The Traderszone Network

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said. Shut out of international markets and locked in talks with its European Union and International Monetary Fund creditors over its proposed reform-for-cash deal, Greece risks running out of cash within weeks. Three months of fruitless negotiations have raised tensions between Greek Finance Minister Yanis Varoufakis and euro zone colleagues in Riga on Friday.

Directors at the bank are considering the future of its UK retail operations, the newspaper reported, citing senior sources. HSBC declined to comment on the report. HSBC has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London’s reputation as a global hub for finance and investment. A UK law forcing banks to separate their domestic retail operations by 2019 is likely to be a key factor in any decision.

Source: Townhall

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Last week, the Greek government issued a decree which called for local governments to transfer excess cash to the central bank so that Athens would be able to pay pensions, salaries, and the IMF.

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News out of the fracking industry isn’t good, and it may be a long time before a meaningful recovery takes place.

Challenges have bedeviled some of California water conservation efforts, and experts expect uneven levels of compliance.

Self-driving cars are all the rage in the technology and automotive worlds these days. However, one very credible report recently claimed that it might be longer than you think before your car becomes your own private driver as well.