to Taiwan’s economic growth. In just three years, the start-up, which counts Japan’s Panasonic Corp as a strategic partner and Cher Wang, the founder of local smartphone maker HTC C... More »

This just in: Greek newspapers running out of paper

ATHENS With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again. The island’s biggest selling newssheet, Emp... More »

Vodafone inks deal to offer Mediaset content to Italian clients

MILAN British mobile phone giant Vodafone has reached an agreement with Mediaset to offer pay-TV content of the Italian broadcaster to its customers in the southern European country, the two companies said in a joint statement on Thursday. The offer, which bun... More »

Gene therapy for deafness moves a few steps closer

LONDON Gene therapy for deafness is moving closer to reality, with new research on Wednesday showing the technique for fixing faulty DNA can improve responses in mice with genetic hearing loss. Separately, a clinical trial backed by Novartis is under way to he... More »

Tour de France back on German TV with a bang

AMIENS, France After a three-year hiatus live coverage of the Tour de France is again being broadcast on public television in Germany and is enjoying increased attention buoyed by the success of their riders. German TV has had a troubled relationship with the ... More »

Greece faces last chance to stay in euro as cash runs out

BRUSSELS/ATHENS Greece faces a last chance to stay in the euro zone on Tuesday when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout. With Greek bank... More »

New Greek finance minister is a change of style, not substance

ATHENS Euclid Tsakalotos, the mild-tempered professor who was appointed as Greece’s new finance minister on Monday, is a clear change in style from his combative predecessor Yanis Varoufakis. The 55-year-old Tsakalotos studied at prestigious private London sch... More »

Asia shares wilt as China tanks, euro awaits Greece summit

TOKYO Most Asian stocks drooped on Tuesday as Chinese equity markets went into a fresh tailspin, fraying investor nerves already strained by uncertainty hanging over the future of Greece and the European currency union. Chinese shares fell more than 5 percent ... More »

WHO urges governments to raise tobacco taxes to beat smoking

LONDON Governments around the world should increase taxes on cigarettes and other tobacco products to save lives and generate funds for stronger health services, the World Health Organization (WHO) said on Tuesday. In a report entitled “The Global Tobacco Epid... More »

Boeing says loss of Ex-Im Bank would be competitive disadvantage

WASHINGTON Loss of U.S. Export-Import Bank financing would put Boeing Co (BA.N) at a “huge competitive disadvantage” since its rivals still have access to such financing support, the head of the company’s commercial aircraft division told reporters on Monday. ... More »

ProSieben, Springer in early merger talks: sources

MUNICH/FRANKFURT German broadcaster ProSiebenSat.1 and German publishing house Axel Springer have reignited talks for a merger, seeking to consolidate their push into digital media, two sources familiar with the matter said on Monday. Axel Springer, the publis... More »

Djokovic recovers as match suspended, Serena wins

LONDON After three hours and two minutes of combat, Novak Djokovic and Kevin Anderson were forced off court in the twilight with their last 16 clash tantalizingly poised at two sets all and their Wimbledon audience begging for more. The match was halted as dus... More »

Serene Federer in seventh heaven at Wimbledon

LONDON It was a case of 7-7-7 for Roger Federer at Wimbledon on Monday as he fired down seven aces, won seven games on the trot and sat through a seven-minute injury timeout in an otherwise serene 6-2 6-2 6-3 win over Roberto Bautista Agut. The Spaniard became... More »

Bad light stops Djokovic after epic fightback

LONDON Holder and top seed Novak Djokovic suffered an almighty scare against South African giant Kevin Anderson before bad light halted play with the score tied at two sets all in their fourth round match at Wimbledon on Monday. The world number one lost the f... More »

Fury to meet world champion Klitschko in October

LONDON Unbeaten British boxer Tyson Fury will get a shot at the world heavyweight title in October after agreeing terms for a meeting with champion Wladimir Klitschko. The 39-year-old Ukrainian’s WBA, WBO, IBF and IBO crowns will be on the line when the pair m... More »

Dutch PM says Greece must accept deep reforms

AMSTERDAM The Netherlands’ prime minister, Mark Rutte, said on Monday that Greece will have to accept deep reforms if it wants to remain in the euro zone. In a debate in parliament in the wake of Greece’s “No” vote on the terms of a bailout package from its cr... More »

