Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
AS THEY boarded the 5:45am flight from London’s Gatwick Airport to Athens in Greece this morning, holidaymakers were weighed down by more than just the usual excess luggage. With Greece’s euro membership hanging in the balance, as the result of its prime minister’s decision to call a referendum (due to take place on Sunday) on whether…
“We will never allow the establishment of a state in Syria’s north and our south,” Mr Erdogan said at the weekend. “We will continue our fight in this regard no matter what it costs.” Turkey’s President Tayyip Erdogan (seated) heads the National Security Council meeting Turkey has urged the creation of a buffer zone protected…
Submitted by Lance Roberts via STA Wealth Management, In yesterday’s discussion on the technical underpinnings of the market, I pondered the question of whether Greece was really the primary issue of concern for investors. “Whether, or not, a Greek exit from the Eurozone or a potential debt default is “the thing” that sparks the next…
Mere hours before Greece defaults on a loan repayment to the IMF and sees its bailout deal expire, prime minister Alexis Tsipras thought the time was right to launch a new offer to lenders. The Greek leader lodged a request with Dutch finance minister Jeroen Dijsselbloem, who also chairs the euro zone’s rescue fund, for…
After days of violent protests and defiance on the part of Uber’s French management, two of the company’s employees were taken into custody for “illicit activity” today. Uber France CEO Thibaut Simphal and Uber European GM Pierre-Dimitri Gore-Coty were arrested for running the company’s ride-sharing service illegally. TechCrunch reports the pair is also being held…
French taxi drivers overturned cars, burned tires and blocked access to airports and train stations in a second day of violent protest Thursday against competition from the ride-sharing service Uber. Hundreds of licensed cabbies, who say competition from the popular service is cutting into their income and threatening their jobs, converged on cities to stage…
Greece is heading towards a default on a debt payment due Tuesday, with investors fretting over the possibility the country could exit the euro zone. Meanwhile, a Greek media report has claimed that negotiations might restart between the government and the country’s creditors. We’ll have all the new developments for you as well as the…
Read MorePuerto Rico poses a ‘substantial threat’: Strategist The bad news doesn’t mean investors are giving up. Two bands of mostly hedge fund bondholders continue to put pressure on local officials. They still hope to come up with a deal that gives Puerto Rico the money it needs to fund its operating budgets and, at…
Withdrawals from cash machines in Greece are capped at just €60 a day The Greek government has requested a new bailout deal from the eurozone, just hours before its bailout expires and it must repay €1.6bn (£1.1bn) to the International Monetary Fund (IMF). Greece is reportedly asking for a new two-year aid deal from a…
The people of Greece are already feeling the pinch from the latest economic crisis. “My wife went to the supermarket,” says Greek political correspondent, Christos Michaelides. “She told me that most of the shelves were empty — especially those with pasta, especially those with rice. Also milk, eggs and a lot of canned foods like…