Former Greek Finance Minister Yanis Varoufakis addresses the media as he arrives at the Finance Ministry in Athens, Greece July 6, 2015. REUTERS/Jean-Paul Pelissier

Greek finance minister quits to smooth talks after vote

Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout.  Full Article | Live Coverage 

Reliance to sell $32 million stake in unit Network18 6:15pm IST

MUMBAI - India's Reliance Industries Ltd plans to sell a 3.1 percent stake, worth $32 million at the current market price, in unit Network18 Media & Investments Ltd to comply with rules mandating public ownership in listed firms.

Men mourn the death of a relative, who was killed with two others by unidentified gunmen, in a hospital Quetta, Pakistan, July 6, 2015. REUTERS/Naseer Ahmed
Pakistan

Three killed in attack blamed on Islamist groups

Gunmen riding motorcycles on Monday opened fire outside a passport office in southwestern Pakistan, killing three people, including a police officer, in an attack police blamed on radical Islamist groups. Sectarian strife has been worsening in Pakistan, where Shi'ite Muslims make up about 20 percent of a population of 180 million. Sunni Muslim militants frequently attack Shi'ites, whom they see as infidels.  Full Article 

This combination picture shows U.S. Secretary of State John Kerry (L) during a meeting at a hotel in Vienna on July 1, 2015 and Iranian Foreign Minister Mohammad Javad Zarif during a meeting at a hotel in Vienna, Austria, on July 3, 2015. REUTERS/Carlos Barria
Middle East

What's holding up Iran nuclear talks?

A dispute over U.N. sanctions on Iran's ballistic missile programme and a broader arms embargo were among issues holding up a nuclear deal between Tehran and six world powers on Monday.  Read 

Teen blogger Amos Yee leaves with his parents after his sentencing from the State Court in Singapore July 6, 2015. REUTERS/Edgar Su
Asia

Singapore blogger gets jail time already served

A Singapore teenager who posted an obscene image of late leader Lee Kuan Yew will be released after the court sentenced him on Monday to jail time already served.  Full Article 

Former Sri Lankan president Mahinda Rajapaksa (R) sits next to his wife Shiranthi Rajapaksa during a religious ceremony at his residence in Medamulana July 1, 2015. REUTERS/Dinuka Liyanawatte
Sri Lanka Elections

Lanka polls timed to foil Rajapaksa comeback

Sri Lanka's August elections have been timed to stop a comeback by war-time president Mahinda Rajapaksa, who remarkably may see his popularity rise in coming months if criticised for war crimes in a U.N report, said government sources. Rajapaksa's crushing of a 26-year Tamil Tiger insurgency in 2009 won him support among the country's Sinhalese majority and he still has a very strong following.  Full Article 

Kiran Rao at the 35th Toronto International Film Festival September 12, 2010.  REUTERS/Fred Thornhill/Files
Interview

Kiran Rao on her plans for Mumbai film festival

Film-maker Kiran Rao is the new chairperson of the Mumbai film festival, which has been revamped this year and re-christened Jio MAMI. Rao, 41, a long-time champion of indie cinema in India, spoke to Reuters about her plans for the festival, why she wants to focus on Indian cinema rather than international films, and what went wrong with her earlier pet project, Filmbay.  Full Article 

A man walks at the Samsung Electronics' headquarters in Seoul January 7, 2015. REUTERS/Kim Hong-Ji/Files

Investors lower Samsung Q2 expectations

Doubts over the sales prospects of Samsung Electronics Co Ltd's new flagship smartphones are damping expectations of a rapid turnaround for the South Korean giant, even though profit likely continues to recover from last year's troughs.  Full Article 

Jun 19, 2015; University Place, WA, USA; Rory McIlroy hits his tee shot on the 6th hole in the second round of the 2015 U.S. Open golf tournament at Chambers Bay. Mandatory Credit: John David Mercer-USA TODAY Sports

Rory McIlroy suffers severe ankle injury

Rory McIlroy's defence of golf's British Open has been thrown into doubt after he said on Monday that he had ruptured ankle ligaments in a friendly football match with his friends.  Full Article 

Latest Headlines

Security

Una Galani

Ousted CEO shows risks of SoftBank startup splurge

Failure is an unpleasant fact for most startups. One in three new companies lose most of the capital that investors have put into them. Housing.com may benefit from CEO Rahul Yadav’s removal. But it will be harder for the company to succeed now that it has been forced to cut all ties to its founder. The fallout raises the question of how many of SoftBank’s similar investments will deliver a positive return.  Opinion 

Why the people crossing the Mediterranean aren’t ‘migrants’

Why the people crossing the Mediterranean aren’t ‘migrants’

In 2015, majority of arrivals in Europe have so far come from four countries: Syria, Eritrea, Afghanistan, and Somalia. These are all countries at war or with repressive dictatorships (Eritrea), so most of their citizens should be given refugee status in the EU, according to EU rules.  Commentary 

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 

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