BlackRock’s Koesterich: Greece vote raises chances of euro exit

NEW YORK Greece’s sound rejection of a bailout at a referendum on Sunday increased the chances it may leave the euro zone, but Athens and its creditors could still reach a deal, said a top strategist for BlackRock Inc, the world’s largest asset manager. “It do... More »

Tunisia objects to HSBC settlement in Geneva

ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($43 million) to settle a money laundering investigation at its Swiss private bank, a lawyer representing the North African country said on Monday. After four months of in... More »

Keeping Greece in euro zone still the aim: Dijsselbloem

THE HAGUE Greece’s ‘No’ vote has made discussions with its creditors more difficult, but the aim remains to keep the country in the euro zone, the head of the bloc’s finance ministers said on Monday. “It doesn’t bring us closer to a solution right away. In fac... More »

Tunisia seeks to block HSBC settlement in Geneva: paper

ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($42.5 million) to settle a money laundering investigation at its Swiss private bank, Swiss newspaper SonntagsZeitung reported on Sunday. After four months of inquiries Ge... More »

UK’s Osborne to hit BBC to fund welfare cuts: Sunday Times

LONDON British finance minister George Osborne plans to launch a 650 million pound raid on the BBC to help cover the country’s benefits bill, forcing the corporation to meet the cost of free television licences for the over-75s, the Sunday Times said. It quote... More »

Vivendi pushes out Canal+ chief as profits shrink

PARIS French media group Vivendi pushed out Rodolphe Belmer as chief of its Canal Plus unit on Friday amid disappointment over what one source said was a failure to rejuvenate the pay-TV channel and halt a drop in sales and profits. The move came amid a high-p... More »

Mexican firm sorry for royally selling president short

MEXICO CITY It could have been the height of diplomatic embarrassment for Mexico’s president. When Enrique Pena Nieto hosted towering King Felipe of Spain this week, it was a tongue-in-cheek paint ad ridiculing his 10- inch height deficit that grabbed the head... More »

BBC to cut over 1,000 jobs as Britons trade TVs for tablets

LONDON The British Broadcasting Corporation will cut more than 1,000 jobs to cover a 150-million-pound gap in license fee income next financial year as millions of viewers turn off their televisions and watch programs on tablets and mobile phones. The BBC, the... More »

EU in last-ditch bid to Greece, urges ‘yes’ vote to bailout

ATHENS The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU partners say will be a choice of whether to stay in the e... More »

China stock slide adds to Greek jitters- yen, bonds in favor

HONG KONG Asian shares held near five-month lows on Tuesday after Chinese stocks took another leg down while safe-haven assets received a boost as investors nervously awaited further developments in the deepening euro zone crisis. China’s stocks .SSEC tumbled ... More »

EU in preliminary deal to scrap mobile roaming fees by mid-2017

BRUSSELS The European Union reached a preliminary deal on Tuesday to scrap mobile roaming charges across the 28-country bloc by June 2017 as part of an overhaul of the continent’s telecoms market to boost growth and innovation. “Under the agreement, roaming su... More »

Lufthansa strikes postponed until mid-July, union says

FRANKFURT Talks to resolve a pay dispute at German airline Lufthansa (LHAG.DE) have made enough progress to lift the threat of any immediate work stoppages, flight attendants’ union UFO said early on Tuesday. Lufthansa had faced a June 30 deadline to make conc... More »

Froome buckled up for rocky Tour de France challenge

PARIS Chris Froome struggled for form, then crashed but the Briton looks ready just in time to compete for a second Tour de France title although micro managers Team Sky will struggle to control the race like they usually do. Froome, who claimed the 2013 Tour ... More »

Pinot hunting Tour de France glory

PARIS Thibaut Pinot owns a pet lamb but on his bike the French climber is more of the predator type and he is looking to administer some hurt to his rivals in this month’s Tour de France. The FDJ rider, third overall last year after having won a stage on his d... More »

Barguil, Yates share common path towards the Tour

PARIS Hot prospects Warren Barguil and Simon Yates have been tipped to win the Tour de France one day, yet neither is riding for a team from their home country as they learn the ropes abroad. France’s Barguil, 23, is with Dutch team Giant-Alpecin while Briton ... More »

