Yanis Varoufakis last week accused Greece's international creditors of "terrorism" Greece's combative finance minister has resigned, hours after voters backed his call to reject creditors' demands for more austerity in a referendum.Yanis Varoufakis said it was felt his departure would be helpful in finding a solution to the country's debt crisis.Eurozone finance ministers, with whom he repeatedly clashed, had wanted him removed, Mr Varoufakis explained.Meanwhile, global financial markets have fallen over fears that Greece is
* Euro down less than half a percent after initial dip below $1.10* Yen broadly firmer on flight to safety* Talk of intervention to prevent Swiss franc surgeBy Patrick GrahamLONDON, July 6 (Reuters) - Foreign exchange markets reserved judgement on Greece's place in the euro and the overall solidity of the common currency project on Monday, prodding the euro less than half a percent lower after Greeks voted 'No' to further austerity.The euro had sunk
APA customer makes a purchase with a MasterCard using Apple Pay on the iPhone 6.It looks like Apple Pay will be launching in the UK on July 14. 9to5Mac's Mark Gurman has got his hands on what appears to be an internal memo from supermarket Waitrose saying that Apple's cardless payment scheme will launch in Britain later this month. Apple Pay is already available in the US, and it lets users pay for items at
Reuters Pictures Bonfire nightFrench bank BNP Paribas says the technology underpinning bitcoin has the potential to make existing companies "redundant," a huge admission from one of the world's biggest banks. Analyst Johann Palychata writes in the company's magazine Quintessence that bitcoin's blockchain, the software that allows the digital currency to function, "should be considered as an invention like the steam or combustion engine," that has the potential to transform the world of finance and beyond.
Sunil Gulati, the president of the United States Soccer Federation, poses for a picture with Carli Lloyd after winning the Golden Ball trophy in the FIFA Women’s World Cup on July 5, 2015 in Vancouver, Canada. (Rich Lam/Getty Images) Unstoppable “beast” or erratic turnover machine? Eccentric “weirdo” or boring and blithe? Last-second hero or season-ending liability? Choker or champion? As U.S. Women’s National Team midfielder Carli Lloyd stepped onto the field for Sunday’s
Facebook/ChipotleChipotle is losing its luster. See Also Good morning! Here's everything you need to know in the world of advertising today. 1. Chipotle is losing its luster. Barron's predicts its stock could see a 15% to 20% plunge, unless sales growth suddenly revives. 2. Here's an unofficial ranking of all the presidential campaign logos. From the good, to the acceptable, and the bad. 3. A petition to remove Ellen Pao as Reddit
Chinese stocks ended a tumultuous Monday session with mixed results. The Shanghai Composite and CSI 300 indices finished with gains of more than 2.4% although, having been up more than 7.5% in early trade, both finished significantly off their intrasession highs. To give you a sense of the volatility seen during the day the Shanghai Composite traded a 322 point range, or 8.7% of Friday’s closing level. While massive compared to most markets, it’s becoming
(CNN)Soccer is a tough sell in America because it's a low-scoring game. So goes the conventional wisdom.Well, wisen up wisdom. Because what happened inside the BC Place Stadium in Vancouver, British Columbia, on Sunday ought to make believers out of even the ultra-apathetic.This wasn't just the United States vanquishing Japan, the defending Women's World Cup champions. This was soccer, Oprah-cized - a 5-2 trouncing. "You get a goal! And you get a goal!"This wasn't just