Last-minute negotiations between the Greek Finance Minister, Yanis Varoufakis, and the finance ministers of the eurozone in Brussels reached a provisional agreement, which will enable Greece to access an additional €7.2 billion ($10.5 billion) in further loans from the European Union. In exchange for this, Greece has agreed to maintain the current austerity program for…
While Australia Post reported a first-half year profit slide of 56 per cent, New Zealand Post has reported rising profits, due to its wholly-owned subsidiary, Kiwibank. Australia Post expects to make a loss over the full financial year, the first in 30 years. The reason for Australia Post’s problems is that it is making huge…
Despite record-breaking freezing temperatures in parts of the northern hemisphere, the United Nations Intergovernmental Panel on Climate Change (IPCC) is pushing ahead with plans to have a new international climate agreement signed at the Paris plenary next December. IPCC head Dr Rajendra Pachauri A plenary session of the IPCC has just been held in Nairobi,…
After days of discussion between the left-wing Syriza government in Greece and the European Union regarding Greece’s debt crisis, neither side wants to bring the issues to a head, while both sides remain committed to their original positions. Greek PM Alexis Tripras Syriza demanded an end of the EU austerity plan, while the EU insisted…
