Mklh Sale of F-16s is part of legacy announcement: US envoy Verma
World markets tumbled on Monday as Greece shut its banks and imposed capital controls to halt a panic-driven run on ATMs, and confirmed it would not repay its loan tranche of 1.6 billion euros $1.77 billion to the International Monetary Fund IMF before the June 30 deadline. Prime-Minister-Alexis-Tsipras-in-picture-spoke-by-phone-with-European-Commission-President-Jean-Claude-Juncker-Wednesday-and-both-said-that-constructive-talks-should-continue-AFP-File-Photo Pr
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ime Minister Alexis Tsipras, wh
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o blindsided creditors by calling a referendum on the austerity cuts in the aid package proposed by creditors, appeared on television on Sunday night to announce capital controls to prevent banks from collapsing. Any difficulties must be dealt with calmness. The more calm we are, the sooner we will get over this situation, Tsipras had said. Their controls capped a dramatic weekend for Greece that has pushed the country closer to an exit from the euro currency
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block. Frances CAC-40 stock index was down 3.6% at 4,877, while Germanys DAX fell 3.5% to 11,088, as investors feared a Grexit. Asian markets also reacted negatively, with Tokyo ending 2.9% lower, Sydney shedding 2.3% and Seoul dropping 1.4%. Hong Kong tumbled 2.6%, while Shanghai ended down 3.3%. The Athens stock market has been shut until July 7.In a ray of hope, creditors left the door open for a last-ditch debt deal to try and avert a Grexit, which would raise serious questions about the future of the Euro Jjrv Two vice mayors executed for corruption
A severe drought threatens 8.3 million hectares of crops in northern China, which produces 30 percent of the country s autumn grain output, the agriculture ministry said on Saturday. HT Image The ministry Saturday declared a third-level emergency in response to the drought. The standing crops in the provinces of Liaoning, Jilin, Heilongjiang and Shanxi, and in the Inner Mongolia Autonomous Region, are seriously affected by the drought, the ministry said on its website. The drought quickly expanded in the region due to the
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insufficient rainfall and high temperatures since late July, said Wei Chao an, vice minister of agriculture. The ministry has dispatched three teams to undertake safety measures in the worst hit regions of Liaoning, Jilin and Inner Mongolia. The National Meteorological Centre has, however, forecast rainfalls in the region from Monday till Wednesday. Read breaking news, latest... See more Read breaking news, lat
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est updates from US, UK, Pakistan and other countries across the world on topics related to US Election Li
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ve, politics,crime, and national affairs. News / World News / China declares drought emergency .freemium-card h4color: fff; padding-bottom:20px; .freemium-card .freemium-content .subcTxtpadding-bottom:16px; color: fff; .freemium-card .freemium-contentwidth: auto; max-width: inherit; .freemium-card .freemium-content .subcTxtmax-width:inherit; font-size:18px; padding-top:0; line-height:24px .freemium-card .btn