Greek debt crisis: From its €50bn fund of government assets to its bridge financing arrangements, today’s Greek deal in numbers July 13, 2015 After six months (which culminated in a tense-sounding 17-hours), Greece has finally reached a deal with its lenders which should, eventually, help to unlock bailout funds for the country. Read more: Greece deal – here's why the euro has dropped But how much is this going to cost Greece – and its lenders? Here are the [...]
Greek debt crisis: “Greece will continue to fight”, vows Alexis Tsipras July 13, 2015 Greek Prime Minister Alexis Tsipras has triumphantly told his people that the country has "sent a message of democracy", after the embattled nation's government finally agreed a deal with creditors which will unlock three years of funding. Read more: Here's everything we know about Greece's new bailout deal In an official statement this afternoon, Tsipras said [...]
S&P 500 and Dow Jones jump as US markets open higher on Greece deal – but euro continues to fall July 13, 2015 Stocks opened higher after this morning's deal between Greece and its lenders. The S&P 500 jumped 0.8 per cent at the opening bell, while the Dow rose just over one per cent. Earlier, European markets had all reacted positively to the news, opening higher and maintaining that optimism, with the FTSE 100 hovering around 6,713 [...]
Here’s everything we know about Greece’s new deal with its creditors July 13, 2015 The FTSE 100 and the euro both rallied this morning after it was revealed that, after 17 hours (and six long months) of negotiations, Greece had finally reached a deal with its creditors. Although the details are still sketchy, here's what we know so far. The deal should unlock €82-86bn (£59-61bn) of funds for Greece [...]
Greek deal: Why did the euro just fall against the dollar? July 13, 2015 Markets rallied this morning after Greece finally reached a deal with its creditors after a marathon 17-hour session (not to mention six months of will-they-won't-they discussions). But after an initial jump during which the euro bounced to $1.1187 against the dollar, it began to tumble, falling as low as $1.1062, 0.8 per cent down. What's [...]
Maine Tower: More apartment hysteria as another residential skyscraper at Canary Wharf sells out in hours July 13, 2015 It turns out those working at Canary Wharf are really keen to kill their commute, after 208 homes at a newly-launched residential tower in the district sold out in four hours – a week after buyers queued around the block to snap up homes at another block. Read more: As first homes go on sale at [...]
FTSE finishes higher as European finance ministers prepare to discuss Greek bailout proposals July 10, 2015 The FTSE 100 closed 1.4 per cent up, at 6,673 points, as hopes rose of a deal between Greece and its lenders on the €13bn (£9.4bn) bailout proposals it presented last night, ahead of a meeting between the Eurogroup of finance ministers scheduled for tomorrow. In the US, the Dow Jones was 1.1 per cent [...]
Can you solve this fiendishly difficult London Underground Tube station emoji quiz? July 10, 2015 Here's one for the weekend – which Tube station can symbolised be using just the emojis for a shower and a toilet? And what about a ribbon, followed by five cars? This quiz has been doing the rounds in the darker corners of the internet since Monday afternoon, when a Mumsnet user asked [...]
CMA launches Net-A-Porter merger inquiry July 10, 2015 Those on the frow* may consider themselves are the forefront of fashion – but it turns out the UK's competition regulator is the ultimate arbiter of style. The Competitions and Markets Authority (CMA) has raised a question mark over the merger between it and Yoox, an Italian competitor. The €1.3bn (£936m) merger between Net-a-Porter, the [...]
Taxi wars: Black cab app Gett takes on Uber with £10 flat fare in central London (but it doesn’t go south of the river) July 10, 2015 Black cab taxi app Gett has drawn the battle lines against Uber, after it launched a £10 flat fare for rides in central London. The company, which works with licensed black cabs and Hackney carriages in 25 UK cities, said the fare will apply between 10am and 10pm on Monday to Friday for the rest [...]