U.S. stock futures up, euro sags as markets eye Greece

TOKYO U.S. stock futures edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a debt payment due later in the session, raising the likelihood of the cash-strapped nation’s exit from the euro zone. Greece will no... More »

Anti-austerity protests in Greece as bank shutdown bites

ATHENS Tens of thousands of Greeks rallied on Monday to back their leftwing government’s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system. With a po... More »

Serena and Djokovic up and running at Wimbledon

LONDON Novak Djokovic and Serena Williams made strong cases for the less is more approach to Wimbledon build-ups with resounding victories at a sunny All England Club on Monday. Defending men’s champion Djokovic, who has been training in the south of France ra... More »

France attack suspect admits killing, police make link to Syria

PARIS The suspected Islamist who attempted to blow up a French chemical plant on Friday has admitted killing his manager beforehand, a source close to the investigation said on Sunday, as police linked the suspect to a militant now in Syria. Yassin Salhi, 35, ... More »

Come to the theater, ride a chandelier, play a role in show

NEW YORK Aerialists descend in a giant chandelier and lift a guest back up with them, a showgirl leads an audience member back in time to a 1920s Parisian nightclub and actors single out guests for a mysterious experience yet to come. Immersive theater product... More »

Unfazed by Greece, some fund managers stay bullish on Europe

NEW YORK (This version of the story corrects title of analyst in second paragraph, shows Thornburg has reduced, not eliminated currency in 10th paragraph.) The prospect of Greece defaulting on its debt has long been viewed as the recipe for a global stock mark... More »

Harry Potter play to hit London stage next year, says Rowling

LONDON Harry Potter, the world’s most famous boy wizard, is set to make his debut on the London stage next year in a new play called the Cursed Child which has been created in collaboration with author J.K. Rowling. Rowling said on her Twitter feed that the ne... More »

Down memory lane with Frida Kahlo and Diego Rivera

MEXICO CITY The love story of Mexican painters Diego Rivera and Frida Kahlo has played out in books, opera and a Hollywood movie.     Mexico City is also a memory lane of their stormy romance, with murals and museums marking their early encounters, shared Comm... More »

Pro7 buys price comparison site Verivox from Oakley

FRANKFURT German media group ProSiebenSat.1 has agreed to buy 80 percent of German energy price comparison site Verivox from Oakley Capital for 170 million euros ($190 million). The price tag for Verivox, ProSieben’s largest digital acquisition so far, could r... More »

Scientists crack gene secret that lets poppies make morphine

LONDON Scientists have identified a key gene used by poppies to make morphine, paving the way for better methods of producing the medically important drug, potentially without the need for cultivating poppy fields. The latest finding follows recent success in ... More »

London luxury art fair displays high-end wheels to boot

LONDON Italian luxury car maker Maserati is showcasing its hand-crafted Quattroporte S in an unlikely setting: at the Masterpiece London art and antiques fair, which opened on Thursday in a plush tent on the grounds of Chelsea’s Royal Hospital. Featuring among... More »

Klimt portrait tops Sotheby’s $282 million London auction

LONDON A Gustav Klimt portrait of a young woman that had been the subject of an ownership dispute fetched the highest price of 24.8 million pounds ($39.1 million) in an auction at Sotheby’s in London on Wednesday evening. Sales at the auction topped 178.6 mill... More »

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A clothing designer area is pictured at TechShop in the South of Market neighborhood in San Francisco, California April 24, 2014. REUTERS/Robert Galbraith In the shadow of Internet monoliths such as Facebook, Google and Twitter, it’s easy to forget that Silico... More »

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A Cisco office is pictured in San Diego, California November 12, 2012. REUTERS/Mike Blake Cisco’s corporate venture-capital arm said it would deploy $150 million to start-up companies over the next two to three years, accelerating its investments into areas su... More »

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Spanish banks face tough rivalry in small companies bet

The logo of Spanish bank Santander is seen outside a building in Madrid October 27, 2011. REUTERS/Andrea Comas Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. More »

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Major technology companies like Google and BlackBerry provide mentoring services to companies within Communitech in Kitchener’s historic Tannery District in Kitchener, Ontario, March 18, 2014. REUTERS/Euan Rocha The troubles at BlackBerry Ltd, which fired more... More »