8 July, 2015 by The TZ Newswire Staff Comments Off on "Prove You’re Not A False Prophet!"; Tsipras Lambasted At Fire And Brimstone European Parliament Session
"Prove You’re Not A False Prophet!"; Tsipras Lambasted At Fire And Brimstone European Parliament Session
Facing a new “deadline” (doomsday is now set for Sunday) to submit a viable proposal to EU creditors, Alexis Tsipras addressed the European Parliament in Strasbourg on Wednesday.
The embattled Greek PM once again called for debt relief (something Angela Merkel roundly rejected yesterday despite the IMF’s contention that writedowns are a precondition for “sustainability”) and claimed that Greece was being used as a “laboratory for testing austerity.”
8 July, 2015 by The TZ Newswire Staff Comments Off on Wall Street eyed sharply lower amid China fears, Fed minutes eyed
Wall Street eyed sharply lower amid China fears, Fed minutes eyed
U.S. stock index futures pointed to a dramatically lower open on Wednesday as worries over China’s relentless sell-off and Greece’s debt crisis weighed on investor sentiment.
8 July, 2015 by The TZ Newswire Staff Comments Off on China unveils new measures to prop up stocks
China unveils new measures to prop up stocks
In a flurry of new moves to halt a stock market slide, China’s government on Wednesday told state companies and corporate executives to buy shares, raised the amount of equities insurance companies can …
8 July, 2015 by The TZ Newswire Staff Comments Off on The Latest: Tsipras says Greece is preparing detailed plan
The Latest: Tsipras says Greece is preparing detailed plan
The latest on the Greek financial crisis (all times Athens local): ___ 12:05 p.m. Greek Prime Minister Alexis Tsipras says his country has submitted a broad proposal to get another rescue plan and will …
8 July, 2015 by The TZ Newswire Staff Comments Off on American Toyota exec released from custody in Japan
American Toyota exec released from custody in Japan
Toyota’s highest ranking female executive until her arrest in Japan on suspicion of drug law violations was released from custody without charges Wednesday. Julie Hamp, 55, who resigned last week from …
8 July, 2015 by The TZ Newswire Staff Comments Off on Microsoft to announce new round of job cuts, NYT reports
Microsoft to announce new round of job cuts, NYT reports
Microsoft Corp. plans to lay off more workers to cut costs amid waning demand for some devices and services, the New York Times reported, citing people briefed on the plan. The cuts will be announced as early as Wednesday and are in addition to about 18,000 workers the software maker said it was dropping about a year ago, according to the newspaper, which didn’t identify the people briefed. The cuts will affect workers in the hardware group among other parts of the company, it said.
8 July, 2015 by The TZ Newswire Staff Comments Off on Uber Seeks Up to $1 Billion Funding for Chinese Carveout
Uber Seeks Up to $1 Billion Funding for Chinese Carveout
Uber Technologies Inc., the car-booking company, is seeking to raise as much as $1 billion in funding for its Chinese business, people familiar with the matter said. Uber China has been discussing a valuation of about $7 billion to $8 billion with potential backers, the people said, asking not to be identified because the discussions are confidential. Baidu Inc., the Beijing-based Internet firm that’s already an investor in Uber’s global operations, plans to buy a new stake in the local unit, according to two of the people.