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Business and economy Bank of Moscow, the fifth largest bank in Russia, in record bailout of $14 billion, after the discovery that almost a third of the bank's assets are "problematic," the Central Bank of Russia said. (BBC) (Moscow Times) A Bank of Japan survey shows that business confidence has fallen markedly since the 2011 Tōhoku earthquake and tsunami. (Washington Post) Manufacturing ...
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Business and economy Qantas pilots commence industrial action for the first time in 45 years. (AFP via The West Australian) General Electric reports stronger than expected earnings, largely due to industrial sales outside the United States. (Reuters) Disasters and accidents At least 41 people are killed in a fire on a bus in Xinyang City, central China. (BBC) (Xinhua) Nepalese officials say ...
Business and economy European sovereign debt crisis: Eurozone finance ministers agree to give a further €12 billion over the next two weeks to Greece as it fights bankruptcy. (BBC) (Al Jazeera) Australia's Civil Aviation Safety Authority grounds all Tiger Airways flights in the country until July 9 due to a range of safety concerns. (AAP via The Sydney Morning Herald) Disasters 3 coal miners ...
International relations South Sudan secedes from Sudan, becoming a sovereign state. (Los Angeles Times) Politics Malaysian police fire tear gas and arrest hundreds of people as more than 20,000 people march in the 2011 Bersih 2.0 rally demanding electoral reform in Kuala Lumpur. (Bloomberg via Business Week) (AP via Seattle Post-Intelligencer) (BBC) Sport The Queensland Reds of Australia ...
Read the full July 2011 cover story by Christine Spines below. Rihanna is kicking back in a Los Angeles photo studio, one hand holding a glass of white wine and the other deep into a bag of Cheetos.
Business and economics Moody's threatens to cut the debt rating of the United States. (BBC) Disasters Sixteen people are killed when Noar Linhas Aéreas Flight 4896 crashes in Recife, in the Brazilian state of Pernambuco. (BBC) Five people are killed in an explosion at an industrial estate in Boston, Lincolnshire. (Channel 4) (BBC News) (The Guardian) International relations South Sudan is ...
Business and economy Euro zone leaders secure a €109 billion bailout for Greece with the country going into default for a short period, but with increased powers for the main European rescue fund to assist countries that have not been bailed out, such as Spain and Italy. (New York Times) Disasters The Government of Japan publishes a reconstruction plan for areas devastated by the 2011 ...