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2 hours ago

Euro-zone leaders decline further talks with Greece.

  Finance ministers from euro zone countries will not meet with Greek representatives until after a referendum on Sunday that asks the Greek people to accept or reject cuts proposed by the country’s creditors. A “no” vote would bring the country closer to a Grexit, which could wipe 20% off its GDP (paywall).
July 02, 2015

Xiaomi announces a major sales boost.

  The Chinese smartphone maker sold 34.7 million handsets in the first half of 2015, up 33% from a year earlier. The high-spec, low-cost handsets have faced a challenge from Apple though, as sales growth has all but halted since the last half of 2014.
2 hours ago

Air France-KLM cuts its services to save money.

  The airline group’s Dutch unit will reduce its seat capacity by 2.8% this winter and speed up its cost-cutting plan. Air France-KLM has struggled after four consecutive years of losses, and has already announced a reduction in destinations and aircraft orders.
2 hours ago

A Philippines ferry crash kills at least 36.

  A passenger ferry carrying 173 capsized in rough waters in Ormoc, in the south of the country; 118 people have so far been rescued. Ferry services are crucial to the Philippines archipelago, but loose regulations have led to a poor safety record.
2 hours ago
Chart of the Moment

Xiaomi’s international expansion is looking increasingly important.

July 02, 2015

There are shockingly few impact craters on the surface of the Earth.

  The planet has 126 of them, which pales in comparison to other bodies in our solar system.
July 02, 2015

Eye color could be linked to alcohol dependence.

  People with blue eyes may be particularly vulnerable.

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