The Reserve Bank of India (RBI) Governor Raghuram Rajan arrives for a news conference after the bi-monthly monetary policy review in Mumbai December 2, 2014. REUTERS/Danish Siddiqui/Files

Willing to let foreigners hold more government debt - RBI

The Reserve Bank of India is committed to steadily increasing how much government debt foreign investors can buy, but will proceed cautiously to avoid becoming too reliant on overseas capital, Governor Raghuram Rajan said on Thursday.  Full Article 

India's $100 billion solar push draws foreign firms as locals take backseat 1:12pm IST

NEW DELHI/MUMBAI - India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector.

A farmer plants rice saplings in a paddy field against the backdrop of pre-monsoon clouds in Amritsar June 13, 2013. REUTERS/Munish Sharma/Files
Farm Sector

India to spend $8 billion to boost irrigation

India has approved spending of 500 billion rupees ($7.9 billion) over five years to expand irrigation in rural areas to boost crop productivity and it also plans an online agricultural market to help farmers get better prices for their produce. A total of 53 billion rupees has been allocated for the irrigation project in the current fiscal year ending on March 31, 2016, the government said on Thursday.  Full Article 

Anti-EU protesters are seen through a burned and torn European Union flag during a protest at the northern city of Thessaloniki, Greece July 1, 2015. REUTERS/Alexandros Avramidis
Greece Debt Crisis

Greece's Tsipras digs in against bailout

A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with European Union partners.  Full Article 

A body is carried by rescuers during a search and rescue operation following a ferry capsize in Ormoc city, central Philippines July 2, 2015. REUTERS/Ronald Frank Dejon
Asia

At least 36 killed as Philippine ferry sinks

A ferry carrying 189 passengers and crew capsized off the central Philippines on Thursday, killing at least 36 people but most of those on board were rescued, the coast guard said.  Article | Video 

 A pedestrian walks past a BBC logo at Broadcasting House in central London October 22, 2012. REUTERS/Olivia Harris/Files
TV vs Internet

BBC says to cut more than 1,000 jobs

The BBC said it will cut more than 1,000 jobs because it expects to receive 150 million pounds less than forecast from the licence fee next financial year as viewers turn off televisions and watch programmes on the Internet. Only 69 percent of viewing by British adults is now through live TV and among 16 to 24-year-olds, only 50 percent of viewing is done through live TV, the telecoms regulator said.  Article 

Members of the media stand in front of the entrance of the Federation Internationale de Football Association (FIFA) headquarters in Zurich, Switzerland, May 30, 2015. REUTERS/Arnd Wiegmann/Files

U.S. asks Swiss to extradite 7 in FIFA probe

The United States asked Switzerland to extradite seven FIFA officials arrested in an investigation into a global bribery scandal at soccer's governing body, the Swiss Federal Office of Justice (FOJ) said.  Read 

A laboratory assistant holds one hemisphere of a healthy brain in the Morphological unit of psychopathology in the Neuropsychiatry division of the Belle Idee University Hospital in Chene-Bourg near Geneva in a March 14, 2011 file photo.  REUTERS/Denis Balibouse/Files

Here is how the brain remembers stuff

With a little help from Clint Eastwood, Jennifer Aniston and Josh Brolin - or at least photos of them - scientists have gained a new understanding of how memories of everyday events are formed in the brain. Individual neurons in a region called the medial temporal lobe play a central role in swiftly forming memories.  Full Article 

People cool off in the Trocadero fountains during a hot summer day in Paris, France, July 1, 2015. REUTERS/Charles Platiau
It's Gettin' Hot In Here

French, Belgians try to keep cool

Temperatures broke records in France and Belgium on Wednesday with the mercury reaching 42 degrees in some areas. Keeping in mind that the 2003 heat wave had been devastating for the elderly, among whom thousands died, French authorities were trying to reach those vulnerable to make sure they were aware of the dangers of the heat and prepared to face high temperatures for a few days.  Video | Pics 

Latest Headlines

Flawed Reform?

Matthew Gault

Failure of new U.S. weapons systems may be more than science fiction

A war between China and America is a favorite subject of armchair military analysts. Why would it happen? How would it play out? Authors have written thousands of pages online and off trying to answer these questions. That’s why Ghost Fleet, a new novel by national-security analysts August Cole and P.W. Singer, is fascinating.   Commentary 

Hugo Dixon

Tsipras looks like he is crumbling

It looks like Alexis Tsipras is crumbling. After the banks closed and public opinion started moving against him, the Greek prime minister seems desperate for a deal with his creditors. Athens has now defaulted to the International Monetary Fund, adding to the pressure. But it is not clear lenders will cut him any slack. They may prefer to deal with his successor.  Commentary 

John Lloyd

Grexit signs: Drachma, how we’ve missed you!

There is no excuse for Greece. Since it joined the European Union in 1981, successive governments of left and right have treated the EU like a witless sugar daddy. They trusted their fellow members to be hopelessly infatuated with this sun-drenched cradle of democracy that the wallet would always open, the numerous peccadilloes always winked at and the answer always yes.  Opinion 

Matthew Vines

Even Christian Evangelicals are warming to gay marriage

Evangelicals are starting to change their minds about gay marriage. In recent months, three large evangelical churches - EastLakeCommunity Church in Seattle, Washington, GracePointe Church in Nashville, Tennessee, and City Church in San Francisco, California - have announced that they no longer believe all same-sex relationships are sinful.  Commentary 

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