Greek PM’s shock resignation
AFTER securing a third bailout with European creditors, Greece’s Prime Minister Alexis Tspiras has announced he is quitting and called an early election.
World Economy
Finance news you need to know
GREEK politicians are preparing to vote on the terms of the country’s third international bailout since 2010, which have split the ruling radical left Syriza party.
Finland backs Greek bailout deal
FINLAND has given its approval for a third eurozone bailout package for indebted Greece, as long as dozens of preconditions outlined by creditors are met.
It’s time to worry about China
CHINA has just achieved something remarkable, but there are signs the golden run is about to end. Australia will feel the consequences.
China see slump in Aussie dollar
THE Aussie dollar has sunk to a new six-year low after Chinese authorities devalued its currency. We explain exactly what China did, and why.
Hipsters create their own cash
WANT to buy a coffee here? Times are ch-ch-changing. Hope you brought your hipster banknotes.
Finance news you need to know
THE Commonwealth Bank has reported a five per cent rise in full-year net profit to a record $9.063 billion, while CBA shares went into a trading halt as it announced a $5 billion capital-raising.
Finance news you need to know
THE planned merger of travel booking sites Expedia and Orbitz has sparked monopoly fears among United States consumer advocates and hotel owners.
Finance news you need to know
BILLIONAIRE investment guru Warren Buffett has suffered a blow to his massive fortune, with his company Berkshire Hathaway reporting a 37 per cent drop in its second-quarter profit.
Greece in ‘final stretch’ for deal
ALEXIS Tsipras says his government is nearing a deal with creditors on a mammoth bailout, as the hammering of the Athens Stock Exchange continues.
The world’s other financial disaster
WHILE attention focuses on Greece’s turmoil and China’s share market collapse, spare a thought for this place going through financial ruin.
Greek shares down 23 per cent
THE Athens stock exchange has plunged by 23 per cent on reopening this afternoon, as the world braces for more chaos in the debt-stricken nation.
Vigilante king creates private police force
MEET the suave businessman who is taking policing the crime-ridden streets of his city into his own hands. He’s beating the cops at their own game.
Australia says ‘no deal’ in TPP negotiation
AUSTRALIA will not sign up to the $200 billion Trans-Pacific Partnership trade deal after talks failed to resolve significant industry issues.
Finance minister’s secret ‘Plan B’ leaked
LEAKED recordings show Greece’s ex-finance minister had a secret plan for a parallel banking system, as creditors begin work on a bailout package.
Mogul’s crazy idea to solve crisis
THEY are the world’s most desperate people — and no one knows what to do with them. Could this “harebrained” idea solve the crisis?
‘I suggest we take a cold shower’
KEVIN Rudd has hosed down fears of a regional conflict between the US and China kicking off in the South China Sea.
Greek bailout talks begin
GREECE’S creditors are set to kick off discussions about the third bailout package for the debt-ridden country.
Buried alive: Venezuela’s ‘tomb’ prison
AS VENEZUELA teeters on the brink of collapse, the government’s crackdown on dissidents means that peaceful protesters are left languishing in a torturous underground jail.
‘They bring you to the point where you can’t pay’
GREECE’S former Finance Minister Yanis Varoufakis has defended the controversial bailout referendum, slamming European creditors as “terrorists”.
Welcome to the megalopolis
IT’S the size of 17 Sydneys and will be home to almost six times the population of Australia. But a lot of those people won’t be winners.
Greece’s banks reopen to mixed emotions
ACROSS Greece, locals formed orderly queues outside the nation’s banks that opened for business for the first time in three weeks but not everyone is happy.
Why are Greeks spending crazily?
THEY’RE facing financial meltdown, but Greeks are splashing out on electronics and jewellery like never before. Why?
ECB gives Greece breathing space
GREECE’S banks have been saved from collapse after MPs grudgingly passed a tough reform package demanded by creditors.
Streets of Greece turn very ugly
UPDATE: Greece has passed controversial new austerity measures – but its people definitely aren’t happy.
Tensions high over Greece bailout
GREECE’S Alternate Finance Minister has resigned in protest over the austerity measures the country is asked to implement in exchange for a bailout.
Revolt over austerity deal grows
GREECE’S left-wing government launched a frantic 24-hour effort late Tuesday to push more austerity measures through Parliament.
Did Olympics ruin this country?
IT’S famous for its ancient ruins, but the modern ones are just as striking. They’re abandoned and decaying – the perfect symbol.
Greece’s collapse like you’ve never seen it before
DRY cleaners, travel agencies, dressmakers and butchers. This photographer is capturing a dying economy, one business at a time.
Grexit could trigger ‘migration wave’
THEY are going hungry and one former government minister predicts they’ll soon come to Down Under, which could be terrible for Greece.
Original URL: https://www.news.com.au/finance/economy/world-economy/page/48